You can get money from Coinbase instantly by initiating an instant cashout to your linked bank account, provided you have a USD or USDC balance. This feature allows for rapid transfers of eligible funds directly to your bank, making it a convenient option when you need quick access to your assets.
Steps to Get Instant Cash from Coinbase
To ensure a smooth and instant cashout experience from your Coinbase account, follow these straightforward steps:
-
Ensure You Have USD or USDC Balance:
Before you can cash out instantly, your funds must be in either USD (United States Dollar) or USDC (USD Coin). If your current balance is in other cryptocurrencies (like Bitcoin or Ethereum), you will need to sell or convert them into USD or USDC first. It's important to note that other cryptocurrencies cannot be directly sold or cashed out to your bank account for an instant transfer. -
Select "Cash out" from Your Balance:
Navigate to your USD or USDC balance within your Coinbase account. Once you're viewing the correct balance, locate and select the "Cash out" option. -
Choose Your Bank Account:
A menu will appear displaying your linked bank accounts. From this list, select the specific bank account where you wish to receive the instant funds.
Important Considerations for Instant Cashouts
For a successful instant transfer, ensure your account meets the necessary prerequisites. The primary requirement is having your funds available in a supported fiat currency or stablecoin.
Preparing Your Funds for Instant Cashout
If your portfolio primarily consists of cryptocurrencies other than USDC, you'll need to convert them. This involves selling your crypto assets (e.g., Bitcoin, Ethereum) for USD or USDC within the Coinbase platform. Once converted, these funds become eligible for the instant cashout service.
Here’s a quick overview of the key requirements:
| Requirement | Detail |
|---|---|
| Fund Type | Must be USD or USDC (convert other crypto if necessary) |
| Destination | Linked Bank Account |
| Action | Select "Cash out" option from your eligible USD or USDC balance |
For more detailed information on instant cashouts and payment methods, you can refer to Coinbase's official support resources here.
