How to Withdraw From Coinbase and Coinbase Pro: 5 Ways

Updated on January 7, 2024
At a Glance:
  • Coinbase offers two trading platforms (Coinbase and Coinbase Pro) and a standalone cryptocurrency wallet service (Coinbase Wallet).

  • To withdraw funds from Coinbase, you need to convert your crypto to fiat currency, withdraw your fiat balance, or transfer the funds to an external wallet.

  • Adding a payment method to Coinbase is also straightforward, and you can choose from options like bank accounts, PayPal, or credit/debit cards.

  • Withdrawal processes for Coinbase Pro are similar, whether withdrawing as fiat or transferring to an external wallet.
  • Coinbase is a leading platform globally for cryptocurrency transactions. If you’re new to Coinbase and wondering how to withdraw funds, you’re in the right place. Here’s a quick guide on cashing out from your Coinbase account!

    How to Withdraw Funds from Coinbase

    Image describes the 3 ways to withdraw funds from Coinbase.

    As cryptocurrency gains popularity, many users find themselves looking for methods to sell their assets or cash out their funds. Coinbase, as a leading cryptocurrency exchange, provides user-friendly interfaces both on their website and mobile application for cashing-out many popular cryptocurrencies. The process is two steps:

    1. Selling your crypto for cash
    2. Cashing out your funds

    Below are a step-by-step guides on how to cash out on Coinbase using a web browser or Coinbase app.

    1. Cashing Out on Coinbase from a Web Browser

    The first way to cash out your Coinbase funds is to use a web browser. This process takes two steps:

    Step 1: Sell Your Crypto for Cash from a Web Browser

    1. Navigate to the Buy / Sell tab.
    2. Choose the Sell option.
    3. Select the cryptocurrency asset you wish to sell and input the desired amount.
    4. Confirm your choices by clicking Sell [asset].
    5. Complete the sale by clicking Sell Now.

    Step 2: Cash Out Your Crypto from a Web Browser

    1. Head to My Assets.
    2. Select the asset you intend to cash out.
    3. Under the Cash out tab, specify the amount you want to withdraw and click Continue.
    4. Decide on your preferred cash out destination and proceed by clicking Continue.
    5. Finish the cash-out process by clicking Cash out now.

    2. Cashing Out Coinbase from the Coinbase App

    As withe the web browser method, cashing our your Coinbase funds from the app happens in two steps:

    Step 1: Sell Your Crypto for Cash from the Coinbase App

    1. Open the menu from the upper left corner and select Sell.
    2. Choose the cryptocurrency asset you want to sell and input the amount.
    3. Review your order by tapping Review Order and then confirm.
    4. Finalize the sale by tapping Place Order.

    Step 2: Cash Out Your Crypto from the Coinbase App

    1. Access the menu from the upper left corner and choose Cash out.
    2. Define the amount you’d like to cash out and select a transfer destination.
    3. Preview your cash out request with Preview cash out and then confirm.
    4. Conclude the cash-out action by tapping Cash out now.

    3. 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

    Image describes the two options for withdrawing funds from Coinbase Pro.

    There’s always some confusion about the difference between Coinbase and Coinbase Pro. Simply put, these are two different platforms and, therefore, have two different sets of instructions for withdrawing your funds. Below, we’ll explore how to withdraw funds from Coinbase Pro and how to withdraw crypto from Coinbase Pro.

    4. How to Withdraw Funds from Coinbase Pro

    Coinbase Pro is Coinbase’s advanced alternative. While the two have distinct features, their withdrawal processes are alike. To cash out from Coinbase Pro, withdraw in fiat as mentioned earlier or transfer to an external wallet using these 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 “
    5. Enter the amount you want to send
    6. Enter the other withdrawal details
    7. Click on “Withdraw”

    Once your funds arrive in your 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.

    5. 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.

    How Long Does it Take to Withdraw Money from Coinbase?

    The duration for funds to appear in your account post-withdrawal from Coinbase is influenced by multiple factors. Your location and chosen withdrawal method are pivotal in this.

    Quick Overview

    RegionWithdrawal MethodEstimated Duration
    US UsersUS Bank Account1-5 business days (specific date provided on Trade Confirmation page)
    Coinbase USD WalletInstant (for supported states)
    European UsersSEPA Transfer1-2 business days
    Wire WithdrawalUsually 1 day
    UK UsersGBP Bank TransferUsually 1 day
    Canadian UsersStandard ProcedureSimilar to US
    PayPal (General)Cryptocurrency Sales/WithdrawalAvailable for US, Europe, UK, and Canada. Check PayPal FAQ for regional specifics.

    For US Users

    Typically, funds reach within 1-5 business days for those cashing out USD to a US bank account, depending on the payout option. Before confirming, the expected delivery date is provided on the Trade Confirmation page. To monitor the fund’s arrival, check your History page. For those in states that support the Coinbase USD Wallet, transfers into this wallet are instantaneous.

    For European Users

    With your local currency in your Coinbase account, both purchases and sales are immediate. SEPA transfers for cash withdrawals might necessitate a 1-2 business day wait. Wire withdrawals are usually quicker, taking about a day.

    For UK Users

    Having your local currency in your Coinbase account ensures instant transactions. However, GBP bank transfers to your bank account usually require a day.

    For Canadian Users

    The procedure mirrors that of the US, with the added advantage of using PayPal for immediate cryptocurrency sales and Coinbase withdrawals.

    Using PayPal for Sales or Withdrawals

    Users from the US, Europe, UK, and Canada can opt to withdraw or sell cryptocurrencies via PayPal. For specifics on regional transactions and any restrictions, it’s best to consult the PayPal FAQ.

    What Are Instant Cashouts?

    Instant cashouts allow you to access your funds immediately, at any time, any day.

    For residents of the US, UK, or EU with a linked bank account or a Visa Fast Funds-enabled credit or debit card, instant cashouts directly to your card are now available.

    Additionally, if you’re based in the United States, you might have the option to swiftly transfer funds from your USD wallets directly to a US bank account that supports Real Time Payments (RTP).

    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.

    Can I View My Deposit and Withdraw History?

    Certainly. Access your completed deposits and withdrawals on the ‘Portfolios’ page, found in the trading view’s upper right corner. This page provides lists of both pending and previous transactions.

    Does Coinbase Have Withdrawal Limits?

    While there’s no limit to how much crypto you can sell to your Coinbase fiat wallet, your withdrawal capabilities are influenced by the payment method and available balance. U.S. customers need a positive available balance to proceed with withdrawals.

    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:

    Currency/TokenDeposit FeeWithdrawal Fee
    Euro0.15 EUR0.15 EUR
    US Dollar10.0 USD25.0 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

    Read More About Crypto

    Final Thoughts

    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!

    FAQs on Coinbase and Withdrawal Processes

    Below, you will find some common and related questions about the Coinbase withdrawal process.

    What is Coinbase?

    Coinbase was established in 2012 initially for sending and receiving Bitcoin. Over the years, it has grown to support multiple cryptocurrencies and serves users in over 100 countries. The company operates two distinct trading platforms: Coinbase and Coinbase Pro, along with a dedicated cryptocurrency wallet service, Coinbase Wallet.

    How can I avoid withdrawal fees on Coinbase?

    It’s challenging to completely avoid withdrawal fees, but using Coinbase Pro for trading and transferring can result in lower fees than the standard Coinbase platform. Additionally, transferring crypto to another Coinbase user is typically free.

    What is the fee for withdrawing USD from Coinbase?

    The withdrawal fee varies based on your region and the payment method. As of the last update, U.S. bank withdrawals might incur a $10 fee, but always refer to Coinbase’s official fee structure for the most current information.

    Why are Coinbase fees so high?

    Coinbase offers a user-friendly platform with enhanced security features, appealing to beginners. The fees fund this infrastructure. Additionally, convenience often comes at a price in many exchanges.

    How much is the withdrawal fee for cryptocurrency?

    This fee is contingent on the cryptocurrency network’s current congestion and transaction fees. Always check the specific crypto’s network fee before initiating a withdrawal.

    Does Coinbase charge a fee when cashing out?

    Yes. When you sell your cryptocurrency on Coinbase and cash out to a fiat currency, there is a fee. The exact amount depends on the transaction size and region.

    How can I withdraw my money from Coinbase?

    To initiate a withdrawal, go to the “Send/Receive” section on Coinbase, specify the amount, choose the desired withdrawal method (e.g., to a bank account), and follow the prompts.

    Can you cash out Coinbase to the bank?

    Yes. First, transfer cryptocurrency to your linked Coinbase account, then convert the coins and receive cash into your bank account.

    Can I cash out Coinbase instantly?

    For U.S. customers with instant payouts, Coinbase allows for the direct cashing out of digital capital to RTP-enabled bank accounts.

    How do I cash out cryptocurrency on Coinbase?

    Navigate to the “Buy/Sell” tab, select the cryptocurrency you wish to sell, input the amount, confirm the details, and complete the sale. After selling, you can withdraw the fiat amount to your linked bank account.

    Why can’t I cash out of Coinbase?

    Various reasons might be at play, including account verification issues, bank/card restrictions, or regional regulations. Contacting Coinbase support or their help center will provide more clarity regarding your specific situation.

    Does Coinbase report transactions to the IRS?

    Yes. Coinbase must report certain transactions to the IRS. U.S. customers hitting specific trading volume or gains thresholds will receive an IRS Form 1099-K.

    What is an available balance?

    Your available balance indicates the funds you can instantly cash out or transfer from your Coinbase account. This balance can fluctuate based on factors like transaction history, network transaction fees, and other charges.

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    Frank Gogol

    I’m a firm believer that information is the key to financial freedom. On the Stilt Blog, I write about the complex topics — like finance, immigration, and technology — to help immigrants make the most of their lives in the U.S. Our content and brand have been featured in Forbes, TechCrunch, VentureBeat, and more.

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