Sat. Jun 22nd, 2024

How to Withdraw Money from coinbase

One of the most popular cryptocurrency exchanges, Coinbase, allows users to buy, sell, and store various cryptocurrencies. But what if you want to withdraw your money from Coinbase? In this guide, we will walk you through the steps to successfully withdraw your funds.

Step 1: Verifying Your Account

Before you can withdraw money from Coinbase, you need to ensure that your account is fully verified. This is done to comply with anti-money laundering regulations and to protect users’ funds. To verify your account, follow the steps below:

  1. Log in to your Coinbase account.
  2. Go to the “Settings” tab.
  3. Click on “Verify a New Phone Number” and enter your phone number.
  4. Once you receive the verification code, enter it in the required field.
  5. Complete the identity verification process by providing your personal information and submitting the necessary documents.

Step 2: Adding a Withdrawal Payment Method

To withdraw money from Coinbase, you need to have a linked payment method. This can be a bank account or a debit card. Here’s how you can add a withdrawal payment method:

  1. Go to the “Settings” tab again.
  2. Select the “Linked Accounts” option.
  3. Click on “Link a New Account” and choose the payment method you want to link.
  4. Follow the prompts to complete the linking process.

Step 3: Withdrawing Money from Coinbase

Now that you have a verified account and a linked payment method, it’s time to withdraw your funds. Follow these steps to do so:

  1. Click on the “Portfolio” tab in your Coinbase account.
  2. Select the cryptocurrency you want to withdraw.
  3. Click on the “Withdraw” button.
  4. Enter the amount you wish to withdraw and select your linked payment method.
  5. Review the withdrawal details and confirm the transaction.

Note that there may be fees associated with withdrawing money from Coinbase. Make sure to check the fee schedule on the Coinbase website before proceeding.

That’s it! You have successfully learned how to withdraw money from Coinbase. Remember to double-check all the information before confirming your withdrawal to avoid any mistakes. Happy withdrawing!

By admin