Payment Services

How To Transfer Money From Coinbase To Bank Account and Vice Versa?

Coinbase exchange platform is run by an American firm with no formal physical headquarters. It was launched in 2012 as one of the biggest crypto currency exchange in the U. S. Owing to its huge success people often inquire about how to transfer money from Coinbase to bank account so they can make versatile use of the funds.

What Will We Talk About Here?
  • Coinbase is an online exchange where you may buy, sell, transfer, and store digital currency in a safe and secure environment.
  • You can transfer money from Coinbase to bank account through web browser by Assets > Cash balance > Amount > Continue > Bank location > Cash out.
  • You can perform the same task through Coinbase app by Cash out > Preview cash > Bank account details > Confirm cash-out.

…and Much More!

How To Transfer Money From Coinbase To Bank Account

You can easily transfer funds from Coinbase to bank account. In fact, it is possible to do so through web browser as well as the app. To keep things simple, we have outlined both the protocols below.

Using The Web Browser

  1. Select your cash balance from the Assets section of a web browser.
  2. Enter the amount you would like to withdraw on the Cash out tab, and then click Continue.
  3. Then click Continue after selecting your cash-out location or the bank.
  4. To finalize your transfer, click Cash out Now.

Through Coinbase App

  1. Select Cash-out from the primary options.
  2. Tap Preview cash out after entering the amount you would like to withdraw and selecting your transfer destination or the bank account details.
  3. To finish, tap Cash out now.
Note! You will be required to wait for a brief amount of time before you can withdraw the proceeds. You can still sell an unlimited quantity of Bitcoin at any time at any market price regardless of the waiting period.

Can You Transfer Funds From A Bank Account To Coinbase Wallet? 

Reversing the procedure that we talked about above, yes, it is possible to transfer the funds from a bank account to your crypto wallet. Here’s what you need to do.

  1. Connect your bank account to Coinbase.
  2. You can now start an ACH transfer simply making a deposit i.e. moving money from your bank account to your Coinbase USD wallet These funds can be used to buy and sell on Coinbase right away.
  3. It’s possible that this cash won’t be available for withdrawal from Coinbase right at the moment or be available to send to Coinbase Pro.
  4. Check Available to send off Coinbase online or Available to withdraw on the smartphone before confirming your order.
Attention! Your deposited cash or acquired crypto should be available in your Coinbase Digital Wallet as soon as your transaction is validated. Immediately after your purchase, you can buy, sell, or trade on Coinbase.

Debit card purchases and direct bank transfers to your Coinbase USD wallet do not affect your withdrawal availability. If your account is free of constraints, you can use these ways to buy crypto and move it through Coinbase.

Extra Reading

Coinbase Withdrawal To Bank Account Fee and Limits

What To Do If I Am Unable To Cash Out Coinbase?

How To Set Up a New Coinbase Account

Tips For Using Coinbase Account

The Bottom Line 

Coinbase is an online exchange where you may buy, sell, transfer, and store digital currency in a safe and secure environment.

It establishes a global open financial system and is the main global brand for converting digital currency into and out of local currencies. You can even transfer your virtual card money to your bank account with ease!

Frequently Asked Questions 

How to withdraw money from Coinbase wallet?

Open the mobile app and select My Assets. Then tap on the Cash Out option. Enter the amount you want to withdraw. Select Cash Out again and choose the location. Review your transfer and confirm.

Can I deposit funds into my bitcoin wallet from my bank account?

Because the wallet only accepts BTC and BCH, not government currencies or other crypto currencies, you cannot transfer money straight from your bank into the wallet.

Can I withdraw bitcoin to bank account?

In order to transfer bitcoin to bank account, you have to sell the bitcoin on a crypto exchange for fiat currency. Then you must like the bank account the specific exchange, complete verification, and withdraw the fiat cash to your bank.

Is linking my bank account to Coinbase a secure process?

Is it secure to use Coinbase to add a bank account? It is, in fact, secure. When you wish to buy Bitcoin or deposit USD to your bank account, Coinbase simply uses your bank account.

What is the most convenient way to make a Coinbase payment?

Debit cards are ideal for making rapid purchases of small sums. Any crypto currency purchased with a debit card will be automatically sent to your account, which is ideal if you want to exchange it for another crypto currency soon. However, compared to other payment methods, debit cards have substantially lower purchase restrictions.

What is the time frame for linking a bank account to Coinbase?

When you pay with your bank account, Coinbase employs the ACH bank transfer method. The ACH bank transfer option usually takes 3-5 business days to complete after you’ve started a purchase.

How to cash out USDC on Coinbase?

You have to sign in your account and select My Assets. Then choose the local currency balance and tap Cash Out tab. Enter the amount you want to cash out and select the cash out destination. You can review the transfer before confirmation.