In this guide, we’ll walk you through the process of withdrawing your cryptocurrency from Coinbase and transferring it to an external crypto wallet. Coinbase is one of the leading cryptocurrency exchanges, but moving your coins to a wallet gives you full control over your private keys—though it comes with its own risks.
Withdrawing Cryptocurrency via Coinbase
To withdraw funds from your Coinbase account—whether you’re transferring from Coinbase to MetaMask, Coinbase to Binance, or even Coinbase to Coinbase Wallet—follow these steps:
- Log in to your Coinbase account.
- Click the Withdraw button next to the cryptocurrency balance you wish to transfer.
- Enter the amount you want to withdraw and select the destination (external wallet or bank account).
- Confirm the transaction.
Coinbase charges a 1% network fee on all transactions, in addition to standard blockchain fees.
👉 Learn more about minimizing withdrawal fees
Sending Cryptocurrency to an External Wallet from Coinbase
Coinbase provides a streamlined process for transferring crypto to external wallets. Below are the methods for both web and mobile users.
Via Web
- Navigate to the Portfolio section.
- Click Send and select the cryptocurrency wallet you want to use.
- Enter the external wallet address (or an email-linked address).
- Input the amount and click Continue.
- Review details and confirm the transfer.
Mobile App (Android/iOS)
- Tap the menu icon and select the sending wallet.
- Tap the paper airplane icon or + button.
- Enter the amount and currency.
- Tap Send, review, and confirm.
Coinbase Withdrawal Fees
Coinbase imposes a 1% network fee for converting and withdrawing crypto to cash, alongside standard blockchain fees. For transfers between wallets, only the blockchain fee applies.
With Coinbase Advanced Trade (formerly Coinbase Pro), the fee structure remains unchanged—1% is still the standard rate.
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FAQ
1. How long does a Coinbase withdrawal take?
- Bank transfers: 1–5 business days.
- Crypto transfers: Usually complete within minutes (subject to blockchain congestion).
2. Is it safe to transfer crypto from Coinbase to an external wallet?
- Yes, but ensure the wallet address is correct—transactions are irreversible.
3. What are the risks of using an external wallet?
- You’re solely responsible for securing private keys. Losing access means losing funds.
4. Can I cancel a withdrawal on Coinbase?
- No, once initiated, withdrawals cannot be canceled.
5. Does Coinbase support all cryptocurrencies for withdrawal?
- Most major coins (BTC, ETH, etc.) are supported, but some newer tokens may have restrictions.
Key Takeaways
- Always double-check wallet addresses before sending.
- Coinbase charges a 1% fee + blockchain costs for withdrawals.
- External wallets offer greater security but require careful key management.
For further reading, explore Coinbase’s official withdrawal guide.