How to Withdraw Money from Coinbase Wallet: A Complete Guide

Coinbase Wallet is a decentralized, self-custody wallet that allows users to store and manage their cryptocurrencies. However, it does not support direct fiat withdrawals. To cash out your funds, you must first transfer them to a crypto exchange, such as Coinbase, and then withdraw them to your bank or another payment method. Here’s a simple guide on how to do it.

Step 1: Transfer Funds from Coinbase Wallet to Coinbase Exchange

1. Open Coinbase Wallet – Launch the mobile app or browser extension.
2. Select the Crypto You Want to Withdraw – Tap on the asset you wish to transfer.
3. Tap "Send" – Enter the recipient address, which should be your Coinbase exchange wallet address.

• To find your Coinbase wallet address:
• Open the Coinbase app or log in to Coinbase.com.
• Go to “Assets” and select the cryptocurrency you want to receive.
• Tap “Receive” and copy the wallet address.

1. Enter the Amount – Specify how much crypto you want to transfer.
2. Confirm the Transaction – Double-check the details and approve the transfer.

The transfer time depends on the network congestion but usually takes a few minutes.

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Step 2: Sell Crypto for Fiat on Coinbase

1. Log in to Your Coinbase Exchange Account.
2. Navigate to the “Trade” or “Sell” Section.
3. Choose the Crypto You Transferred.
4. Sell It for Your Preferred Fiat Currency (USD, EUR, etc.).
5. Confirm the Transaction.

After the sale, your fiat balance will be available in your Coinbase account.

Step 3: Withdraw Fiat to Your Bank or Payment Method

1. Go to the “Assets” or “Portfolio” Section.
2. Select Your Fiat Balance.
3. Tap “Withdraw” or “Cash Out.”
4. Choose a Linked Bank Account or Payment Method.
5. Enter the Withdrawal Amount and Confirm.

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Withdrawal Processing Times & Fees

• Standard Bank Transfers: 1-5 business days.
• Instant Cashouts (if supported in your region): Immediate but with higher fees.
• Fees: Vary based on your withdrawal method.

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Final Thoughts

Withdrawing money from Coinbase Wallet requires an extra step of transferring funds to the Coinbase exchange first. If you run into any issues, you can contact Coinbase support.

For any Coinbase-related assistance, call 1- 844-311-2583 for expert support.

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