How do i withdraw money from Coinbase, you need to access your Coinbase Wallet, pick the cryptocurrency you need to withdraw, start the withdrawal process, pick the destination, choose your amount, recheck your transaction details, confirm, and withdraw.
Are you confused and nervous? If so, then don’t worry. We will tell you about each of the steps listed here in detail. So, all you need is to read the whole blog carefully.
Remember that the more clearly you read about all these steps, the easier and safer it will be for you to withdraw funds from your Coinbase Wallet.
Now, let’s move ahead and know all these steps in detail.
How to Withdraw Funds from Coinbase Wallet?
The following are the 7 steps that will enable you to withdraw funds from your Coinbase Wallet:
1. Reach your Coinbase Wallet:
First, open your Coinbase Wallet app either on your mobile or reach the Coinbase Wallet web browser extension. You must make sure that you are logged in to your Coinbase Wallet account to withdraw funds.
2. Choose the Cryptocurrency You Wish to Withdraw:
Having accessed the Coinbase Wallet app or extension, you will see the main dashboard or wallet overview. Here, you can see the cryptocurrency listed within your wallet. So, pick the particular cryptocurrency you want to withdraw and click on it. Doing so will provide you with access to detailed information and transaction options related to the selected cryptocurrency.
3. Start Withdrawing:
When you get to the detailed information and transaction options of the cryptocurrency, you will see a ‘Send’ or ‘Withdraw’ button or link. So, tap on this button to start the process of withdrawal.
4. Pick the Destination:
This stage provides you with the ease of choosing your cryptocurrency withdrawal destination. There are two primary options available to you:
- Transfer to your Coinbase account: If you have a linked Coinbase account, transfer the cryptocurrency to your Coinbase account. Doing so will help you maintain your holdings within the Coinbase ecosystem.
- External wallet or exchange: The second option you have is to choose to enter the external wallet address or scan a QR code that you got from an external wallet or exchange. Doing so will help you send your cryptocurrency to the destination that is off Coinbase, which will provide you with more control and flexibility over your assets.
5. Type in the Amount:
When you reach the withdrawal setup, you will find a field to mention the specific amount you want to withdraw. Don’t forget to recheck this amount to make sure that you are getting the exact amount of money you have decided to withdraw.
6. Recheck Transaction Details:
Don’t forget to recheck your transaction details before you move further in the withdrawal process. As a matter of fact, you must pay heed to the following points:
- Check the amount: Make sure that the withdrawal amount is in harmony with your intended transfer.
- Verify the recipient address: Make sure that the recipient address is correct, whether it’s a Coinbase account or an external wallet address.
- Check the applicable fees: Pay heed to any fees related to the withdrawal. Moreover, you must be satisfied with the transaction cost.
7. Confirm Your Withdrawal:
When everything is checked and verified, tap on the ‘Confirm’ or ‘Send’ button. Doing so will start the withdrawal, and your cryptocurrency will be sent to the desired destination.
Coinbase Withdraw to PayPal?
To withdraw funds from Coinbase to PayPal, take the following steps:
1. Sign in to Your Coinbase Account:
The first thing you need to do how do i withdraw money from Coinbase to PayPal is to sign in to your Coinbase account using your username and password.
If you don’t have an account, you need to create one as per your company’s requirements. Ensure that you have chosen the right location when you complete the sign-up process.
So, if you need to create a Coinbase account, go to the Coinbase website. Then, complete the verification process according to your country. After the creation and verification of your Coinbase account, you can access its functionalities.
2. Link Your PayPal Account to Coinbase:
To link your Coinbase account to PayPal, go to Settings, choose Payment Methods, and tap on Add a new payment method. After that, the PayPal option will appear at the top. So, tap on it, and it will take you to the PayPal website, where you will be required to sign in.
Alternatively, go to your assets and choose the fiat balance. After that, you will be provided with the option to cash out your fiat, and after that, you can connect your PayPal in the way mentioned above.
Note: If the balance is 0, you can’t step ahead on the desktop interface, only in the mobile app.
3. Withdraw Funds:
Change your crypto assets to fiat (EUR and USD are 2 examples) to withdraw crypto from Coinbase to PayPal. For that, tap on the Buy/Sell button appearing on your Coinbase account desktop dashboard or choose the asset and tap on Trade on the mobile app.
When you have sold your asset for cash, reach your asset list, pick the fiat balance, and tap on the cash-out button. When you have done this, you will get a message from Coinbase when the process is over. After that, you can confirm the account.
How to Sell Crypto on Coinbase Wallet?
You will get the total payout deposited in your primary balance when you have sold your cryptocurrency, also called crypto.
On Browser:
To sell your crypto on the browser, take the following steps:
- Log in to your Coinbase.com account.
- Then, choose Buy & Sell, and then pick the Sell tab.
- After that, type in the amount you want to sell.
- Then, choose Sell All to type in the full balance.
- Choose the asset you want to sell.
- After that, pick the balance your profits will be sent into.
- Then, choose Preview Sell.
- Lastly, check the transaction details and choose Sell now.
On the Coinbase Mobile App:
To sell your crypto using the Coinbase mobile app, take the following steps:
- Open your Coinbase mobile app.
- Then, choose Sell and then pick the asset you need to sell.
- After that, type in the amount you want to sell.
- Choose Max to type in the full balance.
- Thereafter, pick the balance your profits will be deposited into.
- Now, choose Preview sell.
- Lastly, check the transaction details and pick Sell now.
Conclusion:
How do I Withdraw from Coinbase, access your Coinbase account, choose the currency you want to withdraw, start the withdrawal process, choose the destination, pick the amount you want to withdraw, review your transaction details, confirm, and withdraw.