How to Withdraw Money from Coinbase to Your Bank Account

As a leading crypto exchange serving over 89 million users worldwide^[1], Coinbase makes it easy to buy, sell, and even earn cryptocurrencies.

But what do you do when you want to take profits or cash out your portfolio? Getting money out of Coinbase back into your bank account follows a straightforward process.

In this comprehensive 2000+ word guide, I‘ll walk through every step covering:

Linking your bank details
Selling crypto to generate withdrawal funds
Initiating transfers and managing fees
Troubleshooting issues with withdrawals
Using faster alternatives like PayPal (but should you?)

I‘ll also inject my industry expertise throughout the article, having performed over a hundred Coinbase withdrawals myself.

So whether you are looking to free up crypto profits or cash out entirely from the world of Bitcoin, you‘ll learn how to smoothly withdraw money from Coinbase back into your bank account.

Let‘s begin!

Step 1: Add Your Bank Account Within Coinbase

Before you can complete any withdrawal, Coinbase first needs your bank account details to send funds to. Think of this step like activating a linked card.

Here is how to add a bank account within Coinbase:

Access Coinbase.com or open the Coinbase app and tap on your profile icon
Choose "Settings" then navigate left to "Linked Accounts"^[2]
Select "Link New Account"
Pick your bank from the list of supported institutions
Enter your account number and routing number found on any check
Complete small verification deposits within 1-2 days

Once the amounts match up, Coinbase activates your bank link!

Note: I recommend whitelisting Coinbase as an approved merchant to help speed transfers through your bank.

💡Pro Tip: Double (even triple) check any details entered as incorrect account or routing numbers could see your withdrawal funds lost permanently.

Now that your bank account shows as verified under Linked Accounts, let‘s move onto funding your withdrawal.

Step 2: Sell Crypto Assets to Generate Cash

To withdraw money out of Coinbase, you first need available cash balance in your account.

Simply holding Bitcoin or other cryptocurrency isn‘t enough to access bank withdrawals. You must first sell crypto to generate withdrawable fiat funds like USD or EUR^[3].

Think of it like converting chips back into cash after spending time at the casino tables.

Here is how to sell crypto into cash within Coinbase:

Tap "Trade" then "Sell" or navigate to "Sell" on the top bar
Pick which coin you want to sell and input your target amount
Choose deposit method as your fiat wallet (USD/EUR)
Review for accuracy then select "Sell Now" to complete

Funds from selling crypto now land as withdrawable cash in your Coinbase fiat wallet.

Let‘s move onto initiating the bank transfer!

💡 Pro Tip: I suggest selling crypto across multiple transactions instead of all at once. This helps protect you from market rises post-sale!

Step 3: Withdrawing Cash from Coinbase to Your Bank

Once your account reflects sufficient cleared funds, it‘s time to send money from Coinbase back to your connected bank account using:

Tap the bank icon then choose your linked bank
Input the withdrawal amount in USD/EUR
Carefully verify provided details before selecting "Confirm"
Select "Withdraw Funds" to complete the transfer

And you‘re all done! Your cash is now on its way from Coinbase to your bank account.

Note: Bank transfers on Coinbase cannot be reversed once submitted so always verify your details carefully beforehand.

💡 Pro Tip: Check whether Coinbase applies any daily or weekly limits to how much you can withdraw, as capped amounts could influence your transfer.

So when can you expect the money to hit your bank account? And are there any fees involved you should know about?

Understanding Coinbase Withdrawal Timelines and Fees

Let‘s explore timing expectations as well as fees to ensure smooth withdrawaling:

Processing Speed

Coinbase quotes bank withdrawals can take anywhere between 1-3 business days before arriving in your connected bank account^[4].

From my experience, transfers typically complete on the faster end within just 1-2 business days. However, your individual bank‘s processing can tacking on another few days.

I find Coinbase bank transfers reliably faster than some competing platforms like Gemini or Kraken. But do account for the full settlement time before counting on funds clearing in your account.

Fees

The great news here is Coinbase itself does NOT charge fees for sending withdrawals from your fiat wallet out to bank accounts! This applies whether linked via ACH or wire transfers.

However, some receiving banks do choose to levy fees upon incoming funds so check your account policies. And know crypto-to-fiat sale costs before initiating the withdrawals.

💡 Pro Tip: When dealing in larger amounts, save on fees by withdrawing directly to bank rather than via PayPal which charges up to 2%.

Now let‘s tackle what to do if your bank withdrawal from Coinbase doesn‘t show as expected…

Troubleshooting Stuck or Failed Coinbase Withdrawals

While most transfers process smoothly after completing previous steps, hiccups can and do happen.

Some common issues which delay or block your Coinbase withdrawal include:

Typos entering account details leading to funds sent into the void
Your bank not recognizing earlier micro-deposits made
Temporarily disabled withdrawal ability per notices
Exceeding set daily withdrawal limits
General banking errors causing a reject

Here are my top workarounds to get your stuck withdrawal back on track:

Thoroughly recheck all account details entered match perfectly with your banking statements
Attempt bank verification again following exact prompts
Check notifications and wait 1-2 days if transfers suspended
Review your max limits and lower amount if capped

Still stuck? Reach out directly to Coinbase support staff who often solve issues quick via: https://help.coinbase.com/en/contact-us

💡 Pro Tip: Consider linking a PayPal account alongside bank account. This grants option to withdraw into PayPal which can prove faster if you ever need funds urgently!

Speaking of PayPal, let‘s examine it as an alternative option…

Withdrawing Funds to PayPal Instead of Your Bank

While linking your bank account provides the most cost-effective way to cash out funds, Coinbase also offers PayPal withdrawals as a speedy alternative.

Once linked up, picking PayPal as your send-out location delivers money insanely fast – usually mere minutes after requested compared to days for ACH bank transfers.

This superior speed makes PayPal ideal if you:

Desire quicker access to withdrawal amounts
Operate largely within the PayPal ecosystem
Need emergency funds sent to you urgently

However, note PayPal does carry much higher fees at ~2% per withdrawal transaction.

For larger dollar amounts in particular, opt to send directly to bank instead to save substantially on fees. But keep PayPal on backup for any quick withdrawal needs!

💡 Pro Tip: PayPal withdrawals also sidestep issues stemming from bank verification difficulties as you likely already hold an established PayPal account history.

Let‘s switch topics to…

Maintaining Security Across Coinbase Withdrawals

They say it‘s not paranoia if someone really is out to get you! While monetary transactions always carry some risk, proactively minimizing threats leads to safer outcomes.

Here are four security best practices I encourage while moving money out of Coinbase:

Verify ID fully to unlock greater account functionality from day one. This expands daily withdrawal limits beyond starter amounts up to $50K+ permitting.
Carefully whitelist recipients listing only approved withdrawal endpoints. Updates should come manually via your dashboard, never via email.
Employ 2FA using an authenticator app or physical key to require time-based login approval. This foils most unauthorized access attempts from leaked credentials.
If mobile or email contact points used for account recovery ever become inaccessible, immediately contact support via alternate means to discuss next steps maintaining control.

There are no 100% foolproof security guarantees when moving money online. But leaning into preventative measures above makes Coinbase withdrawals reasonably safe for users at any level while preventing most headaches!

💡 Pro Tip: Monitor your linked bank and credit card statements routinely even following normal withdrawals. This allows quickly catching any indicators of suspicious activity requiring investigation.

Now that we have covered critical aspects of safety, let‘s move onto…

How Coinbase Withdrawal Speed & Fees Compare

Deciding which crypto exchange to trust as your go-to "for fiat offramp" means weighing factors like fees, reliability, additional verification needs and more against platforms like Binance, Crypto.com, Kraken and Gemini.

Here is quick high-level glimpse at how Coinbase‘s bank withdrawal fees and processing times compare among popular competitors per my experience:

Fees

Coinbase: Free ACH bank withdrawal
Crypto.com: Free ACH bank withdrawal
Gemini: 10 free monthly withdrawals then $2.99 fee per
Kraken: $5 USD flat fee per bank withdrawal

Speed

Coinbase: 1-3 days with most < 2 days
Crypto.com: 1-2 days on average
Gemini: Up to 5+ days reportedly
Kraken: Up to 5+ days reportedly

Among mainstream exchanges available to United States users, Coinbase clearly outpaces rivals when it comes to fast and free withdrawal delivery direct to bank accounts.

The only account type I choose to hold elsewhere is stablecoins yielding high interest – as options exist beating Coinbase‘s own 4% returns.

But otherwise, Coinbase remains my default option for a smooth cash offramp from crypto positions back into my checking account when desired!

💡 Pro Tip: Geographic and regulatory restrictions can limit withdrawal options significantly across exchanges. Ensure your country and state laws permit access before funding accounts and trading.

Let‘s wrap up with some beginning tips…

Beginner Advice for Smooth Coinbase Withdrawals

If you‘re just getting started with Coinbase, here is some beginner guidance for ensuring successful bank transfers:

first (15U exempting)Befriend limits initially allowing only smaller withdrawals so start conservatively position sizes
Confirm market rate vs spread charged when moving between coins and cash during cycles of buying and selling
Document transfer timelines observed from executing withdrawals to set reasonable expectations
Create a standalone email just for Coinbase alerts to better monitor notifications impacting withdrawals
Double check allowances and minimums imposed by your bank tied to electronic transfers and deposits

Adhering to these tips from the outset prevents friction when the time comes to move funds off Coinbase back to your bank!

Let‘s wrap up by addressing some frequent questions:

FAQ: Common Coinbase Withdrawal Questions

Here I‘ll answer some commonly asked questions around completing bank account withdrawals via Coinbase:

What countries support withdrawals?

Coinbase permits fiat withdrawals to bank accounts from their platform to over 100+ countries covering North America, Europe, Asia, Oceania, and more.^[5]

Can I withdraw crypto directly?

You cannot withdraw crypto directly to bank accounts – assets must be liquidated to cash holdings first before accessible to withdrawal offsite.

What if my bank seems unsupported?

Even if your bank doesn’t appear as a preset option, in most cases you can manually link accounts by selecting Other Bank and inputting routing and account digits manually yourself instead.

Why do my withdrawals have limits?

Withdrawal limits exist per Coinbase’s risk analysis of each user profile. Fully verifying ID and having an account in good standing can raise limits over time toward $50K+ per day.

Who can I contact for issues with my withdrawal?

Reach out directly to Coinbase support staff available 24/7 for troubleshooting via: https://help.coinbase.com or their Twitter handle @CoinbaseSupport.

I hope this completely covers everything you need for safely and seamlessly getting your money out of Coinbase once you wish to realize your crypto gains!