How to Cash Out From Coinbase to Your Bank: A Complete Guide
Turning cryptocurrency into money you can spend or transfer to your bank account is one of the most common things Coinbase users need to do. Whether you have sold Bitcoin, Ethereum, USDC, or another supported cryptocurrency, the basic process is to sell the crypto for a supported cash balance and then withdraw that balance to an eligible payment method.
In this guide, we explain how to cash out from Coinbase, how to transfer the money to a bank account, what to do if your funds are unavailable, how long withdrawals can take, and how Coinbase Wallet differs from the regular Coinbase exchange.
How to Cash Out From Coinbase
For many users, the process has two main stages:
- Sell your cryptocurrency for a cash balance, such as USD.
- Withdraw the available cash balance to your bank account or another supported payment method.
Coinbase states that selling cryptocurrency to a Coinbase cash balance is generally instant, although funds subject to a hold are not immediately withdrawable.
Once you have an available cash balance, Coinbase's current withdrawal flow is:
- Sign in to Coinbase.
- From the Home page, select Withdraw Cash.
- Enter the amount you want to withdraw.
- Select the currency and the destination under Transfer To.
- Select Preview.
- Review the withdrawal amount, destination, estimated timing, and applicable fees.
- Select Withdraw Now to submit the transaction.
The Coinbase mobile app uses a similar process. From Home, select Cash, then Withdraw, followed by Withdraw Cash, enter the amount, select the destination, review the transaction, and confirm the withdrawal.
How Do I Cash Out From Coinbase?
If you are asking “How do I cash out from Coinbase?”, the first thing to determine is whether your cryptocurrency has already been converted into cash.
For example, suppose you own $2,000 worth of Bitcoin. That Bitcoin is still a cryptocurrency asset, not a $2,000 cash balance that can necessarily be sent directly to your bank.
You generally need to:
Bitcoin → USD cash balance → bank account
The first transaction converts the cryptocurrency into your supported cash balance. The second transaction moves that cash from Coinbase to your bank or another eligible withdrawal method.
Coinbase says customers should check their available balance because the amount shown as the total account value can include assets that cannot currently be transferred or cashed out.
Step 1: Check Your Available Balance
Before attempting a withdrawal, check how much money Coinbase identifies as available for cash out.
Your total portfolio value is not necessarily the same as your withdrawable balance. Cryptocurrency, stocks, funds, and cash subject to holds can affect what is available.
This distinction is important if you have recently:
- Deposited money by bank transfer
- Purchased cryptocurrency
- Sold another asset
- Added a new payment method
- Received funds that are still processing
- Encountered a security or compliance restriction
If your available balance is lower than expected, the issue may be a temporary hold rather than a problem with the account.
How Do I Cash Out of Coinbase to a Bank Account?
To cash out to a bank account, you first need an eligible bank account connected to Coinbase.
For U.S. customers, Coinbase says the bank account must be in the customer's legal name and match the name on the Coinbase account. Coinbase may also require verification that the customer owns the bank account.
Once the bank account has been added and verified:
1. Open Coinbase
Sign in through the official Coinbase website or mobile application.
2. Open the cash withdrawal function
On Coinbase's website, select Withdraw Cash from the Home page.
On the mobile app, select Cash, then Withdraw, followed by Withdraw Cash.
3. Enter the amount
Enter the amount you want to transfer.
If you want to withdraw everything that is currently available, Coinbase provides a maximum withdrawal option in the cash-out flow.
4. Select your bank account
Choose the eligible bank account under the transfer destination.
5. Review the transaction
Use the Preview screen to check:
- Withdrawal amount
- Destination
- Applicable fees
- Estimated completion time
- Any restrictions or warnings
6. Confirm
If everything is correct, submit the withdrawal.
Keep the confirmation information until the funds arrive in your bank account.