How to Withdraw From Coinbase

Posted by in Crypto | Updated on November 16, 2022
At a Glance: To withdraw money from Coinbase, users must first convert their crypto to fiat. Once all of the crypto has been converted to fiat, the balance can be withdrawn.

Over the last few years, Coinbase has attracted millions of users, making it one of the most used platforms in the world for buying, trading, and cashing out crypto. If you’ve just gotten started with Coinbase, you may have noticed that there’s a bit of a learning curve, especially when it comes to how you withdraw money from your Coinbase account. But don’t worry – we’re here to help. Read on to learn how to easily cash out of your Coinbase account!

What is Coinbase?

Coinbase was founded in 2012 as a place to send and receive Bitcoin. Since then, the company has grown to support dozens of unique cryptocurrencies and has users in more than 100 countries. Coinbase runs two separate trading platforms (Coinbase and Coinbase Pro) in addition to a standalone cryptocurrency wallet service (Coinbase Wallet).

How to Withdraw Funds from Coinbase

Coinbase serves millions of people all over the world. It offers multiple services, such as trading, selling, buying, storing, and stacking crypto, regardless of whether you are an institutional or a retail investor.

The Coinbase user interface for the web and mobile platforms is, generally, intuitive. They can, however, get a little tricky when it comes to withdrawing funds from your Coinbase account. In order to withdraw funds from Coinbase, you will have to go through the following steps:

  1. Crypto to Fiat Conversion
  2. Withdraw Your Fiat Balance

At first glance, these steps might seem complicated, but they’re, really, very simple. Read on to learn more about each of these step

Crypto to Fiat Conversion

The first thing you have to do is to convert your crypto to fiat. In order to do this, you must convert your crypto into fiat currencies like EUR or USD. To do this you must: 

  1. Log in to your Coinbase account
  2. Click the “Trade” button on the navigation bar; or
  3. Click the “Buy/Sell” at the top-right of your screen
  4. Input the amount that you want to trade for fiat in the dialogue box
  5. Go to the “Sell” tab at the top of the screen
  6. Input how much of your crypto you want to convert
  7. Pick the crypto asset whose balance you want to convert
  8. Choose the fiat currency you wish to withdraw in

Click on “Preview Sell” after performing these steps and confirm the transaction details. You will then get a window with the confirmation on your screen, which will not only show you how much your fiat wallet will receive but also how much you are charged in fees.

Withdraw Your Fiat Balance

Now that you’ve converted your crypto into one of the fiat currencies, you can bring the process of withdrawing your funds from Coinbase. To cash out of Coinbase, you need to: 

  1. Navigate to the “Portfolio” page
  2. Scroll down to the “Your assets” section
  3. Find the fiat balance you converted and select it
  4. Return to the “Your assets” page
  5. Click on the “Withdraw” tab
  6. Input in the withdrawal amount 
  7. Click on “Withdraw all”
  8. Click on the “Withdraw” button to confirm the withdrawal
  9. Choose the preferred payment option
  10. Click “Continue”
  11. Confirm or edit your transaction details
  12. Click “Withdraw now”

After you click “Withdraw now”, the transaction will process and you may be charged a fee, depending on the currency you chose to cash out. 

It’s important to note, also, that the payment options include SEPA, bank account transfers, PayPal account transfers, wire transfers, or credit or debit cards.

Be aware that this will only work if you have connected the chosen payment method beforehand. To learn more about adding a payment method to your Coinbase account, read on.

How to Add a Payment Method to Coinbase

Adding a payment method to Coinbase is pretty easy. All you have to do is: 

  1. Click on your profile picture at the top-right of the screen
  2. Navigate to your “Settings” in the dropdown menu
  3. Go to the “Payment Methods” tab
  4. Click the “Link a New Account” button

After you click the “Link a New Account” button, a dialogue box will pop up on your screen, showing you which payment methods are available. Pick your preferred payment method from the available options and follow the instructions given in the dialogue box.

The most common methods will include the ability to add a:

  • Bank account
  • PayPal account
  • Credit/ Debit card

The availability of some options may be limited by your location. For instance, a PayPal account may only be added in regions where PayPal is available. Similarly, your bank account and your credit or debit card may have restrictions.

Please note that the payment methods available to you will depend on your location.

To finalize the addition of the payment method, Coinbase will require you to verify the account and may charge a small fee. Once verified, the new account will be included in the payment options list and you can use it to withdraw funds in the future.

How to Withdraw Crypto from Coinbase

Withdrawing crypto from Coinbase is a process that can be done in a few simple steps. Here is how you do it:

  1. Click the “Buy/Sell” button at the top-right of the page
  2. Trade for or buy the crypto you want to withdraw
  3. Navigate to the “Send/Receive” page
  4. Input the amount and asset you to withdraw in the dialogue box
  5. Add an email address in the “Address” field (free); or
  6. Add  a crypto address in the “Address” field (will have fees)
  7. Choose the asset you wish to withdraw
  8. Click on “Continue” and 
  9. Confirm or edit your transaction details
  10. Click “Withdraw now”

After you finalize the transaction, your withdrawn crypto funds will reach your account sometime between a few minutes or a few days, based on the asset and network you chose. 

How to Withdraw Funds from Coinbase Pro

Coinbase offers a premium alternative called Coinbase Pro. While the two versions of the crypto trading platform differ in a few key ways, the withdrawal process on the two platforms is very similar.

To withdraw from Coinbase Pro, you can either withdraw as a fiat currency (as explained above) or send the money to an external wallet using the following steps:

  1. Navigate to the “Portfolios” page
  2. Click on “Withdraw” 
  3. Select which asset you wish to transfer in the dialogue box
  4. Choose to transfer to “Coinbase.com”
  5. Enter the amount you want to send
  6. Enter the other withdrawal details 
  7. Click on “Withdraw”

Once your funds arrive in your Coinbase.com account, follow the instructions outlined in the “How to Withdraw Funds from Coinbase” section above to move funds to your PayPal account, bank account, or another account.

How to Withdraw Crypto from Coinbase Pro

To withdraw cryptocurrency from Coinbase Pro, follow these steps:

  1. Navigate to the “Trade” page
  2. Click the “Withdraw” button 
  3. Select the asset to withdraw in the dialogue box
  4. Choose to transfer to “Crypto Address”
  5. Input the crypto address to transfer the funds to
  6. Input the amount to be transferred
  7. Review the network fees and confirmations
  8. Click ‘Withdraw’ to complete the transaction

After you finalize the transaction, your withdrawn crypto funds will reach your account sometime between a few minutes or a few days, based on the asset and network you chose. 

Coinbase Crypto Withdrawal Fees

Fees for withdrawals vary by crypto type. As of this writing, these are the current Coinbase fees for crypto withdrawals by type:

CryptocurrencyWithdrawal Fee
Euro0.15 EUR
US Dollar25.0 USD
Bitcoin0.00000423 BTC
Ethereum0.002058 ETH
Cardano0.2 ADA
Solana0.000005 SOL
Polkadot0.02 DOT
Dogecoin1.4 DOGE
USD Coin8.015 USDC
Uniswap0.302261 UNI
Avalanche0.005 AVAX
Litecoin0.0000042 LTC
Shiba Inu184712.0 SHIB
Bitcoin Cash0.00000226 BCH
Wrapped Bitcoin0.0001323 WBTC
Chainlink0.17305832 LINK
Stellar0.0 XLM
Polygon4.8 MATIC
Cosmos0.0025 ATOM
Internet Computer0.0 ICP
Axie Infinity0.057 AXS
Dai8.013 DAI
Ethereum Classic0.00042 ETC
Tezos0.00142 XTZ
Algorand0.002 ALGO
Filecoin0.003 FIL
EOS0.0 EOS
Aave0.013 AAVE
Quant0.014 QNT
Maker0.0016 MKR
The Graph5.2 GRT
Dash0.00011879 DASH
OMG Network0.28830993 OMG
Zcash0.0000226 ZEC
Chiliz13.0 CHZ
Sushi0.37 SUSHI
Celo0.0 CELO
Enjin Coin2.56 ENJ
yearn.finance0.000117 YFI
Decentraland6.86070727 MANA
Synthetix Network Token0.464 SNX
Curve DAO Token1.42 CRV
Basic Attention Token7.59388039 BAT
Compound0.013 COMP
Ren4.0 REN
Pound0.0 GBP1.0 GBP
NuCypher3.139488 NU
Bancor0.989693 BNT
Horizen0.0 ZEN
0x5.3793898 ZRX
Paxos Standard+4.01 USDP
UMA0.473 UMA
IoTeX59.0 IOTX
Fetch.AI5.7 FET
Golem+7.96165166 GLM
1INCH1.16 1INCH
Loopring9.0 LRC
Amp83.0 AMP
Livepeer0.142 LPT
Polymath6.0 POLY
Storj3.19 STORJ
Keep network4.8 KEEP
iExec RLC0.92 RLC
Kyber Network2.43087629 KNC
NKN8.3 NKN
COTI8.3 COTI
Civic11.07758891 CVC
Band Protocol0.47 BAND
Origin Protocol6.23 OGN
Augur0.16403551 REP
Enzyme0.031 MLN+
Mirror Protocol1.4 MIR
Numeraire0.092 NMR
Request18.0 REQ
SKALE11.4 SKL
Ankr42.0 ANKR
Orion Protocol0.53 ORN
Alchemy Pay65.0 ACH
Balancer0.18 BAL
DFI.Money0.00105545 YFII
Loom Network51.04243842 LOOM
Ampleforth Governance Token0.234 FORTH
Harvest Finance0.022 FARM
district0x32.26655258 DNT
Tellor0.075 TRB
Quickswap0.01 QUICK
Orchid Protocol8.21948638 OXT
Clover Finance3.3 CLV
BarnBridge0.171 BOND
Rari Governance Token0.134 RGT
Tribe5.0 TRIBE
Braintrust0.43 BTRST

Why Can’t I Withdraw from Coinbase?

If you are unable to sell or withdraw from Coinbase, it could be due to one of a few reasons:

  • There are restrictions in your region
  • You are a new account holder
  • You haven’t completed the verification
  • You have recently made a purchase with a credit card
  • Your account has been flagged for fraud

Depending on which of the above reasons you are unable to withdraw from your Coinbase account, your solution will vary.

Read More About Crypto

Withdrawing from Coinbase Next Steps

There are plenty of reasons to transfer from Coinbase. Maybe you need a cash flow infusion. Maybe you’re interested in diversifying your crypto portfolio. Or maybe you want to check out a Coinbase competitor like Binance. Whatever your reasons, the guides above will help you reach those goals. Just follow the simple steps and you’ll be transferring from your Coinbase account in no time!


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