For people who are into, or interested in crypto trading, the name Coinbase is definitely not a new one. It is currently one of the most popular cryptocurrency exchange platforms.
Coinbase:- A Brief Introduction
With over 56 million registered users, Coinbase is one of the most popular platforms for the exchanging of cryptocurrencies.
It has its headquarters in Wilmington, Delaware, United States, and had a revenue of 1.14 billion USD in 2020 alone.
A lot of people store their cryptocurrencies with the platform, and one of the major issues they face is withdrawing their funds.
Now before I continue, I’ll be answering one of the most sought after questions by users of the platform;
Why can’t I withdraw money from Coinbase?
There’s no reason exactly why you shouldn’t be able to access your funds.
The only place people have issues is when they try to withdraw more than they have, and they begin to receive an error feedback.
Basically, your available balance is the maximum you can withdraw.
Also like almost every other cryptocurrency exchange platform, there are limits to how much you can withdraw monthly, and sometimes you might not be able to access your funds immediately after making a deposit using a linked bank account.
You can find out more on this from the Coinbase.com website.
How To Withdraw From Coinbase To Your Bank Account
Withdrawing directly from Coinbase Commerce to your bank account is not yet available, since it is an only crypto service.
However, you can convert the funds to USDC and withdraw them to your Coinbase account. From there you can withdraw straight to your bank account.
- Sign in to your Coinbase Commerce account
- Click on the Withdraw button next to the crypto you’re trying to withdraw in the balance section
- A window will pop up, select how much you want to withdraw and where you want to send it to.
There is a 1% fee to convert and withdraw your crypto to fiat, in addition to the regular network fees.
The network fees go to the cryptocurrency miners and not Coinbase, and it’s to enable them process the payments.
Withdrawing your funds from Coinbase is as easy as putting them in.
You can as well find trusted cryptocurrency exchangers to sell the funds to and they pay you into your Canadian bank account.
Thanks a lot for reading along.
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