Withdrawal of funds from Coinbase crypto exchange

To withdraw your funds from Coinbasefirst you have to sell the coins for fiat, and then transfer the assets to your bank. You can do this only on the company’s website coinbase.com. In the mobile app you can sell cryptocurrencybut there is no possibility to transfer it to the bank yet. There are no restrictions on the amount of cryptocurrency that can be sold for cash. To sell the currency for cash, you need:

• Click Buy/Sell.
• On the “Sell” tab, select an asset and enter the amount.
• Click “Sell – Sell Now” to complete the transaction. As soon as the process is completed, the money will appear on the fiat balance (USD Wallet or other).

Before you can withdraw this money, you must link the payment method to the account. To do this, the user must do the following:

• Select the balance in “Assets”.
• On the “Withdrawal” page, enter the amount and click “Continue”.
• Select the destination for the withdrawal and click “Continue” again.
• Click “Cash now” to complete the transfer.

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Bank account

From the balance. crypto exchanges Coinbase you can withdraw funds to your account in EUR. To do this, you must first add fiat to the Coinbase wallet in EUR via SEPA. To withdraw assets from the balance on the exchange, you have to do the following:

• Go to your profile and select EUR wallet.
• Click the “Output” button.
• Confirm the information if necessary.
• Confirm the conclusion.

Withdrawals take 1-3 days. To avoid losses due to exchange rates, make sure that the account to which the assets will be sent is denominated in EUR. It is also possible to withdraw assets to a bank account in GBP. Before you withdraw money, you will need to make a test transaction to add fiat to the exchange balance from the account. To withdraw GBP you need to:

• Go to “Portfolio” in the menu at the top of the page.
• Select “Withdraw” in the GBP Wallet.
• Select the account to which the money will be transferred and enter the amount. Confirm the withdrawal.

Bank card

Withdrawal is also available to the card. You can do this for the balance in euros. To do this in Coinbase wallet you need to find the balance in EUR, click on “Withdraw” and select the associated card.

Instant Payouts

Instant Card Instant Payout gives you the ability to receive assets in one minute, around the clock. The option is available to US and European users who have a linked bank account or Visa with Fast Funds or MasterCard Send support. To instantly withdraw assets from a wallet in GBP, EUR or USD, you need:

• In the wallet from which the funds will be withdrawn, select Cash Out.
• Specify the linked card from the menu as the output option.

In most cases, withdrawals are made within 30 minutes, but processing can take up to 24 hours. For U.S. residents, transactions are processed within 1 minute, but in some cases they are also credited up to 24 hours. Transaction fees for Europe are up to 2% of any transaction and £0.55 or Euro. For US customers, fees are up to 1.5% on any transaction + 0.55 USD if the deposit amount does not exceed 10,000 USD.

If more is withdrawn, a fixed fee of $150 is charged. The minimum amount must exceed a fee of 0.55 GBP, USD or EUR. Coinbase has no restrictions on such card withdrawals in EUR and GBP, but the card may have them. As for dollars, you cannot withdraw more than $100,000 at a time.

PayPal

Users can use the payment system PayPalto withdraw funds. For U.S. users, this method also allows them to deposit and buy cryptocurrency. To link your PayPal account to your account at the exchange, you need to go through identity verification. In the account settings, go to “Payment methods – Linking account” and select PayPal. If the e-mail used when registering in PayPal, does not coincide with the one, which was used when creating the account at Coinbase, you’ll have to pass the two-factor authentication. You can also disable the PayPal method in the same section of the cabinet. For withdrawals in GBP and EUR Coinbase exchange provided such limits:

• For the operation – 7,500 EUR and 6,500 pounds sterling.
• Daily – 20,000 EUR or GBP.
• For transactions in U.S. dollars there are other limits:
• For withdrawal – 25,000 USD in 24 hours and 10,000 USD per transaction.
• For a purchase or top-up – 1,000 USD per 24 hours and per transaction.

Timeline

The time in which the funds will be withdrawn or the cryptocurrency sold depends on the payment method and the location of the trader. When an order is placed to sell or withdraw USD to an account in America, the money is received in 1-5 business days (depends on the method of withdrawal of assets). The user can see when the receipt is possible in the history section. All transactions on Coinbase in GBP and EUR are instant. Withdrawal of EUR to bank account via SEPA takes no more than 1-2 business days. Withdrawal via transfer takes 1 day.