how to send money from coinbase wallet to bank account
Introduction
In this article, we will discuss how to send money from Coinbase wallet to a bank account. Coinbase is a popular digital currency exchange and wallet that allows users to buy, sell, and store various cryptocurrencies.
Step 1: Log in to Coinbase
The first step is to log in to your Coinbase account using your username and password. If you don't have an account, you will need to create one first.
Step 2: Connect your Bank Account
In order to send money from your Coinbase wallet to a bank account, you need to connect your bank account to your Coinbase account. Go to the "Settings" section in your Coinbase account and select "Linked Accounts." Then, click on "Link a New Account" and follow the instructions to add your bank account details.
Step 3: Verify your Bank Account
Once you have added your bank account, Coinbase will make two small deposits to your account. You need to verify these deposits by entering the amounts in your Coinbase account. This process may take a few business days.
Step 4: Transfer Funds
After your bank account is verified, you can now transfer funds from your Coinbase wallet to your bank account. Go to the "Accounts" section in your Coinbase account and select your wallet. Click on "Withdraw" and choose your bank account as the destination. Enter the amount you want to transfer and confirm the transaction.
Step 5: Wait for Processing
Once you initiate the transfer, Coinbase will start processing the transaction. The time it takes to complete the transfer may vary depending on your bank and the amount being transferred. It is advisable to check with your bank for any additional processing time.
Step 6: Confirm the Transfer
Once the transfer is completed, you will receive a confirmation email from Coinbase. You can also check your Coinbase account for the updated balance and transaction history.
Conclusion
By following these steps, you can easily send money from your Coinbase wallet to your bank account. Always double-check the details and ensure your bank account is connected and verified to avoid any issues during the transfer process.
