How to Withdraw Money From Coinbase in Simple Steps
Over the past few years, investment in cryptocurrency has surged and millions of people are keen to invest in virtual assets to get a better return. A Plethora of sites are available on the web to deal with cryptocurrencies and Coinbase is the most preferred platform for buying, trading, and cashing of crypto. In addition, Coinbase enables users to cash out their crypto easily by just adding their Debit card account on it.
Still, many users are pretty unaware of how to withdraw money from coinbase. No need to be worried, we are here to guide you on every aspect of it. Continue reading it.
What is Coinbase
Coinbase is one of the most popular, cryptocurrency exchanges that enables you to purchase, sell, and store cryptocurrencies for using it for online purchases or for any other purposes.
With a very intuitive and easy user interface, Coinbase has become the best platform for trading all types of cryptocurrencies. A very user-friendly, interface of Coinbase makes it easy to navigate whether you are a beginner or experienced in dealing with crypto. It works best either on the web or on mobile applications.
How to Withdraw funds from Coinbase
Having an intuitive user interface coinbase withdrawals is pretty tricky. So you need to follow the steps to withdraw cash from Coinbase.
There are two ways to cash out from Coinbase
- Crypto to Fiat Conversion
First of all, you need to convert your Crypto to Fiat currencies like USD,or EUR. Here is how
- All you need to do is to log in on your Coinbase Account.
- Here, you need to click on the “Trade” button on the navigation bar, or
- You can click on “Buy/sell” at the top right corner of your screen.
- Enter the amount, you wish to trade for the fiat in the given box.
- Now navigate to the “Sell” tab located at the top of the screen.
- Again enter the amount you want to convert to fiat
- Choose the “Crypto asset” whose balance you want to convert.
- After that pick the “Fiat currency” that you wish to cash
Once done, click on “Preview sell” and confirm transaction details. A screen displaying the amount of fiat that you will receive and the fees they will charge you.
- Withdraw Your Fiat Balance
After performing the above steps, you have fiat in your wallet, now cash out coinbase follow the steps.
- Open the Coinbase and navigate to the “Portfolio” page
- Click on the “Your Assets” page to find the fiat balance you converted and select it
- Back to the “Your Assets” page
- Click on the “Withdraw” tab
- Here, you need to enter the amount you want to withdraw.
- Tap on “Withdraw all”
- Finally hit the “Withdraw” button to confirm the withdrawal.
- Pick your preferred payment option.
- Click on “Continue”
- Confirm your transaction details.
- Click “Withdraw Now”.
Once done, the transaction process will proceed and you may be charged a fee relying on the currency you have picked to cash out.
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