When it comes to buying and selling cryptocurrencies, Coinbase is one of the most popular exchanges out there. And for good reason – it’s user-friendly, has a wide range of features, and is one of the most trusted names in the industry.
One thing that Coinbase is known for, however, is its relatively long withdrawal times. In comparison to other exchanges, it can take a while for your withdrawal to hit your bank account or cryptocurrency wallet.
So, can you withdraw money from Coinbase instantly? The short answer is no – Coinbase doesn’t offer instant withdrawals. However, there are a few ways that you can speed up the process.
First, if you’re withdrawing to your bank account, you can use the “instant” feature. This will send your withdrawal as an ACH transfer, which typically takes 1-2 business days to process.
Note that there is a 1% fee for using this feature.
Second, you can use a service like Coinbase Pro or Kraken to withdraw your funds more quickly. These exchanges typically have much shorter withdrawal times than Coinbase – sometimes even instant! However, they also tend to be more complicated to use and have higher fees.
Finally, if you’re withdrawing to a cryptocurrency wallet, you can use a service like Changelly or Shapeshift. These services will instantly convert your coins into another currency (like Bitcoin or Ethereum) and send them to your wallet.
However, they generally have higher fees than exchanges like Coinbase.
In conclusion, while you can’t withdraw money from Coinbase instantly, there are a few ways that you can speed up the process. If you need your funds quickly, we recommend using the “instant” feature (if available) or withdrawing to a cryptocurrency wallet using a service like Changelly or Shapeshift.