Withdrawing profits from Coinbase to bank?
Withdrawing profits from Coinbase to bank?
Up till today all I had done up till now was send money from my bank to Coinbase to purchase crypto but I have decided to cash out some profit to my bank for the first time.
I expected there to be a fee to withdraw any profit back to my bank but noticed that is only if I withdraw back to the card I deposit with which is a 2% fee, there is also an option to withdraw directly to my bank account which advises no fee.
Is that correct or am I missing something?
I thought Coinbase was bad for fees but if this option of withdrawing directly to my bank account with no fee then that is great news.
I think for bank withdrawal it depends on what bank you were withdrawing they don’t usually ask for a withdrawal fee if you directly withdraw them into the bank but I heard some new accounts if they withdraw to the bank it’s not instant sometimes it takes 1 week before Coinbase release it.
Unlike the instant card withdrawal which usually takes 30 minutes or within 24 hours the only problem is it has a 2% fee you can read more from this link below
– https://help.coinbase.com/en-gb/coinbase/getting-started/add-a-payment-method/instant-cashout
– https://help.coinbase.com/en/exchange/funding/withdrawing-with-ach