Trading platforms for cryptocurrency have changed how people view money. As it offers quick, safe and transactions with global reach. Coinbase is one of such premier platforms for purchasing, trading, and transferring digital assets. However, many of its users still wonder how to  transfer money from Coinbase to bank account .

If you are also looking for a way to move money from your Coinbase account to bank, you have come to the right place. Here in this blog, we will explain to you  how to transfer funds into Coinbase  and handle cryptocurrency. So, let's begin and learn more about it.

What is Coinbase Transfers?

Coinbase transfer refers to the process of moving funds (fiat currency or cryptocurrency) within or between Coinbase accounts/wallets or an external financial institution such as a bank account. There are several Coinbase transfer options which are mentioned below:

• Convert cryptocurrency into fiat currency such as USD or EUR and sending it directly to its associated bank account.
• Transferring cryptocurrency between wallets.
• Transferring funds between your Coinbase wallet and account.
• Coinbase transfers provide users with and convenience in managing their digital assets.

How to Transfer Money from Coinbase ?

There are multiple steps involved when it comes to  transferring money on Coinbase . Here is how to do it:

Step 1: Log into Your Coinbase Account: First, log into your Coinbase account using your credentials to begin the transfer process.

Step 2: Convert Crypto to Fiat Currency (USD, EUR, etc.): After this you need to convert the crypto to fiat currency with the help of steps mentioned below:

• Open the Coinbase app on your mobile phone.
• Click on the “Trade” tab and then “Sell” to select which cryptocurrency you would like to sell.
• Select "USD" as your payout currency and enter the amount that you wish to sell.
• After you convert cryptocurrency to fiat currency on Coinbase, your funds are deposited directly into your fiat currency account.

Step 3: Initiate the Bank Transfer: After your funds are available on Coinbase, you can easily transfer them to linked bank account:

• Simply select the "Withdrawal" in your Portfolio tab to withdraw.
• As your withdrawal method, select "Bank Account".
• Select the account where you would like to transfer money.
• Simply enter the amount and confirm your transaction to make your withdrawal.

How to Transfer from Coinbase to Coinbase Wallet?

Coinbase wallet, a secure mobile wallet app designed specifically to hold cryptocurrency safely, stands out from Coinbase accounts as it stores only crypto assets. On the other hand, Coinbase account holds both fiat currency and crypto. Here is how to transfer from Coinbase-to-Coinbase wallet:

• Open the Coinbase wallet on your mobile phone.
• From the list of options, select “Send” assign this option a priority rating of “1”.
• Copy your wallet address for use when sending cryptocurrency from Coinbase.
• Enter the recipient's Coinbase Wallet address in the "Recipients" field along with an amount to transfer.
• At last, confirm all details and complete your transfer.

How to Send Money from Coinbase to a Bank Account?

As previously discussed, transferring money from Coinbase involves exchanging cryptocurrency for fiat currency and initiating a transfer. Here are steps on how to send money from Coinbase to a bank account:

• First, convert crypto currency to fiat currency (USD, EUR etc).
• Your funds can be easily transferred into an account linked to you.
• Choose between standard withdrawals or instantaneous withdrawals.
• Wait for your transfer to be complete; standard transfers may take several days while instant ones are quicker.

How Do You Wire Money to Coinbase?

Customers in the US can send wire transfers to Coinbase using US Dollar wires. You can wire money on Coinbase with the help of steps mentioned below:

• Go to your Coinbase account, and click "Deposit."
• Select "Wire Transfers" as the deposit method.
• Coinbase will provide specific details regarding wire transfers, including account number and routing number.
• Follow the steps carefully to successfully complete a wire transfer.

How to Transfer Crypto from Robinhood to Coinbase?

If you want to directly transfer to Coinbase from Robinhood, you must first use the external wallet. Because Robinhood does not permit direct transfers.

• Open the Robinhood app and select your cryptocurrency holdings.
• Choose "Transfer", then "Send to External Wallet".
• Complete the transfer by providing your external wallet address.
• Send cryptocurrency from Coinbase wallet using the same process you would when sending from it - copy the wallet address provided and paste it in an external wallet.

How to Send or Receive Crypto Using Coinbase Wallet?

Coinbase Wallet can be used to securely send and receive crypto assets. You can easily send crypto using Coinbase wallet:

• Open the Coinbase app.
• Select the crypto, you would like to send.
• Copy and paste the wallet address of the recipient.
• At last, recheck all the details before you confirm the transfer.

What Are the Fees and Limits for Transferring Money from Coinbase?

The fees and limits for transferring money from Coinbase depends on the method you choose and the account verification status. For instance, the standard withdrawals on Venmo are free and Venmo instant transfers are instant.

Furthermore, Coinbase offers various withdrawal limits depending on the level of account verification. For example, verified Venmo account accounts typically have lower withdrawal limits that can be increased through verification processes.

FAQ

How long does it take to  transfer money from Coinbase to my bank account ?

Standard Venmo withdrawals take between one to three days; Instant withdrawals can be made instantly for a small charge.

Can I transfer cryptocurrency directly from Robinhood to Coinbase?

Before sending cryptocurrency from Robinhood into an external wallet, Coinbase allows for its transfer.

How do I transfer crypto from Coinbase to Coinbase Wallet?

Log into your Coinbase Account, select a cryptocurrency, and copy and paste its address into your wallet address field.

Are there limits on how much I can transfer from Coinbase?

Yes, Coinbase does have transaction limits depending on your level of account verification.