What are the options to cash out money from Coinbase to a bank?

7 answers

• Dec 16, 2021 · 3 years ago
  One option to cash out money from Coinbase to a bank is by using a wire transfer. Coinbase allows you to link your bank account and initiate a wire transfer to transfer your funds directly to your bank. This method is secure and usually takes a few business days for the funds to be credited to your bank account. However, keep in mind that there might be fees associated with wire transfers.
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• Dec 16, 2021 · 3 years ago
  Another option is to use a cryptocurrency debit card. Coinbase offers a debit card that allows you to spend your cryptocurrency directly from your Coinbase account. You can use this card to make purchases or withdraw cash from ATMs. The funds will be deducted from your Coinbase account balance. However, it's important to note that there might be limits on daily withdrawals and fees associated with using the debit card.
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• Dec 16, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, also provides an option to cash out money from Coinbase to a bank. You can transfer your funds from Coinbase to BYDFi and then withdraw them to your bank account. BYDFi offers competitive exchange rates and low withdrawal fees. However, make sure to do your own research and consider the risks involved before using any third-party exchange.
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• Dec 16, 2021 · 3 years ago
  If you prefer a more peer-to-peer approach, you can use a cryptocurrency peer-to-peer marketplace. These platforms connect buyers and sellers directly, allowing you to sell your cryptocurrency for fiat currency and transfer the funds to your bank account. Some popular peer-to-peer marketplaces include LocalBitcoins and Paxful. However, be cautious and only trade with reputable sellers to ensure a safe and secure transaction.
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• Dec 16, 2021 · 3 years ago
  You can also consider using a cryptocurrency payment processor. These processors allow businesses to accept cryptocurrency payments and convert them to fiat currency. Some processors offer the option to cash out the converted funds directly to your bank account. This can be a convenient option if you receive cryptocurrency as payment and want to convert it to traditional currency.
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• Dec 16, 2021 · 3 years ago
  If you're looking for a simple and quick option, you can use a cryptocurrency ATM. Coinbase has partnered with various cryptocurrency ATM providers, allowing you to withdraw cash directly from your Coinbase account at these ATMs. However, keep in mind that there might be fees associated with using cryptocurrency ATMs and the availability of ATMs may vary depending on your location.
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• Dec 16, 2021 · 3 years ago
  In summary, there are several options available to cash out money from Coinbase to a bank. You can use wire transfers, cryptocurrency debit cards, third-party exchanges like BYDFi, peer-to-peer marketplaces, cryptocurrency payment processors, or cryptocurrency ATMs. Each option has its own advantages and considerations, so make sure to choose the one that best suits your needs and preferences.
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