Coinbase wallet is a non-custodial wallet developed by Toshi Holdings Ltd., which is owned by Coinbase. Unlike the Coinbase app, which lets you buy and sell coins and manage your fiat and coin holdings on the Coinbase platform, Coinbase wallet is like other mobile wallet apps where the private key to your coins is held on your mobile device. Also, have to put it in his EUR wallet within Coinbase, i.e change it into euros. Step #4 – Withdrawal your funds. After completing all the above-mentioned steps, in order to actually take money out, a user will need to choose his EUR wallet on the left-hand side of the page. And afterwards, will have to select “withdraw” in the top-right. Most exchanges don’t allow direct cash-out, so you’d have to use third-party services. Coinbase is one of the most popular Bitcoin exchanges. It’s trusted, highly secure and very fast. Many traders, investors and other cryptocurrency enthusiasts use Coinbase to buy and cash out BTC. Bitcoin cash-out with Coinbase. A step-by-step guide.

1. How To Cash Out In Coinbase Wallet
2. How To Cash Out Of Coinbase Wallet
3. Move Coins From Coinbase To Private Wallet
4. Do I Need A Wallet With Coinbase
5. How To Set Up Coinbase Wallet

1. The Coinbase platform is mainly used as a way to convert between local fiat currencies and cryptocurrencies. As a result, Coinbase.com is where many users start their investment in cryptos and also where they cash back out to fiat currency. Coinbase supports the conversion of 32 local currencies all of which are listed here on the Coinbase website.
2. Start the withdrawal. Once you’ve done all of the above, to actually withdraw money select your EUR wallet on the left-hand side of the page and then ‘withdraw’ in the top-right. This will initiate a SEPA transfer back to the account you verified in Step 1 above.

In this article I will show you the easiest way to convert cryptocurrency to cash in 2021.

I will also give you a step by step guide exactly on how to exchange your crypto to cash, so keep reading.

The way to do it is through the trading platform Coinbase.

The steps you need to take to be able to sell cryptocurrency on Coinbase are the following:

1. Create an account on Coinbase.
2. Connect your bank account to Coinbase with a deposit from your bank account.
3. Convert crypto to cash into your bank account.

Coinbase is a fully regulated and licensed cryptocurrency exchange from the USA and it’s also one of the most trusted exchanges when it comes to money transactions and storing coins.

The only thing you need to do is to connect your bank account with a first deposit and then you are able to convert cryptocurrency to USD or any other fiat currency.

It takes a little bit of time to transfer the coins to Coinbase and then get connect your bank account but it’s definitely the easiest and safest platform to do it.

To sell cryptocurrency for cash on Coinbase takes about 2-5 work days before you will see your money in your account.

How to convert Cryptocurrency to cash – Step by Step

So the first thing you want to do is to visit the exchange and create an account.

It’s very easy and it only takes a few minutes.

When you are done creating your account you want to choose a fiat currency and make a first deposit with your bank account

I used EUR but you can use USD or GBP.

When you have made a deposit with either EUR, USD or GBP you are free to convert cryptocurrency to cash into your bank account.

Now, after you have registered with Coinbase, let’s go through everything step by step.

Convert Cryptocurrency to Cash – Step 1

On the first page of Coinbase, click Portfolio at the top section.

This will take you to your portfolio where you will be able to see your assets, which is either fiat currencies or crypto.

Cash Out Cryptocurrency – Step 2

Next you want to click the top fiat currency in your list.

For me it is EUR but you might see GBP or USD.

How to sell Cryptocurrency for cash – Step 3

After you click your fiat curreny you will see this:

What you want to do here is to click the Deposit button to the right.

Here you can acutally see some of my withdrawals to my bank account.

Convert Cryptocurrency to USD – Step 4

After you click Deposit you will see this window:

Fill in the name of your bank and your full name connected to your bank account.

This is information Coinbase will use to accept your bank transfer to the platform.

Convert Cryptocurrency to cash – Step 5

When you have filled in this information and clicked Continue, this window will pop up:

This is the Coinbase bank account information.

This is the bank account you are going to send your funds to, from your own bank account.

How to convert Crypto to cash – Step 6

How To Cash Out In Coinbase Wallet

The last thing you want to do is to make a bank transfer from your own bank account to this bank account.

It will take a little while for the funds to arrive, but after that you have connected your account to Coinbase.

This is how to sell cryptocurrency for USD, GBP, or EUR.

As you can see, it’s very easy to cash out crypto, it only takes a few days for the bank transfers to go through.

When that is done you can convert crypto to cash as often as you want.

How to sell Cryptocurrency for USD

If you live in the USA or any other country and you want to convert cryptocurrency to USD you are very lucky.

The way to sell your crypto for USD is very simple.

The only thing you need to do is to create an account on Coinbase and then connect your bank account.

Coinbase is one of the best cryptocurrency and altcoin exchanges on the market today.

The way you do it is to make a first deposit with your bank account.

Then when it’s connected to the exchange you are able to convert crypto to USD into your bank account.

The transaction might take anywhere from 2-5 workdays, but that’s worth it if you want a safe way to cash out your cryptocurrency.

Now you know how to sell cryptocurrency for USD and if you need a guide to help you, check the step by step guide at the beginning of this article.

Conclusion

This has been a step by step guide on how to convert cryptocurrency to cash.

If you are interested in how to cash out crypto, how to sell cryptocurrency for USD, or how to sell crypto in general, this guide is all you need.

The best way to sell your cryptocurrency is through Coinbase and in this guide I’ve laid out exactly how to do it in a simple format to follow.

It’s pretty easy to do it, the only thing that takes time is the bank transfers between the Coinbase account and yours.

Once you bank account has been connected to Coinbase you are free to cash out crypto.

FAQs

Yes, it can. The easiest way to exchange cryptocurrency for cash is through Coinbase.

There are three steps to cash out Cryptocurrency.
1. Create an account on Coinbase.
2. Connect your own bank account with a bank transfer deposit.
3. After you have connected your bank account you can now sell cryptocurrency for cash to your own bank account.

Coinbase lets you convert cryptocurrency to USD, GBP, or EUR.
Read the this step by step guide to learn exactly how to do it.

Coinbase lets you sell Cryptocurrency for cash in a very easy way.
Read this tutorial to know exactly how to do it.

Related topics:

Anton Palovaara, Trader since early 2015 and experienced Account Manager at an International CFD-broker.

Now sharing his trading insights and helping Cryptocurrency and Bitcoin traders learn more about how to approach the markets.

UPDATE 18 January 2021: We have decided to clean up our Cryptocurrency Wallet List. In line with that ambition, we have removed all cryptocurrency wallets that you automatically receive/create when opening up an account with a specific cryptocurrency exchange from the list. Coinbase Wallet is one of those wallets. We kindly ask you to visit Coinbase Exchange instead for a more detailed review on Coinbase's offering.

To find a secure wallet not connected to an exchange, please refer to our Cryptocurrency Wallet List.

Coinbase Wallet Review

The Coinbase exchange offers one of the most secure wallets to store digital assets. Coinbase wallet allows users to interact with Ethereum DApps via its integrated DApp browser. If you have a Coinbase exchange account, you will be able to use the wallet app on your Android or iOS device. You only have to download from the respective app stores and use.

Coinbase places emphasis on simplicity and security. Apart from being secure, the wallet is suitable for novice traders. Also, it also supports a wide range of digital assets including ERC-20 and ERC-721 tokens. Coinbase wallet’s security features ensure each user has sole access to their private keys. It is one of a few exchanges that accepts credit cards and bank transfers for payments.

General Information

Coinbase was launched with the alleged mission of lifting billions out of poverty while advancing innovation globally. It was founded in June of 2012 as a digital asset wallet and platform where users can transact in new assets. In 2013, Coinbase became the highest funded Bitcoin startup and the largest exchange for digital assets globally. So far, Coinbase has raised $217M with world-leading investors. This includes Start Fund, Y-Combinator, Ribbit Capital and BBVA among others.

Furthermore, Coinbase offers a Visa debit card. With the card, users can link to their crypto account balances. It provides direct access to spend digital assets as Coinbase instantly converts cryptos to fiat currency to complete a purchase either in-store or online. The Coinbase card facility is currently available in the UK with planned support for other European countries in the future. It is the first debit card that directly links to a crypto exchange in Europe.

Coinbase operates from San Francisco, California. It is available in 32 countries with over 12 million users. The company operates Coinbase Pro exchange for professional traders.

Coinbase Wallet Supported Coins

Coinbase supports quite a number of digital assets such as Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Ethereum Classic. Other supported cryptos include ZRX, BAT, USDC, ZEC, LINK, XRP, REP, XLM, DAI and EOS. Users in some countries are allowed to transact with fiat currencies. Coinbase currently supports over 50 fiat currencies including USD, CAD, AUD, EUR and CNY.

To purchase any of the abovementioned coins, just go to our Cryptocurrency Exchange List to find the place that you should purchase at, based on your individual preferences.

Coinbase Wallet Fees

Transaction fees apply to both the Coinbase wallet and exchange. There are no fees for transactions between Coinbase wallets while network fees apply to transactions involving other wallets. If you intend to trade on the platform, you will either pay a flat or variable fee. The variable fee depends on your payment method, location and the order mode (standard or instant). Fees range from 1.49% to 3.99%.

If you are eligible for the debit card, you can request at £4.95 issuance fee. With your debit card, you will enjoy free domestic and foreign cash withdrawals up to £200 per month. Withdrawals above £200 are charged at 1% and 2% for domestic and international transactions respectively. Other card transaction fees include:

• International POS Purchase Transaction Fee: 3% of the transaction value
• Intra-EEA POS Transaction Fee: 0.20% of the transaction value
• Chargeback Processing Fee: £20

You won’t have to worry about the credit card transaction fees when using the wallet. It is meant for those within specified locations who wish to enjoy extra benefits. If you fall within this category, then feel free to apply for a debit card. Please note that daily, monthly and yearly spending limits apply to Coinbase debit card use.

Coinbase Price

Coinbase wallet is free to use. It is available for download on Google Playstore and Apple App Store for Android and iOS users respectively. After downloading, you can start using with just a few clicks. If you prefer to access your wallet on desktop, you can do that by logging in at https://coinbase.com.

Coinbase Wallet Ease of Use

If the interface is anything to go by, Coinbase wallet is a user-friendly wallet. Even first-timers will find it quite easy to use.

You can get started in 3 quick steps:

Sign up: All you need to provide is your first and last names, an active email address and create a password.

Select your account type: Coinbase has two account options – individual and business. You have to select which suits you best after confirming your email address.

Verify your phone number: This is a feature that ensures no one has access to your wallet.

Set up a payment method: If you reside in an EU country or the US, Coinbase will allow you to choose either bank transfer or credit card. You will have to verify these payment methods to use them.

Buy or receive digital assets: Using any of the payment methods, you can buy your coins right away. If your country is not allowed to add a payment method, you can still hold coins. Do this by sending it from other wallets.

Other features that make Coinbase a wallet of choice among crypto enthusiasts includes the above real-time price chart. This displays current circulating volumes of each asset among other details. You can also follow top stories about your holdings right from your wallet.

Coinbase Wallet Anonymity

If you intend to use Coinbase, you will have to comply with certain KYC rules as part of the companies policies. If you are uncomfortable with presenting your details, then Coinbase may not be the best for you. Apart from this, the wallet’s features and support services are cool.

How To Cash Out Of Coinbase Wallet

Coinbase Wallet Security

Move Coins From Coinbase To Private Wallet

If hacking history is a measure of a wallet’s security, then Coinbase is secure. The wallet has a zero hacking record. Moreover, Coinbase follows best practices in the payment industry to ensure security. For instance, it runs all web traffic over https encrypted SSL. Sensitive user data is also split with redundancy and encrypted with AES-256 before backing up in FIPS-140 USB drives. The drives are stored in safe deposit boxes and vaults in different locations.

Do I Need A Wallet With Coinbase

Coinbase wallet secures user keys with Secure Enclave technology. There are also options to further secure your wallet with 2FA methods. You have the SMS authentication through your verified phone number and Google Authenticator. Also, you can use these methods to secure your transactions. Using the mobile app also grants you access to create a four-digit security pin unlock your app and authorise transactions.

Coinbase verifies devices and notifies users when someone tries to access their wallets via another device. To further protect user funds, Coinbase stores a major part of their user’s funds offline in hardware wallets and vaults.

Where to Buy Coinbase Wallet

How To Set Up Coinbase Wallet

It is available for free for both mobile devices and desktop. Visit your app store or https://coinbase.com. If you prefer a hardware wallet, check out our reviews of Ledger Nano S and Trezor.