How to move money out of coinbase

Q: Why cant I get my money out of Coinbase?

Its directly related to purchasing crypto or depositing fiat currency using a linked bank account. For security reasons, you will not be able to immediately withdraw fiat deposited using a linked bank account or send crypto purchased with such funds off of Coinbase Pro (we call this withdrawal availability”).

This article shows the process for withdrawing cryptocurrency (like ETH) from your crypto wallet to a cryptocurrency exchange to convert to your local currency. Before we get started, make sure you have the following:

Table of Contents Show

Withdrawing cryptocurrency to an exchange
Selling crypto for your local currency
Withdrawing your local currency
Why are my funds on hold?
Why can't I get my money out of Coinbase?
Can I transfer money from my Coinbase wallet to my bank account?
Can I transfer out of Coinbase immediately?

a crypto wallet connected with OpenSea (like MetaMask, Coinbase Wallet, Rainbow)
an account on a cryptocurrency exchange (like Coinbase or Binance)

Once you have those set up - let's dive in!

Withdrawing cryptocurrency to an exchange

For your first cryptocurrency withdrawal from your crypto wallet, we strongly suggest you withdraw a small amount first in order to familiarize yourself with sending cryptocurrency between two wallets.

This is to avoid sending your funds to an unknown or nonexistent wallet. Since transactions on the blockchain are irreversible, funds that are sent to the wrong address will likely be permanently lost.

For this tutorial, we'll be showing how to withdraw ETH from MetaMask to Coinbase. First, make sure to navigate to Coinbase's Ethereum wallet so you can see your ETH address.

This address is tied to your Coinbase account and should only be used for Ethereum, the ERC-20 token. Do not send NFTs to this address!

You can also view the address by pressing the Send/Receive button on the top right and selecting Ethereum.

Once you've copied your ETH address from your Coinbase account, head back to MetaMask and press Send. Enter the Coinbase ETH address as the recipient before deciding the Amount to transfer.

Once you've decided the amount to send, click Next. Confirm the transfer once you have reviewed the Estimated gas fee and Total amount.

Once your ETH has been sent from MetaMask, the transaction will appear in Coinbase after it has been confirmed on the Ethereum network. This may take several minutes depending on how busy the network is.

Selling crypto for your local currency

After some time, you should see the funds in your Coinbase account where you can swap your ETH for other currencies. You can Preview Sell once you've entered your amount.

Press Sell Now once you are satisfied with the details of the sale. You'll receive a confirmation message.

Withdrawing your local currency

To withdraw the proceeds of the sale, head to USD (or your local currency). Enter the amount you'd like to withdraw in the Cash out tab.

You'll be asked to Select a destination for your funds, and review any fees that may be applied to this withdrawal.

Although your Coinbase and Coinbase Pro accounts are linked, they have their own separate wallets. Transfers from Coinbase to Coinbase Pro are free.

Deposits to Coinbase is available on the Pro mobile app by going to the Portfolios page and tapping Deposit in the top right-hand corner.

To transfer funds from your Coinbase wallet to your Pro wallet, follow these steps:

Go to the Coinbase Pro trading page.
Select Deposit under Wallet Balance (a pop up window will appear).
Select the currency type (i.e. BTC, ETC) that you’d like to add cash to Pro from Coinbase.
Select Coinbase Account.
Enter the amount you would like to add cash to Pro from Coinbase. Please note that you will only be able to add funds that are “Available to deposit” .
Select Deposit at the bottom of the window.

To transfer funds from your Pro wallet to your Coinbase wallet, follow these steps:

Go to the Coinbase Pro trading page.
Select Withdraw under Wallet Balance (a pop up window will appear).
Select the currency type (i.e. BTC, ETC) that you’d like to cash out from Pro to Coinbase
Select Coinbase Account.
Enter the amount you would like to cash out from Pro to Coinbase.
Select Withdraw at the bottom of the window.

Important Note: Transfers between Pro and Coinbase count towards your Pro cashout limit. Requests to increase your Pro cashout limit can be submitted on your limits page.

Why are my funds on hold?

If you’re seeing Funds on Hold, it means that these funds are subject to a Coinbase cashout hold and cannot be transferred to Coinbase Pro yet. Although you can use these funds to buy or sell on Coinbase.com (not on Coinbase Pro), transfers or cashouts are restricted until the hold period is done. For more information, please visit our help page.

Why can't I get my money out of Coinbase?

It's directly related to purchasing crypto or depositing fiat currency using a linked bank account. For security reasons, you will not be able to immediately withdraw fiat deposited using a linked bank account or send crypto purchased with such funds off of Coinbase Pro (we call this “withdrawal availability”).

Can I transfer money from my Coinbase wallet to my bank account?

To transfer cash from Coinbase to your linked debit card, bank account, or PayPal account, you first need to sell cryptocurrency to your USD balance. After this, you can cash out the funds.

Can I transfer out of Coinbase immediately?

Since your local currency is stored within your Coinbase account, all buys and sells occur instantly. Cashing out to your bank account via SEPA transfer generally takes 1-2 business days. Cashout by wire should complete within one business day.