Coinbase is being used by users across the globe and many people have trusted their money with this crypto exchange. However, being a new user, you may not be well-equipped with the knowledge to use each function available on its user interface. Therefore, to help you with one of the most relevant topics, we have given the guidelines on how to withdraw money or cash out from Coinbase.
If this is the thing that you want to learn about, then this is the right place you have landed on. Here, we’ll be guiding you through the complete process to withdraw money from Coinbase along with the extensive details on withdrawal limits, and other related topics. So, with no more delay, let’s get right into the topic.
What is the Coinbase minimum withdrawal limit?
If you want to withdraw fiat currency or cryptocurrency from your Coinbase Pro account, then you should know that there is a minimum withdrawal limit set for the same. One can easily withdraw cryptos worth $50,000 in a single day. If you want to withdraw more than that, you’ll have to wait for another day to complete the withdrawal.
How long does it take to withdraw money from Coinbase?
If you process an instant cashout from the Coinbase or Coinbase Pro account, then it only takes a minute to get the transaction completed. However, Coinbase may not be always free from technical glitches and you may have to wait for a day to get the transaction completed. So, if you ever withdraw money from your Coinbase account, then you should be ready to wait for 24 hours. Meanwhile, if everything works fine, then the transaction shall be completed within 60 seconds.
Can I withdraw cash from Coinbase immediately?
If you are a resident of the United States and you want to withdraw money or cash out from Coinbase at an instant speed, then you can do the same only via Real-Time Payments (RTP) enabled US bank accounts. In addition to this, you can also use the “Accelerate withdrawal” option to speed up your transaction. You can find this button located in the “History” section of your account and choose the transaction that you with speed up. After this, you have to click on the “Actions” menu and then choose the option written as the “Accelerate withdrawal” option.
How to withdraw money from Coinbase to PayPal?
To undergo Coinbase withdrawal to PayPal, you need to select “PayPal” as the payment method of your Coinbase account. For this, you can follow the steps that are listed below:
- Click on the “Settings” menu of your Coinbase account
- After this, you need to click on the “Payment methods”
- Followed by this, click on the “Link a new account” option
- From the listed options, you can select “PayPal”
Why can’t I withdraw money from Coinbase?
If you have recently deposited funds from your bank account to your Coinbase account, then you should note that you may not be able to make withdrawals done through this payment option. Coinbase calls this “withdrawal availability” which gets impacted in different scenarios. However, purchases made through debit cards and wire transfers do not affect this availability. Apart from this, if some funds in your account are on hold, then you should note that these funds cannot be withdrawn until you take the necessary actions to get the hold lifted. After taking the necessary actions, you will be able to withdraw money or cashout from Coinbase.
How do I withdraw money from Coinbase pro to a bank account?
To cash out funds from your Coinbase Pro account to your bank account, you can follow the steps that are listed below:
- To begin the procedure, you can go ahead with logging into Coinbase
- After this, you can click on the available balance present under “Assets”
- Now, navigate to the “Cash Out” tab and enter a preferable amount
- Once you do that, click on the “Continue” option
- Choose your bank account as the withdrawal destination
- Click the “Continue” option and then select “Cash out now”
What is the Coinbase Cash out fee?
After learning how to withdraw money or cash out from Coinbase, if you are interested to know the fee that you will be charged for the same, then you need to note that you will be charged 1.5% of the transacted amount. However, the minimum amount you can withdraw from your account is $0.55.
Read – How to change coinbase password or reset it?
The detailed read given above has complete details on how to withdraw money or cash out from a Coinbase account. If you still have any confusion about the same, then you can navigate to its official website and learn more about the same. We hope, we were able to guide you through the complete process to withdraw as well as cash-out money from your Coinbase account. We have also given you an idea of the withdrawal fee and why you may not be able to complete the withdrawal.