How to withdraw from Coinbase

Wondering how to cash out on Coinbase? The process is fairly straightforward, but you’ll need a verified account. Here’s how to withdraw from Coinbase both on desktop and mobile.

How to withdraw money from Coinbase

You can withdraw currency directly to your bank account from either the Coinbase app or website.

Please note you’ll first need to convert your funds into your local currency before submitting a withdrawal.

On the Coinbase website (desktop app):

1. Log in to your Coinbase account
2. Click My Assets
3. Choose your currency
4. Click Cash out and enter the amount you want to withdraw
5. Click Continue and select the account you want to withdraw to
6. Click Continue and check that the details are correct
7. Click Cash out now to submit the withdrawal

On the Coinbase mobile app:

1. Tap My assets and select Cash out
2. Enter the amount you want to withdraw
3. Tap Cash out from to select which balance to withdraw from
4. Tap Deposit to to choose where to withdraw the money
5. Tap Preview cash out and check the details are correct
6. Tap Cash out now to submit the withdrawal

Depending on the method you use to withdraw, you may need to pay a withdrawal fee, especially if you select the “Instant cash out” option.

On the Coinbase wallet:

The Coinbase wallet is a standalone non-custodial hot wallet that works separately from your Coinbase exchange account. As such, the steps for cashing out on the wallet are different to cashing out on desktop or mobile. Here’s how to withdraw money from Coinbase wallet.

1. Select Send on the on the Payments tab
2. Choose the asset and amount you want to send
3. Select Send and enter the recipient address, Ethereum Name Service (ENS) or web3 username. If you’re using the Coinbase Wallet mobile app, you can scan the recipient’s QR code instead.
4. Review and confirm the details

To withdraw from Coinbase wallet to a bank account, you’ll need to transfer your crypto to an exchange, convert it to fiat currency and transfer it to a bank account linked to your exchange account.

How to withdraw crypto from Coinbase

1. Log in to your Coinbase account and then select Portfolios
2. Choose a specific portfolio and select Withdraw
3. Find and select the crypto you want to withdraw
4. Select your withdrawal method
5. Add the withdrawal address in the To field and select the network you wish to use, if applicable
6. Enter the amount you want to withdraw
7. Review the transaction and then hit Withdraw to confirm the transaction
8. If you have 2FA enabled, you may need to complete the verification before you can submit the withdrawal

Before submitting the withdrawal, make sure you’ve checked that the withdrawal address is correct and that it supports transactions from the selected network.

Where can I withdraw my crypto from Coinbase to?

You should be able to withdraw your crypto to any valid wallet address, including:

• A hardware wallet like a Ledger or Trezor
• A software wallet like Exodus or MetaMask
• Another crypto exchange (some exchanges even offer bonuses when you deposit crypto or open an account)

Please make sure that the wallet address you’re sending your crypto to supports the coin and network you’re trying to send. If not, you may lose your funds.

Compare Canadian exchanges to send your Coinbase withdrawal

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Finder Score	Fiat currencies	Cryptocurrencies	Deposit methods	Disclaimer	bullet point infobox
Promoted 8.8Great Kraken	8.8Great	7	379	Credit card, Cryptocurrency, Debit card, Interac e-Transfer, Wire transfer, Apple Pay, Google Pay	Certain trading features are limited or unavailable to residents of Ontario and Quebec.	Go to site Capital at risk More info Compare product selection Compare	loading
7.7Great Paybis	7.7Great	50	81	Credit card, Debit card, Apple Pay, Google Pay, SWIFT, AstroPay	Go to site Capital at risk More info Compare product selection Compare	loading
8.7Great Bitbuy	8.7Great	1	61	Cryptocurrency, Interac e-Transfer, Wire transfer	Go to site Capital at risk More info Compare product selection Compare	loading
9.7Excellent Coinbase Finder Award	9.7Excellent	1	288	Debit card, Electronic Funds Transfer, Interac e-Transfer, PayPal	Go to site Capital at risk More info Compare product selection Compare	loading
5.2Standard MyBTC.ca Cryptocurrency Exchange	5.2Standard	1	2	Cash, Credit card, Debit card, Flexepin, Interac e-Transfer, Bank Wire	Go to site Capital at risk More info Compare product selection Compare	loading

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Finder Score for crypto exchanges

To make comparing even easier we came up with the Finder Score. Supported coins, account fees and features across 28 cryptocurrency trading platforms are all weighted and scaled to produce a score out of 10. The higher the score, the better the exchange—simple.

Read the full methodology

Compare crypto wallets to send your Coinbase withdrawal to

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Disclaimer	Wallet type	Supported assets	Price (USD)	Rewards	Disclaimer
Promoted Zengo wallet		Mobile	380+	Free download	Go to siteMore info Compare product selection Compare	loading
Promoted Ledger Nano X Wallet		Hardware	5,500+	$149	Get 50% off all Ledger Nano X colours. T&Cs apply.	Go to siteMore info Compare product selection Compare	loading
Promoted Trezor Model T Wallet		Hardware	1,000+	$129	Go to siteMore info Compare product selection Compare	loading
Bitget Wallet		Mobile, Desktop	1,000,000+	Free download	Go to siteMore info Compare product selection Compare	loading
Ledger Nano S Plus Wallet		Hardware	5,500+	$79	Get a US$10 BTC Voucher with Ledger Nano S Plus (black only). T&Cs apply.	Go to siteMore info Compare product selection Compare	loading

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How long does it take to withdraw currency from Coinbase?

It depends on the withdrawal method you choose. If you select Instant cash out or withdraw via debit then your funds should be transferred immediately.

If not, you may need to wait a few business days for the funds to arrive in your bank account.

There is a default daily withdrawal limit of $100,000 across all currencies on Coinbase.

How long does it take to withdraw crypto from Coinbase?

Crypto withdrawal times vary based on the crypto you’re looking to withdraw and the network you used to process the transaction.

What is the Coinbase withdrawal fee?

Like most exchanges, you’ll generally need to pay a fee when withdrawing crypto. The Coinbase withdrawal fee varies depending on which coin you want to withdraw and the network you use for the withdrawal.

Coinbase calculates this fee based on an estimation of the network fees at the time of the withdrawal. You will be shown the Coinbase withdrawal fee amount before you’re asked to confirm the transaction.

It may be possible to reduce your withdrawal fees by using a different network, such as the Bitcoin Lightning Network.

All USDC withdrawals are free on Coinbase, but you’ll need to have converted your crypto to USDC first.

Written by

Tom Stelzer

Writer

Tom Stelzer is a writer for Finder specialising in personal finance, including loans and credit, as well as small business and business loans. He has previously worked as a freelance writer covering entertainment, culture and football for publications like FourFourTwo and Man of Many. He has a Master of Media Arts and Production and Bachelor of Communications in Journalism from the University of Technology Sydney. See full bio

Co-written by

Stacie Hurst

Associate editor

Stacie Hurst is an editor at Finder, specializing in loans, banking, investing and money transfers. She has a Bachelor of Arts in Psychology and Writing, and she has completed FP Canada Institute's Financial Management Course. Before working in the publishing industry, Stacie completed one year of law school in the United States. When not working, she can usually be found watching K-dramas or playing games with her friends and family. See full bio

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