How to Withdraw Funds to Your Bank Account on Coinbase Wallet

  1. Log into your Coinbase account
  2. Go to the “Accounts” or “Portfolio” section
  3. Select the cryptocurrency (e.g. Bitcoin, Ethereum) you want to withdraw
  4. Click on “Withdraw”
  5. Enter the amount you want to withdraw and select your bank account as the destination
  6. Review the details and fees associated with the withdrawal
  7. Confirm the withdrawal

The funds should arrive in your bank account within 1-5 business days usually. However, it can vary depending on your location, bank, and other factors.

Some key points:

  • Withdrawing USD or fiat currency is free. Withdrawing cryptocurrency will incur a network fee that varies based on market conditions. Coinbase covers the network fee for USDC withdrawals.
  • You can instantly cash out money from your USD balance to your bank account if you live in a state that supports instant withdrawals.
  • You can also withdraw cryptocurrency from Coinbase to an external crypto wallet by providing the correct wallet address. Double check the address is right before confirming.
  • Enabling two-factor authentication and other security measures on your Coinbase account is highly recommended to keep your funds safe.

So in summary, withdrawing money from Coinbase to your bank is generally a fast and straightforward process. Just be aware of the fees, processing times, transaction limits, and security protocols in place. Let me know if you have any other questions!