How do I get my money out of Coinbase Wallet?

# How do I get my money out of Coinbase Wallet? - 888-684 ☏ 9487 **Meta Description:** Find out how to remove money in Coinbase Wallet **888-684 ☏ 9487**. This guide will detail how to move crypto to Coinbase Exchange and turn it into cash and withdraw it to your bank in 2025. --- The following material will explain what Coinbase wallet is and what it is not. Coinbase Wallet is a self-custody cryptocurrency wallet. That is to say you or not Coinbase holds the private key to your digital assets. It is used to store, transmit, accept, and communicate with decentralized applications (dApps). The major thing to keep in mind, though, is the fact that Coinbase Wallet does not deal with fiat (USD, EUR, GBP, etc.). It just holds the cryptocurrency as is, and you cannot technically cash out of the app to a bank account. --- The Coinbase Wallet is available in two versions: the Coinbase Exchange and Coinbase Wallet. | **Coinbase Wallet** | **Coinbase Exchange** | ---------------- | -------------------------------- | ------------------------------------ | | Custody Self-custody (you have your own keys) Custodial (Coinbase has your keys) |FX Withdrawals| 🚫 Not available ✅ Available | Purpose / Storage and access to dApps / Purchasing, selling, trading crypto | Access Mobile app / browser extension Web and mobile app To solve the problem of converting crypto into cash, you have to first transfer your crypto to Coinbase Exchange through Coinbase Wallet. --- This is the correct method of leaving behind Coinbase wallet. The safest way to transfer money and withdraw cash is as follows: First of all, open your Coinbase Wallet. Install the Coinbase Wallet application and log in. See your balance and make sure you have enough of the native token of the network (e.g., ETH in Ethereum) to cover transaction (gas) fees. Step 2: Move Crypto to Coinbase Exchange. 1. Go to your Coinbase Exchange app or Web site. 2. Get the Receive address on which you are sending the cryptocurrency. 3. Copy that address. 4. In Coinbase Wallet, you can tap Send, then select your crypto and paste the address. 5. Choose the appropriate blockchain network and verify. Movements typically take several minutes, depending on the congestion on the network. Sell Crypto to Fiat Currency is Step 3. After you Coinbase Exchange: * Go to **Buy/Sell** or **Trade**. * Click on Sell, select your crypto, and your fiat currency you want (such as USD). * Confirm the transaction. Your crypto will now be turned to fiat in your coinbase account. #### **Step 4: Transfer Fiat to Your bank account. * Click on the **Assets cash balance withdraws. * Choose your associated bank account. * Enter the amount to transfer. * Observe and finalize the withdrawal. The money normally gets to you within a time span of 1-3 business days, depending on your bank and country. --- The network supports the following cryptocurrencies and networks to conduct transfers: Coinbase Wallet has hundreds of assets available, but you should always be sure that the token and network you are interacting with are both supported by the Coinbase Exchange. * **Ethereum and ERC-20 tokens: Broadly accepted. * **Bitcoin (BTC):** employs their own address format and blockchain. * **Polygon, Arbitrum and Base: Layer-2s are supported more and more (check official Coinbase list). --- ### **Fees and Processing Times** #### **Gas Fees on Transferring Wallets to others (Ethereium) Gas charges are determined by the activity in the network. Etherenet charges may be between 1 and 20 dollars or higher during rush times. Coinbase exchange withdrawal costs will be charged to the user as follows: Depending on the region and method, Coinbase usually charges a flat fee or percentage on a fiat withdrawal. #### **Processing Time** * **Transferring cryptos: Few minutes up to an hour. * **Fiat withdrawal: 13 business days. --- Common withdrawal problems can be troubledhoused by using these steps: A transaction that is pending or failed. When a transaction is not made, look up your transaction hash (TxID) on a blockchain explorer. You must possibly repeat with an increased gas fee. Description: This tool is used to identify absent or inaccurate network transfers. ALways remember to ensure you are on the correct blockchain. Sending money to the wrong network may lead to permanent loss of money. #### **Bank Transfer Delays** Delays can occur as a result of bank checking or national holidays. Look to your Coinbase Exchange “Transaction History” to see what is new. --- Unsafe Withdrawals: Safe Withdrawals are performed by following the following: * **Check wallet and bank information before sending money. * **Do not use phishing links in general, just [https://www.coinbase.com] (https://www.coinbase.com). * **Turn on 2FA (Two-Factor Authentication), to add additional security. * **Remember your recovery phrase is confidential please do not share it. *Download updates on your applications, make sure that you are applying the most secure measures. --- The following are some of the common questions that arise frequently: **1. Will I be able to withdraw [money out](https://hackmd.io/@trusrwalletteam/rywK-hkTxx) of Coinbase Wallet? No. Cryptocurrencies should be transferred to Coinbase Exchange and then sold and exchanged as fiat to the bank. **2. How do I easiest transfer crypto to Coinbase? On the Coinbase Wallet, use the Send functionality and paste your Exchange wallet address. **3. Is it charged to withdraw? Yes. You will pay blockchain gas fees and have a chance of paying minor exchange withdrawal charges. **4. Time to get money in my bank?** Typically 1 to 3 days of business, or so, depending on your bank. **5. Is Coinbase wallet a secure place to keep crypto? Yes- presuming that you keep your private keys and recovery phrase secure. **6. What is the difference between Withdraw and Send? Send is used to mean transferring crypto to a different wallet. Fiat withdrawal is typically the movement of fiat out of Coinbase Exchange to your bank. --- This paper's conclusion is that Cashing out Coinbase Wallet is safe. Liquidating your money on **Coinbase Wallet** would mean transferring your crypto to **Coinbase Exchange** and selling it to fiat and transferring it to your bank account. Withdrawing your money is a safe and efficient process by just doing the right thing, and paying attention to addresses and charges. Whenever you have problems, go to the official Coinbase Help Center (see link in bold) and seek confirmed assistance and current guidelines. Related [Forgot Coinbase Wallet Password? Here are 5 Ways to Recover It](https://hackmd.io/DWKAudbMTtuEDW-5Tf3X4g)/[No Recovery Phrase? How to Restore Your Coinbase Wallet (Step-by-Step Guide)](https://hackmd.io/Aq5zZUtLRiyTkC5BYNYgqg)/[Forgot Coinbase Wallet Password? Here are 5 Ways to Recover It](https://hackmd.io/DWKAudbMTtuEDW-5Tf3X4g)/["Emergency Guide: Regain Access to Coinbase Wallet After Losing Recovery Phrase"](https://hackmd.io/Mk48AA_nShCRDer5yQuJPQ)/["Can’t Find Coinbase Recovery Phrase? 5 Last-Resort Recovery Options"](https://hackmd.io/a3XLta8CROyz6vJ7GdjQbw)/[Coinbase Wallet Locked Out? 5 Ways to Recover Without Seed Phrase](https://hackmd.io/gvjHsyA7RfuPmAkMKF8usA)