Withdrawing profits from Coinbase to bank?

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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.

Andrew Peters Answered question June 3, 2024
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Coinbase makes money not in bank account withdrawal fees.

They make money mostly in cryptocurrency withdrawal and trading fees.

Samuel Goldenberg Answered question June 3, 2024
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