Ipoh Community Forums

Ipoh Community Forums > Fun Corner > General Discussion > How to Cash out Coinbase Wallet & Withdraw Crypto?
Full Version: How to Cash out Coinbase Wallet & Withdraw Crypto?
You're currently viewing a stripped down version of our content. View the full version with proper formatting.

Bellelida

9 hours ago
When managing cryptocurrency, understanding how to cash out Coinbase Wallet or transfer funds from Coinbase to your bank or another platform is essential. Whether you're looking to move your funds to fiat currency, invest in stocks via Robinhood, or simply transfer between wallets, this in-depth guide will walk you through everything you need to know — from Coinbase withdrawal limits to bank transfers and beyond.
 
How to Cash Out from Coinbase Wallet
To cash out of Coinbase Wallet, follow these steps:
  1. Transfer your crypto from Coinbase Wallet to Coinbase.com:
    • Open the Coinbase Wallet app.
    • Select the crypto asset you wish to transfer.
    • Click "Send", and enter your Coinbase.com wallet address.
    • Confirm the transaction.
  2. Sell crypto for fiat (USD, EUR, etc.):
    • Log in to your Coinbase.com account.
    • Navigate to the “Assets” tab.
    • Choose the cryptocurrency you transferred.
    • Click “Sell”, select the amount, and confirm.
  3. Withdraw funds to your bank account:
    • Go to your Portfolio and click “Cash Out”.
    • Select your linked bank account.
    • Enter the amount and confirm.
This method applies to all variations of the query, including:  
How to Transfer from Coinbase to Robinhood
If you want to diversify into traditional stocks, you can’t directly send crypto from Coinbase to Robinhood, as Robinhood doesn’t support crypto deposits (only purchases). Instead:
  1. Sell your crypto on Coinbase.
  2. Withdraw the fiat currency (USD) to your linked bank.
  3. Deposit that fiat into your Robinhood account using the same bank.
So, while you can’t transfer crypto directly, you can move funds easily via bank transfers.
 
How to Transfer from Coinbase Wallet to Bank Account
If your funds are in Coinbase Wallet, not the main Coinbase platform:
  1. Transfer assets from Coinbase Wallet to Coinbase.com, as explained above.
  2. Sell your crypto for fiat on Coinbase.
  3. Use the “Cash Out” feature to move fiat funds to your bank account.
Ensure your bank is linked and verified to avoid delays.
 
How to Transfer Money from Coinbase to Coinbase Wallet
If you need to go the other direction, from Coinbase to Coinbase Wallet, the process is simple:
  1. Open your Coinbase.com account.
  2. Choose the crypto asset and click "Send".
  3. Enter your Coinbase Wallet address (scan the QR or copy-paste).
  4. Confirm and authorize the transaction.
This method allows for decentralized storage or use with dApps and DeFi protocols.
 
How to Transfer Money from Coinbase to Bank
After selling crypto for fiat:
  1. Go to the Assets tab on Coinbase.
  2. Choose USD (or your local currency).
  3. Click "Withdraw" or "Cash Out".
  4. Select your linked bank account.
  5. Confirm the amount and authorize.
ACH transfers in the U.S. typically take 1-3 business days, while instant transfers may incur a small fee but arrive within minutes.
 
Coinbase Daily Withdrawal Limit Explained
Coinbase imposes limits to protect user security. The Coinbase daily withdrawal limit typically varies based on:
  • Account verification level
  • Transaction history
  • Region
For fully verified users in the U.S., the limit can be up to $100,000/day. You can check or increase your limit by:
  • Going to Settings > Limits.
  • Completing identity verification steps.
  • Requesting a manual limit increase if needed.
 
Coinbase Debit Card Limit
The Coinbase Debit Card, powered by Visa, allows you to spend crypto directly. The limits are:
  • ATM withdrawals: Up to $1,000/day
  • Card purchases: Varies but often around $10,000/day
These can be found in your Card settings within the Coinbase app and may be adjusted depending on your account history and region.
 
Coinbase Deposit Limit
When depositing fiat to buy crypto, limits depend on the method:
  • ACH Transfer (U.S.): Up to $25,000/day
  • Wire Transfer: Higher limits, often unlimited
  • Debit Card Purchases: Usually $3,000–$7,500/week
You can increase your Coinbase deposit limit by linking and verifying a bank account and increasing your account trustworthiness over time.
 
Coinbase Purchase Limit
Buying crypto on Coinbase also has a purchase limit, which is influenced by:
  • Account verification status
  • Purchase method (ACH, card, etc.)
Typical purchase limits are:
  • ACH: $25,000 per day
  • Debit Card: Up to $7,500 per week
  • Wire Transfer: Usually no hard limits
Visit Settings > Limits to check your current Coinbase purchase limit.
 
Coinbase Transfer Limit
Sending or receiving crypto from your Coinbase account is subject to transfer limits, primarily based on:
  • Your account’s verification level
  • Transaction history
  • The cryptocurrency itself (some have network restrictions)
Limits are often high — $100,000/day or more — for fully verified users, and you can move funds between Coinbase and Coinbase Wallet without fees for internal transfers.
 
Coinbase Wire Transfer Limit
If you’re using wire transfers, good news: they often don’t have strict limits. However, your bank may impose its own transfer limits, so always check with them.
  • Incoming Wires to Coinbase: Unlimited in most cases
  • Outgoing Wires: Also usually unrestricted from Coinbase's side
  • Processing time: 1 business day
Use wire transfers for large transactions, as they’re more secure and faster than ACH.
 
Frequently Asked Questions
Q1: How long does it take to withdraw money from Coinbase to a bank account?
A1: Standard ACH withdrawals take 1–3 business days, while instant withdrawals (via Visa/MasterCard) are nearly immediate but include a fee.
Q2: Can I transfer funds between Coinbase and Coinbase Wallet instantly?
A2: Yes, internal transfers are instant and free between the two platforms.
Q3: Is there a fee to withdraw crypto or fiat from Coinbase?
A3: Yes, network fees apply for crypto. Fiat withdrawals via ACH are free; instant withdrawals have a 1.5% fee (min $0.55).
Q4: Can I link multiple bank accounts to Coinbase?
A4: Absolutely. You can add and verify several bank accounts in the Payments settings.
Q5: How can I raise my Coinbase limits?
A5: Complete identity verification, add a trusted payment method, and maintain a consistent usage history.
 
Conclusion
Whether you're looking to withdraw money from Coinbase, cash out from Coinbase Wallet, or simply transfer funds to Robinhood or your bank, the platform offers flexible, secure options. Knowing the right procedures and limits ensures smooth and efficient transactions with minimal fees and delays.
Ipoh Community Forums > Fun Corner > General Discussion > How to Cash out Coinbase Wallet & Withdraw Crypto?