Coinbase, Exchanges

Why Can’t I Withdraw My USD From Coinbase?

It’s a common question – why can’t I withdraw my USD from Coinbase? After all, you should be able to do what you want with your own money, right?

The answer has to do with regulation. In the United States, Coinbase is regulated as a Money Service Business (MSB).

That means we have to follow strict anti-money laundering (AML) and know-your-customer (KYC) rules.

NOTE: WARNING: Before attempting to withdraw USD from Coinbase, please ensure that you have verified your identity and linked a payment method to your account. In some cases, Coinbase may block withdrawal attempts if it cannot verify the account information associated with the withdrawal request. Furthermore, Coinbase may also require additional documentation or proof of identity before allowing a withdrawal. If you experience any issues withdrawing USD from Coinbase, please contact Coinbase customer service for assistance.

One of those rules is that we can’t allow our customers to send money to an unlicensed entity. So if you try to withdraw USD to a bank account that doesn’t have a Coinbase account associated with it, we’ll prevent the transaction from going through.

We understand that this can be frustrating. But it’s important to remember that these rules are in place to protect you, our customers, from fraud and other illegal activity.

At Coinbase, we’re always working on ways to make it easier for our customers to comply with regulations. We hope that in the future we’ll be able to offer more flexibility when it comes to withdrawing USD.

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