How to Cash Out from Coinbase Wallet

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Want to turn your crypto into cash? Here’s a step-by-step guide on how to cash out from your Coinbase Wallet. Let’s get started!

Step 1: Open Coinbase Wallet

  • Launch your Coinbase Wallet app on your phone.
  • Make sure you’re logged into the correct wallet where your crypto is stored.

Step 2: Transfer Crypto to Coinbase (If Needed)

If your crypto is still in the wallet and not on Coinbase, you need to move it.

  • Open Coinbase Wallet and click on Send.
  • Enter the amount of crypto you want to transfer.
  • Paste your Coinbase wallet address (you can find this on the Coinbase website/app under Receive).
  • Confirm the transaction.

Step 3: Sell Your Crypto on Coinbase

Once the crypto is in your Coinbase account:

  • Open the Coinbase app or website.
  • Go to your Portfolio and select the crypto you want to sell.
  • Tap Sell and enter the amount you want to convert into cash.
  • Choose the payment method (e.g., bank transfer, PayPal).

Step 4: Cash Out to Your Bank

After selling your crypto for USD or another currency:

  • Choose the Withdraw option on Coinbase.
  • Select your bank account or preferred withdrawal method.
  • Enter the amount you want to transfer to your bank and confirm the transaction.

Step 5: Wait for the Transfer

Depending on your payment method, it might take anywhere from a few minutes to a couple of days for the cash to show up in your bank account.