If you’re like most people, you probably have a Coinbase account and are wondering how long it will take to withdraw cash from it. The answer, unfortunately, is not as straightforward as you might hope.
It all depends on how you want to withdraw your money. If you want to sell your Bitcoin or Ethereum and then withdraw the cash to your bank account, it will take a few days for the transaction to go through.
It is important to remember that Coinbase is not a bank and cannot provide cash withdrawals. Depending on your country, you may be able to purchase cryptocurrency with your bank account and then exchange it for cash. Please be aware of the risks associated with trading cryptocurrencies and do your own research before making any investments. Additionally, Coinbase does not guarantee when funds will arrive in your account, so it is important to check with your bank for exact processing times.
If you want to use a service like PayPal or Venmo to withdrawal your cash, it will take even longer. Coinbase has to first convert your cryptocurrency into US dollars, and then send the money to the third-party service.
That process can take a few days.
So, if you’re patient, you can probably expect to see your cash in hand within a week of initiating the withdrawal. But if you need your money sooner than that, you might want to look into other options.