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Official +1(903) 375-0186 How to Withdraw Money from Coinbase Wallet to Bank Account
Coinbase is one of the most popular cryptocurrency platforms in the world, known for its user-friendly interface and robust security features. If you're new to cryptocurrency, you might be wondering how to withdraw your money from Coinbase Wallet to your bank account. In this guide, we'll walk you through the entire process, from setting up your Coinbase account to transferring funds to your bank account.
What Is Coinbase, And How Does It Work?
Coinbase is one of the most popular cryptocurrency exchanges in the world. Established in 2012, it provides a platform for buying, selling, transferring, and storing digital currency. Coinbase supports a wide range of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and USD Coin (USDC). Users can manage their crypto assets through the Coinbase website or mobile app, both of which offer a user-friendly interface.
How Does Coinbase Work?
Coinbase operates as a digital wallet where users can store their cryptocurrencies. It also functions as a trading platform, allowing users to buy and sell cryptocurrencies using fiat currencies like the US dollar. The platform ensures security through various measures, including two-factor authentication and encryption.
How To Set Up a Coinbase Account and Withdraw Your Money
Setting Up a Coinbase Account
Visit the Coinbase Website:Go to the Coinbase website.
Sign Up:Click on "Get Started" and enter your email address. Create a strong password and agree to the terms.
Verify Your Email:Coinbase will send a verification email. Click the link in the email to verify your account.
Add Personal Information:Provide your name, date of birth, address, and social security number for identity verification.
Verify Your Identity:Upload a government-issued ID to complete the verification process.
Add a Payment Method:Link your bank account, debit card, or PayPal account to your Coinbase account.
Withdrawing Money from Coinbase
Log In:Access your Coinbase account by logging in.
Go to the "Assets" Section:Click on "Assets" in the main menu to view your cryptocurrency holdings.
Select the Cryptocurrency to Withdraw:Choose the cryptocurrency you want to convert to fiat currency.
Sell Cryptocurrency:Click "Sell" and enter the amount you wish to sell. Select your preferred payment method.
Withdraw Funds:Once your cryptocurrency is sold, go to the "Portfolio" section. Click "Withdraw" next to your fiat balance.
Choose Withdrawal Method:Select your linked bank account and confirm the withdrawal amount.
Confirm the Transaction:Review the details and confirm the withdrawal.
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