How to Cash Out USDT on Coinbase: A Detailed Guide
When you’re ready to convert your USDT (Tether) into fiat currency, Coinbase is a popular platform to do so. Here’s a step-by-step guide on how to cash out your USDT on Coinbase, ensuring a smooth and secure transaction.
Step 1: Log in to Your Coinbase Account
Before you begin, make sure you have a Coinbase account. If you don’t, sign up for one at Coinbase’s website. Once you have an account, log in using your username and password.
Step 2: Navigate to the Withdrawal Section
After logging in, you’ll see a menu on the left side of the screen. Click on “Accounts” and then select “USD” from the list of available currencies. This will take you to the withdrawal page.
Step 3: Choose Your Bank Account
On the withdrawal page, you’ll see a list of your linked bank accounts. Choose the one you want to use for the cash out. If you haven’t linked a bank account yet, you’ll need to do so by clicking on “Link a Bank Account” and following the instructions provided.
Step 4: Enter the Amount to Withdraw
Next, enter the amount of USDT you want to withdraw. Keep in mind that Coinbase may charge a withdrawal fee, which will be deducted from your total amount. You can find the current fee by clicking on the “Details” link next to the withdrawal amount field.
Step 5: Review and Confirm the Withdrawal
Before submitting your withdrawal request, review the details to ensure everything is correct. This includes the amount, the bank account, and the fee. Once you’re sure everything is accurate, click on “Withdraw” to submit your request.
Step 6: Wait for the Processing Time
After submitting your withdrawal request, Coinbase will process it. The processing time can vary depending on the amount and the time of day you submit the request. Generally, it takes 1-3 business days for the funds to be transferred to your bank account.
Step 7: Monitor Your Bank Account
Once the processing time has passed, check your bank account to confirm that the funds have been transferred. If you don’t see the funds within the expected time frame, contact Coinbase support for assistance.
Table: Coinbase Withdrawal Fees
Withdrawal Amount | Withdrawal Fee |
---|---|
$0 – $1,000 | $1.49 |
$1,001 – $10,000 | $1.99 |
$10,001 – $50,000 | $2.99 |
$50,001 – $100,000 | $3.99 |
$100,001 – $200,000 | $4.99 |
Over $200,000 | 0.0025% of the withdrawal amount |
Step 8: Keep Track of Your Transactions
It’s always a good idea to keep track of your Coinbase transactions. You can view your transaction history by clicking on “Transactions” in the menu on the left side of the screen. This will help you stay organized and ensure that you’re aware of any fees or other charges associated with your account.
By following these steps, you should be able to successfully cash out your USDT on Coinbase. Remember to always double-check the details of your withdrawal request before submitting it to avoid any errors or delays.