How To Withdraw Money From Coinbase
In this article, we will be talking about how to withdraw money from Coinbase, and how to withdraw money from other platforms to Coinbase, including how much it costs to withdraw money from Coinbase.
Coinbase is a very popular cryptocurrency exchange platform that enables users to buy, sell and manage different cryptocurrencies. Users can create an account on Coinbase to store their cryptocurrency, and it supports varieties of digital assets like Bitcoin(BTC), Litecoin (LTE), Ripple (XRP), Ethereum (ETH), etc. And it also provides educational resources for people who are new to crypto.
In order to buy or sell crypto on Coinbase, the users will have to link their debit or credit card to the platform, thereby making it easy to convert traditional currency into digital assets and vice versa.
How To Withdraw Money From Coinbase
- First, log in to your Coinbase account.
- Go to the portfolio section, where you will see all your assets.
- Select the fiat currency you want to withdraw or the cryptocurrency you want to withdraw.
- Look for the “send” or “withdraw” option and click on it.
- Then enter your linked bank account details to withdraw fiat currency or enter the recipient wallet address for cryptocurrency withdrawal. And then enter the amount you want to withdraw. Cross-check the information you inputted well.
- Coinbase might ask for two-factor authentication or other security measures. Follow the process to confirm.
- Then check your email for a confirmation code or any link, and enter the code on Coinbase to complete the transaction process.
- Then wait as the withdrawal process begins.
Note that cryptocurrency withdrawals will process faster than fiat currency withdrawals.
How Much Does It Cost To Withdraw Money From Coinbase?
Coinbase does charge a fee for withdrawing money from your Coinbase account. Many do wonder how much it costs to withdraw money from Coinbase. Well, this can vary depending on your location, the payment method used, and the type of asset you are withdrawing.
If you are withdrawing USD from a US account via ACH transfer, the cost is really low, or they might not charge a fee, but if you choose a wire transfer method for withdrawal, Coinbase will charge a fee, and there might also be an additional fee from your bank.
Your account verification level can also affect the Coinbase withdrawal fee; a fully verified account will likely enjoy a lower fee. Also, the more you use Coinbase, the higher your transaction limit becomes, and you will likely get a lower fee as a result of that.
Frequently Asked Questions:
How To Withdraw From Binance To Coinbase
When withdrawing from Binance to Coinbase, you need to be very careful, because if you transfer to wrong address, these exchange platforms cannot be able to retrieve it for you. And before you withdraw from Binance, make sure that the crypto you want to transfer is supported on Coinbase.
The following are steps to follow in withdrawing from Binance to Coinbase;
- Login to your Coinbase account.
- On the Coinbase wallet, select the coin you want to deposit and look for the option to “receive” or “deposit”. Then copy the deposit’s address and paste it on your note.
- Then login to your binance account.
- On the Binance dashboard, locate the “withdrawal” option and click on it. A window will open, and you can then select the coin you want to withdraw from Binance to Coinbase.
- And make sure the coin you choose to withdraw on Binance is the same as the one you copied its address on Coinbase.
- Then, in the recipient section, put the deposit address you copied and add the amount.
- Complete any security measures, and after verifying your information, submit the withdrawal request.
- Check your email for any confirmation link and click on it, then wait for your request to be processed.
How To Withdraw from the Coin Market Cap
Just so you know, you cannot withdraw from the coin market cap because it’s not an exchange platform.
Coin Market Cap is a website that tracks various cryptocurrencies and provides information about them and their market performances. So, it does not offer a wallet to buy or sell crypto.
To withdraw funds, you will need to use a cryptocurrency exchange platform.
Leave a Comment