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’re logged in, you’ll be ready to start the cash out process.
Step 2: Navigate to the Withdrawal Section
After logging in, click on the “Accounts” tab at the top of the page. Then, select “USD” from the dropdown menu. This will take you to the USD account page. On this page, click on the “Withdraw” button to start the withdrawal process.
Step 3: Choose USDT as Your Cryptocurrency
On the withdrawal page, you’ll see a list of available cryptocurrencies. Scroll down and select USDT from the list. This will ensure that you’re cashing out your Tether balance.
Step 4: Enter the Amount You Want to Withdraw
Next, enter the amount of USDT you want to withdraw. You can either enter the amount in USDT or in USD, depending on your preference. Keep in mind that you’ll be charged a fee for the withdrawal, which will be deducted from your total amount.
Step 5: Select Your Bank Account
After entering the amount, you’ll need to select the bank account where you want the funds to be deposited. If you haven’t added a bank account to your Coinbase account yet, you’ll need to do so by clicking on the “Add a bank account” link and following the instructions provided.
Step 6: Review and Confirm the Withdrawal
Before submitting your withdrawal request, review all the details, including the amount, the bank account, and the fee. Once you’re sure everything is correct, click on the “Withdraw” button to submit your request.
Step 7: Wait for the Withdrawal to Process
After submitting your withdrawal request, Coinbase will process it. The processing time can vary, but it typically takes a few business days. Once the withdrawal is complete, you’ll receive a confirmation email from Coinbase.
Step 8: Monitor Your Bank Account
After the withdrawal is processed, monitor your bank account for the arrival of the funds. The time it takes for the funds to appear in your account can vary depending on your bank’s policies.
Table: Coinbase Withdrawal Fees
| Withdrawal Method | Fee |
|---|---|
| Bank Account | $0.00 – $10.00 |
| ACH Bank Wire | $25.00 |
| Wire Transfer | $15.00 – $30.00 |
Keep in mind that Coinbase’s fees are subject to change, and the exact amount will be displayed during the withdrawal process.
Additional Tips
- Make sure you have enough USDT in your Coinbase account before initiating the withdrawal.
- Keep your Coinbase account secure by enabling two-factor authentication and using a strong password.
- Always double-check the details of your withdrawal request before submitting it.
Cashing out your USDT on Coinbase is a straightforward process, but it’s important to be aware of the fees and processing times involved. By following these steps and tips, you can ensure a smooth and secure transaction.
