How to Withdraw Money from Coinbase:
Coinbase is one of the most popular cryptocurrency exchanges in the world, but many users struggle when it comes to withdrawing their money. Whether you want to cash out crypto to your bank account, withdraw USD or EUR, or transfer funds to an external wallet, understanding how Coinbase withdrawals work is essential. This in-depth guide explains exactly how to withdraw money from Coinbase, how long it takes, common problems, fees, limits, and how to avoid delays.
Things You Must Understand Before Withdrawing Money from Coinbase
Before initiating a withdrawal, it is important to understand how Coinbase handles balances, settlement, and account verification. Most withdrawal issues happen because users skip these basics.
1. Available Balance vs. Total Balance
Coinbase shows multiple balances in your account:
- Total Balance: The total value of your crypto and fiat holdings
- Available Balance: The amount you can currently withdraw
You can only withdraw funds that are marked as available. Funds from recent purchases or conversions may be temporarily locked.
2. Holding Period for Deposits
If you recently deposited money via bank transfer or card, Coinbase may apply a holding period. During this time:
- You can trade or buy crypto
- You cannot withdraw cash or crypto externally
Holding periods vary based on payment method, account history, and region.
3. Identity Verification Requirement
Coinbase requires full identity verification to enable withdrawals. Unverified or partially verified accounts will face withdrawal restrictions.
How to Withdraw Money from Coinbase to a Bank Account
This is the most common method for users who want to cash out crypto.
Step 1: Log In to Your Coinbase Account
- Open the Coinbase mobile app or website
- Log in using your credentials
- Ensure two-factor authentication is enabled
Step 2: Sell Crypto (If Needed)
If your funds are in cryptocurrency, you must first convert them to fiat currency.
- Go to Buy & Sell
- Select Sell
- Choose the cryptocurrency
- Enter the amount
- Confirm the sale
Once sold, the balance will appear as fiat currency (USD, EUR, etc.).
Step 3: Go to the Withdraw Section
- Click Assets or Portfolio
- Select the fiat wallet
- Click Withdraw or Cash Out
Step 4: Choose Your Bank Account
- Select a linked bank account
- If none is linked, add and verify a bank account
Step 5: Enter Withdrawal Amount
- Enter the amount you want to withdraw
- Review fees and processing time
Step 6: Confirm the Withdrawal
- Confirm the transaction
- Complete any security prompts
How Long Does It Take to Withdraw Money from Coinbase?
Withdrawal times depend on the method and region.
Bank Transfers
- ACH (US): 1–5 business days
- SEPA (Europe): 1–3 business days
- Faster Payments (UK): Same day or next business day
Instant Cash Outs
- Available in select regions
- Funds arrive within minutes
- Higher fees apply
Weekends and bank holidays can delay processing.
Coinbase Withdrawal Fees Explained
Coinbase charges different fees depending on withdrawal method.
Bank Withdrawal Fees
- ACH transfers are usually free
- SEPA transfers often have low or no fees
- Instant withdrawals incur a percentage-based fee
Crypto Withdrawal Fees
- Network (miner) fees apply
- Fees vary based on blockchain congestion
Always review fees before confirming a withdrawal.
Coinbase Withdrawal Limits
Coinbase applies withdrawal limits to protect users and comply with regulations.
Fiat Withdrawal Limits
- Limits vary by account verification level
- Fully verified users have higher limits
- Limits reset daily
Crypto Withdrawal Limits
- Based on account history and security level
- Some assets have network-specific limits
You can view your limits in account settings.
How to Withdraw Cryptocurrency from Coinbase
If you want to move crypto to an external wallet instead of cashing out, follow these steps.
Step-by-Step Crypto Withdrawal
- Go to Assets
- Select the cryptocurrency
- Click Send
- Enter the recipient wallet address
- Choose the network carefully
- Enter the amount
- Confirm the transaction
Once confirmed, the transfer is irreversible.
Common Problems When Withdrawing Money from Coinbase
Many users face withdrawal issues. Below are the most common ones and how to fix them.
1. Withdrawal Not Available
Reason:
- Funds are still on hold
- Recent deposit or purchase
Solution:
- Wait for the holding period to end
2. Withdrawal Pending for Too Long
Reason:
- Bank processing delays
- Network congestion for crypto
Solution:
- Wait for the estimated time
- Check transaction status
3. Withdrawal Failed or Reversed
Reason:
- Bank rejected the transfer
- Incorrect bank details
Solution:
- Verify bank information
- Contact your bank if needed
4. Account Restricted
Reason:
- Security review
- Compliance checks
Solution:
- Complete identity verification
- Contact Coinbase support
How to Withdraw Money from Coinbase Without Fees
While fees are hard to avoid completely, you can minimize them:
- Use standard bank transfers instead of instant cash out
- Withdraw larger amounts less frequently
- Avoid peak blockchain times for crypto transfers
Tax Implications of Withdrawing Money from Coinbase
Withdrawing fiat is not taxable, but selling crypto may trigger taxes.
- Capital gains tax may apply
- Short-term and long-term gains are taxed differently
- Coinbase provides transaction history and tax reports
Always consult a tax professional for accurate advice.
Security Tips for Safe Withdrawals
- Enable two-factor authentication
- Double-check bank and wallet details
- Avoid public Wi-Fi
- Monitor account activity
Security mistakes during withdrawals can result in permanent loss of funds.
Frequently Asked Questions
Can I withdraw money from Coinbase instantly?
Yes, instant withdrawals are available in select regions but come with higher fees.
Why is my Coinbase withdrawal taking so long?
Delays are usually caused by holding periods, bank processing times, or network congestion.
Can I withdraw Coinbase funds to PayPal?
In some regions, Coinbase supports PayPal withdrawals. Availability depends on location.
Final Thoughts
Understanding how to withdraw money from Coinbase helps you avoid unnecessary delays, fees, and frustration. While the process is simple, factors like holding periods, verification, limits, and fees can affect how quickly you receive your money. By following the steps and best practices outlined in this guide, you can withdraw funds from Coinbase safely, efficiently, and with confidence.