How to Transfer from Coinbase Wallet to Coinbase & Sell for Cash

Introduction

If you want to turn your crypto from the Coinbase Wallet into cash, the first step is to move it to Coinbase Exchange. This guide will show you how to transfer your crypto, sell it for cash, and then withdraw the money to your bank or PayPal.

We’ll also go over fees, how long things take, and some common issues you might run into to help make the process easy.

Table of Contents

1. Understanding Coinbase Wallet vs. Coinbase Exchange
2. Step 1: Transfer Crypto from Coinbase Wallet to Coinbase
3. Step 2: Sell Crypto for Cash on Coinbase Exchange
4. Step 3: Withdraw Cash to Bank or PayPal
5. Fees & Processing Times
6. Troubleshooting Common Issues
7. FAQ

1. Understanding Coinbase Wallet vs. Coinbase Exchange

Before cashing out, it’s important to know what each does:

• Coinbase Wallet → You have control over your crypto, but you can’t withdraw cash directly.
• Coinbase Exchange → This is where you can sell your crypto for cash and take it out to your bank.

Key Takeaway: You need to move your crypto from Coinbase Wallet to Coinbase Exchange before you can cash out.

2. Step 1: Transfer Crypto from Coinbase Wallet to Coinbase

How to Move Funds to Coinbase Exchange

1. Open Coinbase Wallet on your phone or in your browser.
2. Pick the crypto you want to send (like Bitcoin or Ethereum).
3. Tap “Send” and enter your Coinbase deposit address (you can find this in Coinbase under “Receive”).
4. Confirm the transaction and wait for it to be processed.

⚠️ Important:

• Always check that you have the right wallet address before sending.
• Use the correct network (for example, send ETH on the Ethereum network, not Polygon).

3. Step 2: Sell Crypto for Cash on Coinbase Exchange

Once your crypto is in your Coinbase account, here’s how to sell it:

1. Log into Coinbase Exchange.
2. Go to “Trade” and click on “Sell.”
3. Choose the cryptocurrency you just transferred.
4. Enter how much you want to sell.
5. Pick a fiat currency (like USD or EUR).
6. Confirm the sale.

? Tip: Selling stablecoins (like USDC or USDT) can help you avoid price changes while you sell.

4. Step 3: Withdraw Cash to Bank or PayPal

Option 1: Bank Transfer

1. Go to “Portfolio” and find your Fiat balance, then click “Withdraw.”
2. Select your linked bank account.
3. Choose either ACH (1-3 days, free) or Wire (same-day, with a fee).
4. Confirm the withdrawal.

Option 2: Instant PayPal Withdrawal

1. After selling crypto, select PayPal for withdrawal.
2. Your money will be in PayPal instantly, and you can either transfer it to a bank or spend it directly.

✅ Best for: Quick access to cash.

5. Fees & Processing Times

? Tip: Use ACH for low fees or PayPal for faster transfers.

6. Troubleshooting Common Issues

❌ Transaction Stuck?

• Check blockchain congestion (like Ethereum gas fees).
• Wait 1-2 hours before trying again.

❌ Funds Not Showing in Coinbase?

• Verify the transaction on a blockchain explorer.
• Make sure you used the right deposit address.

❌ Bank Transfer Rejected?

• Check if your bank accepts transfers from Coinbase.
• Look for any account limits.

7. FAQ

Q1: Can I withdraw directly from Coinbase Wallet to my bank?

❌ No, you need to transfer to Coinbase Exchange first, then sell for cash.

Q2: What’s the fastest way to get cash?

✅ Use PayPal withdrawals or wire transfers.

Q3: How long does it take to transfer crypto to Coinbase?

⏳ Bitcoin: about 10-60 mins | Ethereum: about 1-10 mins (depends on gas fees).

Q4: Are there withdrawal limits?

? Yes, it depends on your account verification level.

Q5: Can I cancel a withdrawal?

? No, once a transaction is sent, it can’t be reversed.

Select a re