How do I get my money out of Coinbase?

With the rising popularity of cryptocurrencies like Bitcoin, Ethereum, and others, many people have bought crypto and stored it on exchanges like Coinbase. At some point, you may want to take some or all of your money out of Coinbase. Here are the most common ways to withdraw your funds.

Transfer to a bank account

The easiest way to get your money out of Coinbase is to transfer it to your linked bank account. Here’s how:

  1. Log into your Coinbase account and click on the Accounts tab
  2. Select the USD Wallet or corresponding fiat currency
  3. Click on Deposit/Withdraw
  4. Select Withdraw Funds
  5. Enter the amount you want to withdraw
  6. Select your linked bank account
  7. Review and confirm the withdrawal

It typically takes 3-5 business days for the money to show up in your bank account via ACH transfer. You can also request a wire transfer for a $10 fee, which will deliver the funds more quickly.

Send to PayPal

If you have a PayPal account, you can withdraw from Coinbase directly to PayPal like this:

  1. Go to Accounts and select your USD wallet
  2. Click Withdraw Funds
  3. Enter the amount to withdraw
  4. Select PayPal as the withdraw method
  5. Enter your PayPal email address
  6. Review and confirm the withdrawal

The funds will show up in your PayPal account within 1-2 business days. There is a fee of $0.25 cents plus 2.5% of the transaction for withdrawals to PayPal.

Sell to PayPal

Rather than withdrawing USD funds to PayPal, another option is to sell crypto on Coinbase and have the funds sent to PayPal. Here is how:

  1. Go to your crypto wallet (like BTC or ETH)
  2. Click Trade
  3. Select PayPal as the sell method
  4. Enter the amount of crypto you want to sell
  5. Confirm the sale details

The equivalent USD value will be sent to your PayPal account. This typically has faster delivery times than ACH bank transfers.

Cash out to debit card

You can instantly cash out from Coinbase to a Visa debit card. Here’s how it works:

  1. Go to Accounts and select your BTC or other wallet
  2. Click on Trade
  3. Select Cash Out
  4. Choose the crypto amount to sell
  5. Enter your debit card info
  6. Confirm the cash out details

The funds will automatically be available on your debit card for spending or ATM withdrawals. There is a fee of 2.49% applied to debit card cash outs.

Withdraw to Payoneer

Payoneer is a financial services company that provides digital wallets and payment cards. You can withdraw from Coinbase to your Payoneer account like this:

  1. Go to your USD Wallet
  2. Click Withdraw Funds
  3. Select Payoneer and enter your email
  4. Enter the withdraw amount
  5. Confirm withdrawal details

It takes 1-3 business days for the funds to reach Payoneer. The fee for withdrawals is $3 plus 1% of the transaction.

Transfer crypto to external wallet

To fully take control of your crypto funds, you can transfer them off Coinbase to an external crypto wallet that you control. For example:

  • Bitcoin can be sent to wallets like Electrum, Trust Wallet, Ledger, etc.
  • Ethereum can go to MetaMask, MyEtherWallet, Exodus, etc.
  • Dogecoin can be transferred to Exodus, Dogechain, Jaxx Liberty etc.

To make the transfer, go to the Deposit/Withdraw page for the corresponding crypto. Enter the amount to send and the address of your external wallet. Double check the wallet address is correct before sending.

Trade for gift cards

Rather than cashing out your crypto, another option is trade it for gift cards that can be used for purchases at popular retailers. You can get gift cards for:

  • Amazon
  • Apple
  • eBay
  • Google Play
  • PlayStation
  • Xbox
  • And more…

Just go to your BTC or other crypto wallet, select Trade, choose “Gift cards” and pick the card you want. Enter the crypto amount to trade and complete the details. The gift card funds will show up in your Coinbase account.

Use a Coinbase debit card

The Coinbase Card allows you to spend your crypto anywhere Visa is accepted. You can order the card through the Coinbase app. Then you can:

  • Top up the card with crypto
  • Make purchases using crypto at any retailer
  • Withdraw cash from ATMs

Using the Coinbase card essentially gives you an easy way to indirectly cash out your crypto without needing to withdraw to your bank.

Earn interest

Rather than cashing out your crypto, another option is to earn interest on your Coinbase balance by lending it out. You can earn up to 8% APY on stablecoins like USDC by lending to other users.

To start earning interest, go to your Accounts page and select “Earn interest”. Choose which crypto asset to lend and the amount. Then confirm the details.

Letting your crypto work for you by earning interest can be a smart way to maximize returns without cashing out.

Convert between cryptocurrencies

With over 100 cryptocurrencies supported on Coinbase, you can convert between different crypto assets as an alternative to cashing out to fiat currency.

For example, you could swap Bitcoin for Ethereum, Litecoin, Dogecoin, stablecoins like USDC, and vice versa. This allows you to take profits or change up your portfolio.

To convert one crypto to another, go to the Deposit/Withdraw page of the starting currency. Choose the amount to convert, select the receiving currency, review details, and complete the conversion.

Send crypto to other Coinbase users

An easy way to cash out your crypto is to send it to another Coinbase user, who can then withdraw the funds.

To do this:

  1. Go to the Settings tab and select “Payment methods”
  2. Add a new payment method
  3. Choose the “Send to Coinbase user” option
  4. Enter the email address of the recipient
  5. Go back to your BTC or crypto wallet
  6. Click Send/Receive and enter the email address
  7. Confirm details and send

The downside is the recipient will need to cash out themselves and then send you the money.

Sell on Coinbase Pro

Coinbase Pro offers a professional crypto trading platform with lower fees. You can withdraw funds from Coinbase Pro to your linked bank account for free.

To cash out on Coinbase Pro:

  1. Deposit crypto from Coinbase to Coinbase Pro
  2. Navigate to the Markets tab and select your crypto
  3. Choose Sell and enter the order details
  4. Withdraw the funds to your bank account

This allows you to cash out your crypto at the best possible rates with minimal fees.

Sell on Coinbase Commerce

Coinbase Commerce allows merchants to accept crypto payments on any website or mobile app. If you have a Commerce account, you can easily cash out crypto to your business bank account.

To withdraw crypto funds from Commerce:

  1. Go to account settings
  2. Click “Link new payout account”
  3. Enter your bank account details
  4. Go to payouts tab
  5. Select desired crypto and enter amount to sell
  6. Confirm payout details

The funds will deposit directly into your business bank account. This is a great option for merchants with Commerce.

Donate to charity

You can also cash out your crypto by donating it to charity through Coinbase. Some options include:

  • – Direct cash transfers to people living in poverty
  • GiveDirectly – Unconditional cash transfers to extremely low income households
  • Charity: water – Bring clean water to people in developing countries

Donating crypto to causes you care about is a tax-deductible way to cash out while also giving back.


In summary, there are many options for withdrawing your funds out of Coinbase, depending on your needs:

  • ACH transfer or wire transfer to your bank account
  • Sell to or withdraw to PayPal
  • Cash out to debit card
  • Send to Payoneer account
  • Transfer crypto to external wallet
  • Trade for gift cards to popular retailers
  • Spend using Coinbase debit card
  • Earn interest by lending
  • Convert between cryptocurrencies
  • Send to other Coinbase users
  • Sell through Coinbase Pro or Commerce
  • Donate to charity

The best option depends on how quickly you need the funds, if you want to cash out to crypto or fiat currency, fees, and other factors. Carefully consider the pros and cons of each method.

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