How to Withdraw from Coinbase Wallet to Bank Account: Your Complete Guide to Crypto Investing

Lots of Coinbase Wallet users get tripped up when they try to cash out their crypto to their bank. Unlike the main Coinbase exchange, Coinbase Wallet is a self-custody app—it won’t let you send money straight to your bank.

To move money from Coinbase Wallet to your bank, you’ll first have to send your crypto to an exchange like Coinbase.com, sell your crypto for cash, and then withdraw those funds to your bank account. It’s a few steps because wallets only hold digital assets, not traditional dollars or euros.

Step-by-Step Process to Withdraw from Coinbase Wallet to Bank Account

You’ll need to do four main things: link your bank to Coinbase, move your crypto from the wallet to the exchange, sell your crypto for cash, and then send that cash to your bank.

Link Your Bank Account to Coinbase

You’ll need to connect your bank account to Coinbase—but do this on the main Coinbase exchange, not in the Wallet app.

Open Coinbase (web or app), head to payment methods, and select “Add a payment method.” Choose “Bank account.”

You’ll need:

• Bank account number

• Routing number

• Your name as account holder

• Bank name

If you’re outside the US, sometimes you’ll need your IBAN. Coinbase verifies your account with tiny test deposits or instant verification.

Verification usually takes a couple of days—sometimes up to three. You can’t withdraw until Coinbase confirms your bank is connected.

Transfer Crypto from Coinbase Wallet to Coinbase Exchange

Coinbase Wallet and the main Coinbase exchange are separate. You need to move your crypto from the wallet to the exchange before you can sell.

Open the Coinbase Wallet app, pick the crypto you want to withdraw, tap “Send,” and choose “Coinbase” as your destination.

Supported coins include:

• Bitcoin

• Ethereum

• USDC

• Other big-name digital assets

Enter how much you want to send and confirm. You’ll pay a network fee here—especially for Bitcoin or Ethereum.

USDC transfers usually cost less than sending Bitcoin or Ethereum. Transfers typically finish in a few minutes, but sometimes network traffic slows things down.

Convert Cryptocurrency to Fiat Currency

Once your crypto lands in Coinbase, you can sell it for regular money. Open the main Coinbase app and tap into the “Trade” section.

Hit “Sell,” pick the crypto you moved over, enter the amount, and select your local currency—USD, EUR, etc.

Coinbase will show the exchange rate and any trading fees. Review everything and confirm the sale.

Trading fees look like this:

• Under $10: $0.99 flat fee

  
  

• $10-$25: $1.49 flat fee

  
  

• Bigger sales: 0.5% to 1.49%

Once you sell, the cash appears in your Coinbase account. This usually happens instantly if it’s during market hours.

Withdraw Fiat Funds to Your Bank Account

Now, just move your cash from Coinbase to your bank. Choose “Withdraw” from the main menu and pick your linked bank account.

Type in how much you want to withdraw, check the fees, and confirm. Standard bank transfers are free but take a day or two—sometimes three.

Withdrawal options:

• Standard bank transfer (1-3 days, free)

  
  

• Instant withdrawal (up to 30 minutes, 1.5% fee)

  
  

• PayPal transfer (instant, small fee)

Coinbase may put withdrawal limits on new accounts, but you can increase these by verifying more details.

Your money will show up in your bank depending on the method you chose. Coinbase sends an email when the withdrawal is done.

Important Considerations and Best Practices

It’s important to know the costs, double-check your info, and keep your account secure. These steps help you avoid expensive mistakes and keep your funds safe.

Understanding Withdrawal and Network Fees

Coinbase charges different fees based on your withdrawal method and the type of crypto you’re moving. Network fees go to miners—not Coinbase—and can change depending on how busy the network is.

Bitcoin usually costs more to send than Ethereum or most altcoins. Fees can spike if the network’s busy.

Always check the current fee rates before you withdraw. Coinbase shows you the estimated fees before you confirm. If you can, try withdrawing when the network isn’t congested to save money.

Coinbase Pro often has lower fees than regular Coinbase. If you’re comfortable with it, you might move your funds to Coinbase Pro first and then withdraw.

Making one large withdrawal often costs less in total fees than several small ones. It’s worth calculating the total percentage you’ll pay.

Ensuring Security and Account Verification

Two-factor authentication is a must for protecting your Coinbase account. Use an authenticator app instead of SMS for better security.

Before you withdraw, finish all required account verification. Coinbase will ask for ID and sometimes more documents for bigger withdrawals. This can take a few days, so plan ahead.

Self-custody wallets like Coinbase Wallet put you in charge of your private keys. If you lose them, your funds are gone for good—no one can help you recover them.

Always double-check withdrawal addresses. Copy-paste mistakes or malware could send your crypto to the wrong place. Coinbase support can’t undo blockchain transactions.

When you’re sending to a new address, try a small test transaction first. That way, you can make sure everything works before moving larger amounts.

Choosing the Correct Cryptocurrency Address

Each coin uses its own address format. Bitcoin addresses aren’t the same as Ethereum addresses. If you send crypto to the wrong type of address, you’ll lose it.

External wallets and DeFi platforms use different formats. Make sure you’re on the right network and using the correct address for your coin.

Coinbase Wallet supports several networks for some coins. For example, Ethereum can go on mainnet, Polygon, or others. If you send to the wrong network, the receiving wallet might not support it.

Crypto wallets often show QR codes for addresses. Scanning these can cut down on typos, but always double-check the first and last few characters.

Some exchanges require a memo or destination tag for certain coins. If you forget these, your funds could get lost or stuck. Always check if you need to add extra info.

Frequently Asked Questions (FAQs)

What are the steps to transfer funds from a Coinbase Wallet to a bank account?

You can’t send money straight from Coinbase Wallet to your bank. First, transfer your crypto to an exchange.

Open an account on something like Coinbase.com, verify your ID, and set up two-factor authentication.

Find your crypto receive address on the exchange, pick the right coin and network, and send your crypto from Coinbase Wallet to that address. Paste the address or scan the QR code—just don’t mess that up.

Once your crypto lands on the exchange, sell it for dollars or your local currency. Hit the sell button and choose how much to convert.

Finally, cash out to your bank. You can use instant transfer for a fee, or standard transfer for free (but it takes a couple of days).

Is there a fee associated with withdrawing from Coinbase Wallet to a bank account, and how can it be calculated?

You’ll pay three types of fees: network fees to move crypto from the wallet to the exchange, Coinbase’s fee to convert crypto to dollars, and possibly a withdrawal fee to send money to your bank.

Instant bank transfers cost 1.5% (up to $10,000). For bigger amounts, it’s a flat $150.

Standard ACH bank transfers take 1-3 business days and are free. SEPA transfers are free for European users.

What could be the reasons if the cash-out option is not available in my Coinbase Wallet?

Coinbase Wallet doesn’t have a cash-out feature—it’s a self-custody wallet. You’ll need to move your crypto to an exchange to turn it into cash.

The wallet only stores crypto, not dollars or euros.

If you want to cash out, use an exchange or a payment platform like MoonPay as a bridge.

How do you sell cryptocurrency, such as Bitcoin or Solana, directly from your Coinbase Wallet?

You can’t sell crypto for cash directly from Coinbase Wallet. The app doesn’t have a selling feature for fiat.

You’ll need to send Bitcoin or Solana to an exchange first. Coinbase.com, Binance, and others are popular choices.

Once your crypto is on the exchange, sell it for dollars and withdraw to your bank.

Some users try MoonPay as an alternative—it connects wallets to bank accounts for US customers.

Can you provide instructions on how to cash out USDC from the Coinbase Wallet?

The process for USDC is basically the same as other coins. You can’t cash out USDC directly from the wallet to your bank.

First, send USDC from Coinbase Wallet to an exchange. Make sure you pick the right network so you don’t lose your funds.

USDC transfers usually finish faster than Bitcoin, sometimes almost instantly if the network isn’t busy.

Once your USDC hits the exchange, sell it for dollars. Since USDC is pegged to the dollar, you’ll get close to a 1:1 rate.

Withdraw the dollars to your bank using standard or instant transfer.

What is the procedure to move assets from the Coinbase Wallet to the main Coinbase platform?

First, open up the Coinbase Wallet app and tap the send button. Pick the crypto you want to move—sometimes it takes a second to find the right one.

Over on the main Coinbase platform, hit receive. Make sure you choose the same type of cryptocurrency you just picked in your wallet.

Coinbase gives you a receive address and a QR code. You can copy the address or just scan the QR code straight from your wallet app.

Type in how much you want to send in Coinbase Wallet. If you want to move everything, just tap "max"—it’ll fill in the total for you.

Paste the address, double-check it (seriously, always double-check), and confirm the transaction. Usually, your crypto lands in your main Coinbase account within an hour, though sometimes it’s faster or slower depending on the asset.

Bitcoin? That one drags its feet. Stablecoins like USDC, though, show up almost instantly.