Coinbase Wallet is a popular choice for storing cryptocurrencies, but many users wonder how to withdraw funds to their bank accounts. In this guide, we will walk you through the step-by-step process of transferring funds from your Coinbase Wallet to a bank account, including how to cash out USDC and withdrawal limits.

Can You Withdraw from a Coinbase Wallet to a Bank Account?

Yes, you can withdraw from Coinbase Wallet to your bank account, but it requires an extra step. Unlike Coinbase’s exchange, Coinbase Wallet is a self-custody wallet, meaning it does not directly support fiat withdrawals. Instead, you need to first transfer funds from Coinbase Wallet to your Coinbase account, then withdraw them to your linked bank account.

Why Can't I Withdraw Money from Coinbase Wallet?

If you are experiencing issues withdrawing funds from Coinbase Wallet, consider the following reasons:

  1. Funds Are in Coinbase Wallet, Not Coinbase Account – You need to transfer assets to your Coinbase account first.

  2. Asset Is Not Supported for Withdrawal – Some cryptocurrencies must be converted to fiat or a supported token before withdrawal.

  3. Pending Transactions – If transactions are pending, you must wait for confirmation on the blockchain.

  4. Verification Issues – Ensure your identity is verified on Coinbase to enable fiat withdrawals.

  5. Withdrawal Limits – Check if you have reached your withdrawal limits (discussed later in this article).

How Do I Get My Money Back Out of Coinbase Wallet?

To withdraw from Coinbase Wallet to your bank account, follow these steps:

Step 1: Transfer Crypto from Coinbase Wallet to Coinbase Account

  1. Open Coinbase Wallet and navigate to the Send tab.

  2. Select the cryptocurrency you wish to transfer.

  3. Enter your Coinbase account’s wallet address as the recipient.

  4. Confirm the transaction and pay any necessary network fees.

Step 2: Sell Your Crypto for Fiat

  1. Log into your Coinbase account.

  2. Navigate to Trade and select Sell.

  3. Choose the cryptocurrency you transferred and enter the amount to sell.

  4. Confirm the transaction and convert your crypto to fiat (USD, EUR, etc.).

Step 3: Withdraw Fiat to Your Bank Account

  1. Click on Assets and select your fiat balance.

  2. Choose Withdraw and select your linked bank account.

  3. Enter the withdrawal amount and confirm the transaction.

  4. Your funds will be deposited in your bank within 1-5 business days, depending on your bank’s processing time.

How Do I Transfer Money from Coinbase Wallet to Account?

To Transfer Money from Coinbase Wallet to Bank Account: The process is simple:

  1. Open Coinbase Wallet.

  2. Select the crypto you wish to transfer.

  3. Tap Send and enter your Coinbase account’s wallet address.

  4. Confirm and pay the network fee.

  5. The funds will appear in your Coinbase account once confirmed on the blockchain.

How to Cash Out USDC on Coinbase?

USDC is a stablecoin pegged to the USD, making it easy to convert and withdraw. Here’s how to Cash Out USDC on Coinbase

  1. Transfer USDC from Coinbase Wallet to Coinbase Exchange.

  2. Sell USDC for USD by selecting USDC in the Sell tab.

  3. Withdraw USD to your bank account.

  4. The funds will arrive based on the withdrawal method:

    • Instant withdrawal (with fees) – Available via PayPal or debit card.

    • Standard bank transfer (1-5 days) – Typically free but slower.

How to Cash Out from Coinbase Pro?

Coinbase Pro offers lower fees and advanced trading features. To withdraw money from Coinbase Pro:

  1. Log into Coinbase Pro.

  2. Select the Portfolio tab and choose the asset to withdraw.

  3. Click Withdraw, select Bank Account, and enter the amount.

  4. Confirm and complete the withdrawal.

  5. Funds will arrive based on your selected method.

What Are the Coinbase Withdrawal Limits?

Coinbase imposes withdrawal limits depending on account verification and method used.

Bank Account Withdrawal Limits:

  • Standard limit: $50,000 per day (for fully verified accounts)

  • Higher limits: Available for Coinbase Pro users

Instant Cash-Out Limits (Debit Card & PayPal):

  • Up to $100,000 per transaction

Crypto Withdrawal Limits:

  • Varies by cryptocurrency and network congestion.

  • No fixed limit for external crypto transfers, but network fees apply.

Conclusion

Withdrawing money from Coinbase Wallet to a bank account requires an extra step, as you need to first transfer crypto to Coinbase Exchange before converting it into fiat currency. By following this step-by-step guide, you can efficiently move your funds and cash out securely. Always check network fees and withdrawal limits before making transactions to ensure a smooth process.

FAQ

1. Can I withdraw money directly from Coinbase Wallet to my bank account?

No, you cannot withdraw money directly from Coinbase Wallet to a bank account. You must first transfer your crypto from Coinbase Wallet to your Coinbase account and then sell it for cash before withdrawing to your bank.

2. How do I transfer funds from Coinbase Wallet to my Coinbase account?

To transfer funds:

  1. Open Coinbase Wallet and select the cryptocurrency you want to transfer.

  2. Click Send and enter your Coinbase account’s receiving address.

  3. Confirm the transaction and wait for it to process.

3. How do I cash out crypto from Coinbase to my bank account?

  1. Sell your crypto on Coinbase for cash.

  2. Go to the "Assets" tab and select your cash balance.

  3. Click Cash Out and enter the amount.

  4. Choose your bank and confirm the withdrawal.

4. How long does it take to withdraw money from Coinbase to a bank?

It depends on the withdrawal method:

  • Instant cashout to a linked card: A few minutes.

  • Bank transfers (ACH in the U.S.): 1–3 business days.

  • Wire transfer: Same-day or next-day processing.

5. Are there fees for withdrawing from Coinbase Wallet to a bank account?

Yes, there may be:

  • Network fees for transferring from Coinbase Wallet to Coinbase.

  • Transaction fees when selling crypto.

  • Withdrawal fees depending on the method used.

6. Can I withdraw fiat currency directly from Coinbase Wallet?

No, Coinbase Wallet is a self-custody wallet for storing crypto. You need to transfer funds to Coinbase first to convert them into fiat.

7. What cryptocurrencies can I withdraw from Coinbase Wallet to Coinbase?

You can transfer any supported cryptocurrency from Coinbase Wallet to Coinbase, but ensure that Coinbase supports the specific asset.

8. Can I withdraw to any bank account?

No, you must use a bank account that is linked and verified with your Coinbase account.

9. What should I do if my withdrawal is delayed?

Check your transaction history for processing status. If it’s still pending after the estimated time, contact Coinbase Support.

10. Is there a withdrawal limit?

Yes, Coinbase has withdrawal limits based on your verification level. Check your Account Limits under Settings in the Coinbase app.