In this article we will show you how withdraw money from Coinbase, either Fiat money, euros or dollars to your bank account, PayPal or cards; so you can use it both physically and online.
Coinbase is a great cryptocurrency or virtual money platform, which allows its users to manage, store and make transactions from its platform, in order to increase the sale or investment capital. So read on and learn about the withdrawal process.
Ways to withdraw money from Coinbase
There are different ways to withdraw money from Coinbase, be it to PayPal, to cards or to bank accounts. We will talk one by one so that you have a wide range of options to use your virtual money.
Withdraw money from Coinbase to a bank account
This is often the most common option among Coinbase users, as it is the most commonly used 'wallet'. We give you a step-by-step tutorial on how to withdraw your money to your bank account:
1. Sign in or create an account at Coinbase
As is quite evident, having a Coinbase account is a primary requirement in order to continue with the withdrawal steps. We briefly explain what you must do to create an account on Coinbase.
- Go to the Coinbase website and select the "Get Started" option.
- Fill in the form with all your personal data.
- Verify your registration through an email that Coinbase will send to the email with which you are registering.
- Activate 2-step verification to give your account much more security.
- Confirm your identity with a personal document.
- Add a payment method. Those that Coinbase allows are: PayPal, bank account and credit or debit card.
The same way, On our website we have several articles about Coinbase for you to soak up this platform of digital wallet function and cryptocurrency transactions.
2. Locate the option «Portfolio»
The "Portfolio" option is the one where you can find all your virtual money. This option is in the main panel that appears after logging in. You can locate this tab at the top of the screen.
3. Choose the money to withdraw
Then when the new page opens, you will go down until you find the section "Your assets". In this section are all the types of money and currency that you have assets in your Coinbase account. What you should choose is from which you want to withdraw the funds.
4. Go to the «Withdraw» section
When you choose the account from which you want to withdraw, a new page will open showing you all the data of that portfolio or account. You must locate the option "Withdraw" and click.
5- Determine the amount of the withdrawal
Just below the "Withdraw" option You must write the amount for which you want to make the withdrawal. Remember that the amount must be according to what you have in your wallet or account.
6- Determine the payment method
As we mentioned before, Coinbase supports 3 types of payment, in this case you will select your bank account. This step is to determine where the withdrawn funds will go.
To finish the process, you must confirm the withdrawal of funds through a verification that the platform itself will indicate to you. Then you will have to wait for the transaction to be confirmed and that's it.
Withdraw to PayPal and credit cards
The process to fund these options is quite similar to the previous process. The only thing is that the step of selecting the payment method you must select your PayPayl account and your cards.
It's that simple to withdraw funds from Coinbase. You should not worry any more about how you will use that money since in this article we explain everything.