There are a few ways to get money out of your Coinbase wallet. The most popular way is to sell your Bitcoin, Ethereum, or Litecoin on the Coinbase platform and withdraw the proceeds from the sale into your bank account.
You can also withdraw cryptocurrency from your Coinbase wallet to another wallet, such as a hardware wallet like the Ledger Nano S. Finally, if you have a business account with Coinbase, you can use the Coinbase Merchant Tool to accept cryptocurrency payments and then withdraw the funds to your bank account.
To sell Bitcoin, Ethereum, or Litecoin on Coinbase:
1. Log into your Coinbase account and go to the “Sells” page.
2. Enter the amount of cryptocurrency you want to sell and select the currency you want to sell it for (USD, EUR, GBP).
3. Review the transaction and click “Sell Now”.
4. The proceeds from the sale will be deposited into your chosen fiat currency wallet on Coinbase.
From there, you can withdraw the money to your bank account.
To withdraw cryptocurrency from Coinbase to another wallet:
1. Log into your Coinbase account and go to the “Accounts” page. Select the currency you want to withdraw and click “Send”. Enter the amount you want to withdraw and paste in the address of your receiving wallet. Be sure to double check that you’re using the correct address!
4. Review the transaction and click “Withdraw”.
The funds will be sent from your Coinbase wallet to your receiving wallet shortly thereafter. Note that there may be a network transfer fee charged by the blockchain for this transaction. For example, when withdrawing Bitcoin off of Coinbase, there is a BTC network fee charged which goes to miners on the Bitcoin network in order to confirm transactions. This fee is paid by default from your available balance when making a withdrawal and is typically around 0.
0001-0.001 BTC depending on network conditions at that time. The network fee is displayed upfront when making a withdrawal so that you’re aware of it before completing the transaction.
In conclusion, there are a few different ways that you can get money out of your Coinbase wallet – selling cryptocurrency on the platform and withdrawing fiat currency to your bank account being the most popular method. You can also withdraw cryptocurrency directly to another wallet, such as a hardware wallet like Ledger Nano S, or use the Coinbase Merchant Tool if you have a business account in order to accept cryptocurrency payments and then withdrawn those funds to your bank account.