Introduction
Coinbase is a trusted international crypto-exchange that facilitates buying and selling crypto assets, supports fiat-to-crypto and crypto-to-crypto exchange, and features an in-built digital wallet. It also offers secure cold storage, insurance coverage for cryptos, and beginner-friendly trading tools, among other things. Before the withdrawal process, check fee details along with its detailed review information here by clicking this link – https://www.cryptonewsz.com/cryptocurrency-exchange/coinbase-review/
The US-based exchange lists the most popular cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin. While making deposits is pretty easy, withdrawing funds is a bit tricky for users from the US, UK, and Europe. In this post, we will look at the Coinbase withdrawal process and quick trading tips.
Steps to Withdraw Money From Coinbase
Withdrawal of funds to a bank account requires selling unlimited cryptos directly into the exchange’s fiat wallet and then converting them back into the local fiat currency.
Withdrawing Dollars (USD) From Coinbase to a US Bank Account
Step – 1: Login into the Coinbase account on the web or mobile app
Step – 2: Navigate to the Buy/Sell tab on the trading interface
Step – 3: Click on the Sell button in the fiat (USD) wallet
Step – 4: Pick from the list of cryptos
Step – 5: Enter the desired amount
Step – 6: Get a preview of the cryptos
Step – 7: Select Sell Now to proceed with the transaction
Step – 8: Wait for the holding period to end before withdrawing money
Withdrawing Pounds (GBP) From Coinbase to a UK Bank Account
Step – 1: Deposit pounds to the Coinbase trading account
Step – 2: Navigate the Portfolio button on the trading interface
Step – 3: Click on the Withdraw tab in the fiat (GBP) wallet
Step – 4: Choose your UK bank account type.
Step – 5: Enter the desired amount.
Step – 6: Confirm the transaction
Withdrawing Pounds From Coinbase to a UK Bank Card
Step – 1: Sell cryptos in the GBP wallet
Step – 2: Click on the Withdraw button in the GBP wallet
Step – 3: Choose the bank card linked with the Coinbase account
Step – 4: Confirm the transaction
Withdrawing Euros (EUR) From Coinbase to a European Bank Account
Step – 1: Confirm that the bank account supports SEPA transfers
Step – 2: Provide Coinbase account identification details and phone number
Step – 3: Submit European bank account details for SEPA verification
Step – 4: Sell cryptos and convert them into euros
Step – 5: Deposit at least six Euros in the fiat (EUR) wallet using SEPA transfer
Step – 6: Navigate the Portfolio tab on the trading interface
Step – 7: Click on the Withdraw button in the EUR wallet
Step – 8: Provide the bank account details if requested.
Step – 9: Confirm the transaction
Start Trading On Coinbase
- Sign up with Coinbase
- Create a digital wallet
- Link bank account or cards
- Follow KYC procedure
- Register phone number
- Set up the two-factor authentication
- Choose a bank account over other payment methods
- Input all payment types and a photo ID to increase limits on buying and selling
- Choose whole or a fraction of crypto coins
- Review the coin trade information
- Enter any amount from local currency
- Start trading or sending cryptos
- Trading might incur a flat or percentage fee
The Takeaway
According to a recent Coinbase review, it has become popular for being one of the most convenient crypto trading platforms. However, there are a few things to keep in mind when it comes to making withdrawals. Since the exchange is accessible in more than 100 countries, it provides various withdrawal options for users in every corner of the world.
