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.
See all posts Frank GogolHow to Withdraw From Coinbase and Coinbase Pro: 5 Ways
Updated on January 7, 2024
Written by
Written by
Reviewed by
Rohit Mittal
Reviewed by
Rohit Mittal
Rohit Mittal is the co-founder and CEO of Stilt. Rohit has extensive experience in credit risk analytics and data science. He spent years building credit risk and fraud models for top U.S. banks. In his current role, he defines the overall business strategy, leads debt and capital fundraising efforts, leads product development, and leads other customer-related aspects for the company. Stilt is backed by Y Combinator and has raised a total of $275M in debt and equity funding to date.
See all posts Rohit Mittal
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
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:
- Selling your crypto for cash
- 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
- Navigate to the Buy / Sell tab.
- Choose the Sell option.
- Select the cryptocurrency asset you wish to sell and input the desired amount.
- Confirm your choices by clicking Sell [asset].
- Complete the sale by clicking Sell Now.
Step 2: Cash Out Your Crypto from a Web Browser
- Head to My Assets.
- Select the asset you intend to cash out.
- Under the Cash out tab, specify the amount you want to withdraw and click Continue.
- Decide on your preferred cash out destination and proceed by clicking Continue.
- 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
- Open the menu from the upper left corner and select Sell.
- Choose the cryptocurrency asset you want to sell and input the amount.
- Review your order by tapping Review Order and then confirm.
- Finalize the sale by tapping Place Order.
Step 2: Cash Out Your Crypto from the Coinbase App
- Access the menu from the upper left corner and choose Cash out.
- Define the amount you’d like to cash out and select a transfer destination.
- Preview your cash out request with Preview cash out and then confirm.
- 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:
- Click the “Buy/Sell” button at the top-right of the page
- Trade for or buy the crypto you want to withdraw
- Navigate to the “Send/Receive” page
- Input the amount and asset you to withdraw in the dialogue box
- Add an email address in the “Address” field (free); or
- Add a crypto address in the “Address” field (will have fees)
- Choose the asset you wish to withdraw
- Click on “Continue” and
- Confirm or edit your transaction details
- 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
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:
- Navigate to the “Portfolios” page
- Click on “Withdraw”
- Select which asset you wish to transfer in the dialogue box
- Choose to transfer to “Coinbase.com”
- Enter the amount you want to send
- Enter the other withdrawal details
- 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.
5. How to Withdraw Crypto from Coinbase Pro
To withdraw cryptocurrency from Coinbase Pro, follow these steps:
- Navigate to the “Trade” page
- Click the “Withdraw” button
- Select the asset to withdraw in the dialogue box
- Choose to transfer to “Crypto Address”
- Input the crypto address to transfer the funds to
- Input the amount to be transferred
- Review the network fees and confirmations
- 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
| Region | Withdrawal Method | Estimated Duration |
|---|---|---|
| US Users | US Bank Account | 1-5 business days (specific date provided on Trade Confirmation page) |
| Coinbase USD Wallet | Instant (for supported states) | |
| European Users | SEPA Transfer | 1-2 business days |
| Wire Withdrawal | Usually 1 day | |
| UK Users | GBP Bank Transfer | Usually 1 day |
| Canadian Users | Standard Procedure | Similar to US |
| PayPal | Instant | |
| PayPal (General) | Cryptocurrency Sales/Withdrawal | Available 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/Token | Deposit Fee | Withdrawal Fee |
|---|---|---|
| Euro | 0.15 EUR | 0.15 EUR |
| US Dollar | 10.0 USD | 25.0 USD |
| Bitcoin | – | 0.00000423 BTC |
| Ethereum | – | 0.002058 ETH |
| Cardano | – | 0.2 ADA |
| Solana | – | 0.000005 SOL |
| Polkadot | – | 0.02 DOT |
| Dogecoin | – | 1.4 DOGE |
| USD Coin | – | 8.015 USDC |
| Uniswap | – | 0.302261 UNI |
| Avalanche | – | 0.005 AVAX |
| Litecoin | – | 0.0000042 LTC |
| Shiba Inu | – | 184712.0 SHIB |
| Bitcoin Cash | – | 0.00000226 BCH |
| Wrapped Bitcoin | – | 0.0001323 WBTC |
| Chainlink | – | 0.17305832 LINK |
| Stellar | – | 0.0 XLM |
| Polygon | – | 4.8 MATIC |
| Cosmos | – | 0.0025 ATOM |
| Internet Computer | – | 0.0 ICP |
| Axie Infinity | – | 0.057 AXS |
| Dai | – | 8.013 DAI |
| Ethereum Classic | – | 0.00042 ETC |
| Tezos | – | 0.00142 XTZ |
| Algorand | – | 0.002 ALGO |
| Filecoin | – | 0.003 FIL |
| EOS | – | 0.0 EOS |
| Aave | – | 0.013 AAVE |
| Quant | – | 0.014 QNT |
| Maker | – | 0.0016 MKR |
| The Graph | – | 5.2 GRT |
| Dash | – | 0.00011879 DASH |
| OMG Network | – | 0.28830993 OMG |
| Zcash | – | 0.0000226 ZEC |
| Chiliz | – | 13.0 CHZ |
| Sushi | – | 0.37 SUSHI |
| Celo | – | 0.0 CELO |
| Enjin Coin | – | 2.56 ENJ |
| yearn.finance | – | 0.000117 YFI |
| Decentraland | – | 6.86070727 MANA |
Read More About Crypto
- How to Make Money with Cryptocurrency
- How to Withdraw from Binance
- How to Transfer From Coinbase to Coinbase Pro
- How to Transfer from Coinbase to Binance
- How Does Cryptocurrency Gain Value?
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.
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.