Cash Out Your Funds - App

Introduction

Cashing out your funds in the Coinbase app involves the same steps as on a computer: selling your cryptocurrency for cash and then transferring this cash to your bank account. Let's walk through the process step by step.

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Section 1: Sell Your Crypto for Cash

1. Open the Coinbase app and tap on "My Assets".

2. Scroll down and tap on the cryptocurrency you want to sell for cash.

3. Tap on "Trade", then "Sell".

4. Enter the amount you wish to sell and then tap "Preview Sell".

5. Verify the transaction details and tap on "Place Order" to complete the transaction.

6. You can either view your account or tap "Done" to finish this process.

Section 2: Cash Out Your Funds

1. Go back to "My Assets".

2. Scroll down to your cryptocurrency assets, then tap on your local currency.

3. Tap on "Cash Out".

4. Enter the amount you wish to cash out.

5. Select your preferred cash out method, either "Instant Cash Out" or "Standard Cash Out", to your bank account or debit card.

6. Tap on "Preview Cash Out".

7. To finalise your transaction, tap "Cash Out Now".

8. You'll receive a notification when your cash out request is completed.

• Expert Tip: There is no limit on the amount of crypto you can sell for cash on the Coinbase app, however, transaction fees might apply and the transfer speed can vary depending on your selected cash out method.

Conclusion

The process of cashing out funds using the Coinbase app is simple and user-friendly. The app allows you to manage your crypto assets and move funds to your bank account with ease, giving you more flexibility in how you manage your cryptocurrency investments.