How Can You Withdraw From Coinbase: A Step-by-Step Guide

Frozen Crypto Funds How Can You Withdraw From Coinbase: A Step-by-Step Guide

How Can You Withdraw From Coinbase: A Step-by-Step Guide

Coinbase is an easy-to-use cryptocurrency buying and selling platform trusted by millions of people worldwide. Even with its user-friendly interface, new crypto enthusiasts may get stuck on how to make withdrawals from Coinbase. Even if you follow all these instructions to the letter, your withdrawals could still be disabled for arbitrary reasons.

Even seasoned crypto buyers, sellers, and traders sometimes have difficulty navigating an exchange's deposit and withdrawal guidelines. Having your financial assets locked by a corporate entity can be one of the most stressful things to experience. If you're having problems with Coinbase withdrawals, DoNotPay can provide a fix!

How to Make a Withdrawal From Coinbase

If you'd like to cash out as an individual Coinbase user, log in to your Coinbase account and complete these steps:

  1. Make sure that a valid payment method has been linked to your account.
  2. Go to the Assets page and select your cash balance.
  3. Specify the amount of money you wish to withdraw under the Cash out tab.
  4. Choose where you need the cash to be delivered.

After you click Cash out now, your transaction will be completed. You can also withdraw assets on the Coinbase mobile app in the Cash out section (located in the More tab).

Note that your crypto must be converted into a fiat currency (such as USD) before it can be delivered to a bank account. To do this, click the Buy/Sell button at the right corner of your account page. Enter the amount of crypto that you'd like to convert to USD and click Preview Sell to confirm.

When Will Your Funds be Released by Coinbase?

U.S. customers using Paypal should be able to access their funds instantly. If you're sending the assets to a bank account, they should be deposited within five days.

Does Coinbase Have Withdrawal Limits?

Your withdrawal limit on Coinbase depends on the payment method of your choosing. Typically, Coinbase users can only withdraw up to $50,000 within a 24-hour period. If you're a Coinbase Commerce user, you don't have to worry about any limits.

To be considered for higher limits, visit the Limits page on your Coinbase account. Choose the increase limits option and specify the threshold of your new limit.

Coinbase approves limit requests at its discretion. You can increase your chance of approval by providing:

  • Bank statements
  • Income tax forms
  • An updated LinkedIn profile

Even if you don't have those supporting credentials, Coinbase still requires at least a few details to justify your request. You'll receive an email if you don't qualify for a limit increase. Otherwise, your limit threshold will be updated automatically.

Problems You May Encounter When Trying to Withdraw Assets from Coinbase

The reasons for Coinbase withdrawal issues can vary from minor to extreme. Here are some of the most common ones:

  • Lack of verification
  • Your account is too new
  • Glitches on the exchange's website
  • Suspicious activity on your account

If you're not sure what the problem could be, you'll have to reach out to Coinbase's customer care team.

Customer Support Numbers
CountryToll-free

Phone Number

Local

Phone Number

Hours of Operation
 USA/International+1 (888) 908-7930+1 (844) 613-149924/7
 UK+44 808 168 4635+44 151 308 17688 am - 9 pm GMT daily
 Ireland1800 200 355+353 1 529 51328 am - 9 pm GMT daily
 India 000 8000503236+91 11712798599 am - 6 pm IST

Monday-Friday

Live chat can be accessed by clicking on the 'Message us' bubble at the bottom-right corner on any Coinbase site page. You can also fill out a support ticket on the Contact us page. A representative will respond to your inquiry via email.

Can My Coinbase Account be Frozen Over a Withdrawal?

Coinbase should only freeze your account if you've violated a rule in the User Agreement. Your account may also be closed without your consent if there is an instance of fraudulent activity.

In most cases, you can still withdraw your remaining balance from a closed account. Flat currency can be deposited into a bank account, while digital funds must be sent to a third-party wallet provider. If you're unable to access your funds for any reason, it may be time to consult DoNotPay.

Here's the Quickest Way to Fix Any Coinbase Withdrawal Issues

Withdrawing hard-earned assets from your Coinbase account should always be easy, so it can be a huge headache when things don't go as planned. Not everyone has the time to stay on the phone for extended periods of time with customer service.

If your account has been unfairly flagged, you may be waiting even longer for a resolution while the company investigates the issue. That's no excuse to keep your assets tied up, which is why DoNotPay wants to help.

DoNotPay is always the simplest way to legally demand access to your Coinbase account and your funds by automatically sending the exchange a demand letter, getting your assets released quickly. All you have to do is:

  1. Search "Crypto" on DoNotPay.

     

  2. Select the crypto exchange platform you use.

     

  3. Tell us when this problem started and estimate the losses you incurred from your inability to make trades/cash out.

     

DoNotPay will handle the rest by sending your demand letter directly to Coinbase. You're free to escalate the issue in small claims court if you don't hear back from the exchange after 14 days.

Can DoNotPay Do Anything Else?

DoNotPay can help you with crypto issues:

DoNotPay is also the easiest way to:

If your Coinbase withdrawal fails to go through, join DoNotPay!

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