Coinbase has become one of the most trusted cryptocurrency exchanges worldwide, allowing users to buy, sell, store, and transfer digital assets securely. However, many users often ask the same question: “ How do I transfer money from Coinbase Wallet to my bank ?” Whether you are cashing out Bitcoin (BTC), USDC (USD Coin), or Solana (SOL), the process requires precision and understanding of Coinbase's withdrawal methods, fees, and transfer times. Understanding Coinbase Wallet vs. Coinbase Exchange Before initiating a withdrawal, it is essential to understand the difference: • Coinbase Wallet – A self-custody wallet that gives you complete control of your private keys and digital assets. You can send, receive, and store cryptocurrencies securely. • Coinbase Exchange (Coinbase App) – The trading platform where you buy/sell cryptocurrencies and link your bank accounts or debit cards for withdrawals. ???? To transfer money to your bank, you must first move your crypto from Coinbase Wallet to Coinbase Exchange. Once the funds are in the exchange, you can cash out directly to your bank account. Step-by-Step Guide to Transfer Money from Coinbase Wallet to Bank 1. Open your Coinbase Wallet app. 2. Select the cryptocurrency you want to transfer (Bitcoin, USDC, Solana, etc.). 3. Click Send and enter your Coinbase Exchange wallet address. 4. Confirm the network (eg, ERC-20 for USDC, Solana network for SOL, Bitcoin network for BTC). 5. Pay the network transaction fee and confirm the transfer. Tip: Double-check the wallet address to avoid permanent loss of funds. 2. Convert Your Crypto to Fiat Currency (USD, EUR, GBP, etc.) Once the crypto reaches your Coinbase Exchange account: 1. Log into your Coinbase App or website. 2. Navigate to the Trade section. 3. Select Sell and choose the cryptocurrency you transferred. 4. Convert your crypto into fiat currency (USD, EUR, GBP, etc.). 3. Withdraw Money to Your Bank Account 1. Go to Assets → Cash Balance. 2. Select Cash Out. 3. Choose your linked bank account. 4. Enter the amount you want to withdraw. 5. Confirm the withdrawal. Funds will be sent to your bank using either: • Instant Cash Out (Debit Card) – Money arrives in minutes (fees apply). • Standard Bank Transfer (ACH/SEPA) – Free or minimal fees, but takes 1–5 business days. Withdrawing Bitcoin (BTC) requires first transferring it to your Coinbase Exchange account. After conversion: • Sell BTC for USD, EUR, or GBP. • Use the Cash Out feature to transfer to your linked bank. • Instant withdrawals are possible with eligible debit cards. USDC is a stablecoin pegged 1:1 with the US Dollar, making it easy to withdraw: 1. Send USDC from Wallet to Coinbase Exchange. 2. Sell USDC for fiat currency (eg, USD). 3. Withdraw to your bank account. Advantage: Since USDC is stable, you avoid volatility risks while waiting for withdrawals. If you hold Solana (SOL): 1. Transfer SOL from Coinbase Wallet → Coinbase Exchange. 2. Sell SOL for USD/EUR/GBP. 3. Withdraw funds directly to your bank account. • Instant Cash Out (via Debit Card/PayPal): Arrives within minutes (fees apply). • Bank Transfer (ACH/SEPA): Typically 1–5 business days. • Wire Transfers: Same-day processing (higher limits, but bank fees may apply). Coinbase Withdrawal Limits Your withdrawal limit depends on: • Account verification level • Region and banking method • Payment method (ACH, wire, debit card) Typical limits: • ACH Bank Transfers: $25,000 per day (varies by account). • Wire Transfers: Up to $250,000 per day. • Debit Card Instant Cash Out: Limited to around $10,000 per transaction. You can request higher limits by submitting identity verification documents.
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发表于 2025-9-9 14:54:42