How to Withdraw USDT from Coinbase to Your Bank Account
Withdrawing USDT from Coinbase to your bank account is a straightforward process, but it’s important to understand the steps involved to ensure a smooth transaction. In this guide, we’ll walk you through the entire process, from verifying your account to completing the withdrawal. Let’s get started.
Verifying Your Coinbase Account
Before you can withdraw USDT from Coinbase, you need to verify your account. This is a standard procedure for most cryptocurrency exchanges to comply with anti-money laundering (AML) and know your customer (KYC) regulations.
- Log in to your Coinbase account.
- Click on your profile icon in the upper right corner and select “Account Overview” from the dropdown menu.
- Under the “Verification” section, click on “Verify” next to your name.
- Follow the instructions to provide the required identification documents, such as a government-issued ID, proof of address, and possibly a photo of yourself holding the ID.
- Once your documents are submitted, Coinbase will review them and update your account status accordingly.
Adding Your Bank Account
After your account is verified, you need to add your bank account to Coinbase. This will allow you to withdraw USDT directly to your bank.
- Go to the “Accounts” tab on the left-hand side of the Coinbase dashboard.
- Click on “Linked Accounts” and then “Add Account” next to “Bank Account.”
- Enter your bank account details, including the account number and routing number.
- Follow the instructions to link your bank account. This may involve confirming your account details with a small deposit from Coinbase.
Withdrawing USDT from Coinbase
Now that your account is verified and your bank account is linked, you can proceed with the withdrawal.
- Go to the “Accounts” tab on the left-hand side of the Coinbase dashboard.
- Under the “USDT” section, click on “Withdraw.” This will open a new window.
- Enter the amount of USDT you wish to withdraw.
- Select your bank account as the withdrawal method.
- Review the transaction details and click “Submit” to initiate the withdrawal.
Transaction Fees and Processing Time
When withdrawing USDT from Coinbase, you should be aware of the transaction fees and processing time.
| Transaction Fee | Processing Time |
|---|---|
| $1.49 per withdrawal | 1-3 business days |
Keep in mind that these fees and processing times are subject to change, and it’s always a good idea to check the latest information on Coinbase’s website.
Monitoring Your Withdrawal
After submitting your withdrawal request, you can monitor its progress on your Coinbase account.
- Go to the “Accounts” tab on the left-hand side of the Coinbase dashboard.
- Under the “USDT” section, click on “Withdrawals.” This will display a list of your recent withdrawal transactions.
- Click on the specific withdrawal you want to monitor.
- Review the transaction details and track its progress.
Conclusion
Withdrawing USDT from Coinbase to your bank account is a simple process, as long as you have a verified account and a linked bank account. By following the steps outlined in this guide, you can ensure a smooth and hassle-free transaction. Remember to check the latest fees and processing times before initiating your withdrawal.
