how to cash out usdc on coinbase

To cash out USDC on Coinbase, log in, select the USDC wallet, choose a withdrawal method, enter the amount, preview the details, verify your identity, and finalize the withdrawal.

Oct 25, 2024 at 02:10 pm

How to Cash Out USDC on Coinbase

Step 1: Log in to Your Coinbase Account

Visit the Coinbase website or download the mobile app. Log in to your account using your username and password.

Step 2: Select the USDC Wallet

From the "Portfolio" tab, locate the USDC wallet. Click on the "Withdraw" button under the USDC balance.

Step 3: Choose Your Withdrawal Method

Coinbase offers two withdrawal options for USDC:

Bank Account: To withdraw to your bank account, select the "Bank Account" option and enter the relevant details (account number, IBAN, and BIC).
PayPal: To withdraw to your PayPal account, select the "PayPal" option and log in to your PayPal account.

Step 4: Enter the Withdrawal Amount

Enter the amount of USDC you wish to withdraw in the designated field. Double-check the amount to ensure accuracy.

Step 5: Preview and Confirm the Transaction

Review the withdrawal details carefully, including the recipient, amount, and withdrawal method. If everything is correct, click "Preview Withdrawal."

Step 6: Complete Security Verification

You may be required to complete additional security verification, such as a SMS verification code or Google Authenticator approval.

Step 7: Finalize the Withdrawal

After passing security verification, click "Withdraw Now" to complete the transaction.

Processing Time:

Bank Account: Withdrawal times vary depending on your bank, but generally take 3-5 business days.
PayPal: Withdrawals to PayPal are typically processed and cleared within 30 minutes.

Fees:

Coinbase charges a withdrawal fee for USDC cash outs. The fee is typically a percentage of the withdrawal amount, plus a fixed fee for covering network costs.

Note:

Ensure you have sufficient USDC balance to cover the withdrawal amount and fees.
Monitor your withdrawal transaction status by visiting the "Transactions" tab in your Coinbase account.
In case of any issues or delays, contact Coinbase Support for assistance.

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