Here we will go over how to transfer money from Coinbase to a bank account. If you want to transfer money from Coinbase to your bank account, here are some simple and easy steps you need to follow. In order to help you process your money, we will share the simple steps you need to follow.
What is a Coinbase Wallet:- Digital assets can be stored in one of the most secure wallets available on the Coinbase exchange. A DApp browser integrated into the Coinbase wallet makes it possible to interact with Ethereum DApps. The wallet app can be downloaded on Android and iOS devices if you have a Coinbase exchange account. To use it, you only need to download it from the appropriate app stores.
Steps To Transfer Money From Coinbase To A Bank Account
Here are a few easy steps that you need to follow to transfer your money to your bank account.
Step1:- First, you need to sell the crypto that you’ve already bought to turn it into cash. Once you sold your cryptocurrency then move to the next step.
Step2:- Go to your wallet section where you’ve stored your funds. Once you click on the wallet section then move to the next step.
Step3:- Now, click on the “withdraw” button to send money from Coinbase to the bank account. It takes 2-5 minutes after that your transaction will be processed.
Step4:- Once the transaction will start the process, it takes a few seconds and your money will credit to your bank account in 2-5 business days.
These are the 4 simple and easy steps that you have to follow to transfer money from a Coinbase wallet and it is very easy to transfer your money. But you need to make sure that take you every step wisely.
Also Read:- How To Transfer From Trezor To Coinbase?
How Long Does it Take To Transfer From Coinbase to Bank Account?
ACH bank transfers are used by Coinbase for transferring money to your bank account. The ACH system takes approximately 3-5 business days to complete after you initiate a sell or withdrawal. Coinbase deducts the balance from your source of funds and begins the transfer immediately after that. This is the process of Coinbase to move your funds from your wallet to your bank account.
What Is The Transfer Limit In The Coinbase Wallet To The Bank Account?
There is no minimum limit to transferring your money from your wallet to your bank account, but there is a maximum withdrawal amount in the Coinbase wallet which is $50,000/day. You can’t withdraw your money from more than recommended account.
Also Read:- How To Increase Coinbase Limit
Features of Coinbase Wallet
Here are some features of the Coinbase wallet that we will discuss.
- Easy to setup
The best feature of the Coinbase wallet is that you don’t need to waste your time, As it is very easy to set up your wallet and you can access it.
- User friendly
Another amazing feature of this wallet is the user-friendly interface which is the USP of this wallet. If you’re a beginner and you’re looking for a simple-to-use platform, then you must start with a Coinbase wallet.
- Safety & Security
Depending on whether it is the mobile app version or the browser extension version, users can set a PIN or password and use biometric verification for mobile apps. Which is actually safe for users and no one can access your wallet easily. So, for safety purposes, it is an amazing platform.
Also Read:- Is Coinbase Wallet Safe?
Coinbase to bank account fee
There are no wallet fees associated with Coinbase Wallet. The blockchain transaction fee is charged to users when sending funds or interacting with smart contracts. Using smart contracts that are based on a what/if scenario, developers are able to create decentralized blockchain applications that automatically execute when certain conditions are met.
Conclusion
Coinbase Wallet is a leading crypto wallet that enables users to store a wide range of digital assets (including NFTs) and access web3 applications on mobile and via a browser extension. As a non-custodial wallet, Coinbase Wallet users have complete control over their digital assets and how they choose to use them. Although we’ve shared all the processes to transfer money from your Coinbase wallet to your bank account in a few simple steps. That would definitely help you to make your transaction successful. Apart from that if you’re still facing issues then you can easily contact their customer support they’ll definitely help you and assist you.