How to Trade Crypto and Withdraw from Coinbase

How to Trade Crypto and Withdraw from Coinbase


How to Trade Crypto at Coinbase


How to send and receive cryptocurrency

You can use your Coinbase wallets to send and receive supported cryptocurrencies. Sends and receives are available on both mobile and web. Please note that Coinbase cannot be used to receive ETH or ETC mining rewards.

Send

If you’re sending to a crypto address that belongs to another Coinbase user who has opted into Instant sends, you can use off-chain sends. Off-chain sends are instant and incur no transaction fees.

On-chain sends will incur network fees.


Web

1. From the Dashboard, select Pay from the left side of the screen.
How to Trade Crypto and Withdraw from Coinbase
2. Select Send.

3. Enter the amount of crypto youd like to send. You can toggle between the fiat value or crypto amount you’d like to send.
How to Trade Crypto and Withdraw from Coinbase
4. Enter the crypto address, phone number, or email address of the person you would like to send the crypto to.

5. Leave a note (optional).
How to Trade Crypto and Withdraw from Coinbase
6. Select Pay with and choose the asset to send the funds from.

7. Select Continue to review the details.
How to Trade Crypto and Withdraw from Coinbase
Select Send now.

Note: All sends to crypto addresses are irreversible.


Coinbase mobile app

1. Tap the icon below or Pay.
How to Trade Crypto and Withdraw from Coinbase
2. Tap Send.
How to Trade Crypto and Withdraw from Coinbase
3. Tap your selected asset and enter the amount of crypto youd like to send.
How to Trade Crypto and Withdraw from Coinbase
4. You can toggle between the fiat value or crypto amount you’d like to send:
How to Trade Crypto and Withdraw from Coinbase
5. Tap Continue to review and confirm the transaction details.

6. You can tap the recipient under Contacts; enter their email, phone number, or crypto address; or snap their QR code.

7. Leave a note (optional), then tap Preview.

8. Follow the remaining prompts.

If youre trying to send more crypto than you have in your crypto wallet, youll be prompted to top up.

Important: All sends to crypto addresses are irreversible.

Note: If the crypto address belongs to a Coinbase customer and the Receiver has NOT opted into Instant sends in their privacy settings, these sends will be made on-chain and incur network fees. If you’re sending to a crypto address not associated with a Coinbase customer at all, these sends will be made on-chain, will be sent on the respective currency’s network, and will incur network fees.

Receive

You can share your unique cryptocurrency address to receive funds through your web browser or mobile device after signing in. By opting into Instant sends in your privacy settings, you can control whether or not you want your crypto address to be verifiable as a Coinbase user. If you opt in, then other users can send you money instantly and for free. If you opt out, then any sends to your crypto address will remain on-chain.


Web

1. From the Dashboard, select Pay from the left side of the screen.
How to Trade Crypto and Withdraw from Coinbase
2. Select Receive.
How to Trade Crypto and Withdraw from Coinbase
3. Select Asset and choose the asset youd like to receive.
How to Trade Crypto and Withdraw from Coinbase
4. Once the asset is selected, the QR code and address will populate.


Coinbase mobile app

1. Tap the icon below or Pay.
How to Trade Crypto and Withdraw from Coinbase
2. In the pop-up window, select Receive.
How to Trade Crypto and Withdraw from Coinbase
3. Under Currency, select the asset youd like to receive.

4. Once the asset is selected, the QR code and address will populate.

Note: To receive cryptocurrency, you can share your address, select Copy Address, or allow the sender to scan your QR code.

How to convert cryptocurrency


How does converting cryptocurrency work?

Users can trade between two cryptocurrencies directly. For example: exchanging Ethereum (ETH) with Bitcoin (BTC), or vice versa.
  • All trades are executed immediately and therefore cannot be canceled
  • Fiat currency (ex: USD) is not needed to trade


How do I convert cryptocurrency?


On the Coinbase mobile app

1. Tap the icon below
How to Trade Crypto and Withdraw from Coinbase
2. Select Convert.
How to Trade Crypto and Withdraw from Coinbase
3. From the panel, select the cryptocurrency youd like to convert to another crypto.
How to Trade Crypto and Withdraw from Coinbase
4. Enter the fiat amount of cryptocurrency you would like to convert in your local currency. For example, $10 worth of BTC to convert into XRP.

5. Select Preview convert.
  • If you do not have enough crypto to complete the transaction, you will not be able to complete this transaction.

6. Confirm the conversion transaction.


On a web browser

1. Sign in to your Coinbase account.

2. At the top, click Buy/Sell Convert.

3. There will be a panel with the option to convert one cryptocurrency to another.

4. Enter the fiat amount of cryptocurrency you would like to convert in your local currency. For example, $10 worth of BTC to convert into XRP.
  • If you do not have enough crypto to complete the transaction, you will not be able to complete this transaction.

5. Click Preview Convert.

6. Confirm the conversion transaction.


Advanced trading dashboard: Buy and Sell Crypto

Advanced trading is currently available to a limited audience and only accessible on web. We’re working hard to make this feature available to more customers soon.


Advanced trading gives you more robust tools to make better trading decisions. You have access to real-time market information through interactive charts, order books, and live trade history on the advanced trade view.
How to Trade Crypto and Withdraw from Coinbase
How to Trade Crypto and Withdraw from Coinbase
Depth chart: The depth chart is a visual representation of the order book, showing bid and ask orders over a range of prices, along with the cumulative size.

Order book: The order book panel shows the current open orders on Coinbase in a ladder format.

Order panel: The order (buy/sell) panel is where you place orders on the order book.

Open orders: The open orders panel displays maker orders that have been posted, but not filled, canceled, or expired. To view all of your order history, select the order history button and view all.
How to Trade Crypto and Withdraw from Coinbase

Price chart

The price chart is a fast and easy way to view historical pricing. You can customize your price chart display by time range and chart type, as well as use a series of indicators to provide additional insight into pricing trends.
How to Trade Crypto and Withdraw from Coinbase

Time range

You can see the pricing history and trading volume of an asset over a specific span of time. You can adjust your view by selecting one of the time frames from the upper right-hand corner. This will adjust the x-axis (the horizontal line) to see the trading volume over that specific length of time. If you change the time from the drop-down menu, this will change the y-axis (the vertical line) so you can see the price of an asset in that time frame.


Chart types

The candlestick chart displays the high, low, open, and closing prices of an asset for a specific time frame.
  • O (open) is the opening price of the asset at the beginning of the specified period.
  • H (high) is the highest trading price of the asset in that period.
  • L (low) is the lowest trading price of the asset in that period.
  • C (close) is the closing price of the asset at the end of the specific period.

Check out this guide on how to read candlestick charts for more information.
  • The line chart captures an assets historical price by connecting a series of data points with a continuous line.

Indicators

These indicators track market trends and patterns to help inform your trading decisions. You can select multiple indicators to give you a better perspective of an asset’s buy and sell price.
  • RSI (relative strength index) shows a trend’s duration and helps you spot when it will reverse.
  • EMA (exponential moving average) captures how quickly a trend is moving and its strength. EMA measures the average price points of an asset.
  • SMA (smooth moving average) is like an EMA but measures the average price points of an asset over a longer period of time.
  • MACD (moving average convergence/divergence) measures the relationship between the highest and lowest average price points. When a trend is forming, the graph will converge or meet at a specific value.

Disclosures

Coinbase offers simple and advanced trading platforms on Coinbase.com. Advanced trading is intended for a more experienced trader and enables traders to interact directly with the order book. Fees vary based on the trading platform. Content in our trading and educational materials are for informational purposes and is not investment advice. Investing in cryptocurrency comes with risk.

Frequently Asked Questions (FAQ)


Why did Coinbase cancel my order?

In order to ensure the security of Coinbase users accounts and transactions, Coinbase may decline certain transactions (buys or deposits) if Coinbase observes suspicious activity.

If you believe your transaction should not have been canceled, please follow these steps:
  1. Complete all verification steps, including verifying your identity
  2. Email Coinbase Support so your case can be further reviewed.


Order management

Advanced trading is currently available to a limited audience and only accessible on web. We’re working hard to make this feature available to more customers soon.


To view all of your open orders, select Orders under the Order management section on web—advanced trading is not available on the Coinbase mobile app yet. You’ll see each of your orders that are currently awaiting fulfillment as well as your complete order history.


How do I cancel an open order?

To cancel an open order, make sure youre viewing the market your order was placed (e.g. BTC-USD, LTC-BTC, etc). Your open orders will be listed in the Open Orders panel on the trading dashboard. Select X to cancel individual orders or select CANCEL ALL to cancel a group of orders.


Why are my funds on hold?

Funds reserved for open orders are placed on hold and will not appear in your available balance until the order is executed or canceled. If you would like to release your funds from being on "hold," you will need to cancel the associated open order.


Why is my order being partially filled?

When an order is partially filled, it means that there is not enough liquidity (trading activity) in the market to fill your entire order, so it may take several orders to execute in order to fill your order completely.


My order executed incorrectly

If your order is a limit order, it will only fill at the specified price or a better price. So if your limit price is much higher or lower than the current trading price of an asset, the order will likely execute closer to the current trading price.

Additionally, depending on the volume and prices of orders on the Order Book at the time when a market order is posted, the market order may fill at a price less favorable than the most recent trade price—this is called slippage.


How to Withdraw from Coinbase


How do I cash out my funds

To transfer cash from Coinbase to your linked debit card, bank account, or PayPal account, you first need to sell cryptocurrency to your USD wallet. After this, you can cash out the funds
 

Note that there is no limit on the amount of crypto you can sell for cash.

1. Sell cryptocurrency for cash

1. Click Buy / Sell on a web browser or tap the icon below on the Coinbase mobile app.
How to Trade Crypto and Withdraw from Coinbase
2. Select Sell.
How to Trade Crypto and Withdraw from Coinbase
3. Select the crypto you want to sell and enter the amount.
How to Trade Crypto and Withdraw from Coinbase
4. Select Preview sell - Sell now to complete this action.
How to Trade Crypto and Withdraw from Coinbase
How to Trade Crypto and Withdraw from Coinbase
Once complete, then your cash will be available in your local currency wallet (USD Wallet, for example).
Note that you can immediately cash out your funds by tapping Withdraw funds in the Coinbase mobile app or Cash out funds from a web browser.
How to Trade Crypto and Withdraw from Coinbase

2. Cash out your funds

From the Coinbase mobile app:

1. Tap Cash out

2. Enter the amount you want to cash out and choose your transfer destination, then tap Preview cash out.
How to Trade Crypto and Withdraw from Coinbase
3. Tap Cash out now to complete this action.
How to Trade Crypto and Withdraw from Coinbase
When cashing out a sell from your cash balance to your bank account, a short holding period will be placed before you can cash out the funds from the sell. Despite the hold period, you are still able to sell an unlimited amount of your crypto at the market price you desire.
How to Trade Crypto and Withdraw from Coinbase

From a web browser:

1. From a web browser select your cash balance under Assets.

2. On the Cash out tab, enter the amount you want to cash out and then click Continue.

3. Choose your cash out destination and then click Continue.

4. Click Cash out now to complete your transfer.


Can I withdraw from my EUR wallet to my verified UK bank account?

At this moment, we do not support direct withdrawals from your Coinbase EUR wallet to your verified UK bank account. If you would like to withdraw from your EUR wallet via a SEPA transfer or another payment methods, please follow below.

Coinbase supports the following payment methods for European customers in a supported country.
Best For Buy Sell Deposit Withdraw Speed

SEPA Transfer

Large amounts, EUR deposits, Withdrawing

1-3 business days

3D Secure Card

Instant crypto purchases

Instant

Instant Card Withdrawals

Withdrawals

Instant

Ideal/Sofort

EUR deposits, buy crypto

3-5 business days

PayPal

Withdrawals

Instant

Apple Pay* Withdrawals Instant
* Apple Pay is not available in all regions in EU at this time

Note: Coinbase currently does not accept physical checks nor bill pay as a payment method to purchase cryptocurrency or to deposit funds into a users fiat wallet. Checks will be returned to sender upon receipt via mail, provided a mailing address is present. And as a reminder, Coinbase customers can only have one personal Coinbase account.

Alternatively, if you would like to convert your funds from EUR to GBP and withdraw, follow these steps:
  1. Buy cryptocurrency using all the funds in your Coinbase EUR Wallet
  2. Sell cryptocurrency to your GBP Wallet
  3. Withdraw from your Coinbase GBP Wallet to your UK Bank Account via Faster Payment transfer

Frequently Asked Questions (FAQ)


When will funds be available to withdraw from Coinbase?

How to determine when funds will be available for withdrawal:
  • Before confirming a bank purchase or deposit, Coinbase will tell you when the purchase or deposit will be available to send off Coinbase
  • Youll see this labeled as Available to send off Coinbase on the website, or Available to withdraw on the mobile app
    • Youll also be given options if you need to send instantly.

This is typically provided on the confirmation screen prior to processing a bank transaction.


Why arent funds or assets available to move or withdraw off Coinbase immediately?

When you use a linked bank account to deposit funds to your Coinbase fiat wallet, or use it to purchase cryptocurrency, this type of transaction is not a wire transfer such that Coinbase receives the funds immediately. For security reasons, you will not be able to immediately withdraw or send crypto off of Coinbase.

There are a variety of factors that will determine how much time it may take until you can withdraw your crypto or funds off of Coinbase. This includes but is not limited to your account history, transaction history, and banking history. Withdrawal-based limit holds typically expire at 4 pm PST on the date listed.


Will my withdrawal availability affect other purchases?

Yes. Your purchases or deposits will be subject to any existing restrictions on the account, regardless of which payment method you used.

In general, debit card purchases or wiring funds directly from your bank to your Coinbase USD wallet do not affect your withdrawal availability - if no restrictions exist on your account, you can use these methods to purchase crypto to send off of Coinbase immediately.


How long does a sell or cashout (withdrawal) take to complete?

Selling or cashing out using ACH or SEPA banking process:

US Customers
When you place a sell order or cash out USD to a US bank account, the money usually arrives within 1-5 business days (depending on cashout method). The delivery date will be shown on the Trade Confirmation page before your order is submitted. You can see when the funds are expected to arrive on your History page. If you reside in one of the states that supports the Coinbase USD Wallet, sells into your USD Wallet will occur instantly.

European Customers
Since your local currency is stored within your Coinbase account, all buys and sells occur instantly. Cashing out to your bank account via SEPA transfer generally takes 1-2 business days. Cashout by wire should complete within one business day.

United Kingdom Customers
Since your local currency is stored within your Coinbase account, all buys and sells occur instantly. Withdrawing to your bank account via GBP bank transfer generally completes within one business day.

Canadian Customers
You can sell cryptocurrency instantly using PayPal to move funds out of Coinbase.

Australian Customers
Coinbase currently does not support selling cryptocurrency in Australia.

Selling or withdrawal using PayPal:
Customers in the US, Europe, UK, and CA, will be able to withdraw or sell cryptocurrency instantly using PayPal. To see what regional transactions are allowed and payout limits.
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Source: Coinbase Forum - coins-token.com | How to Trade Crypto and Withdraw from Coinbase - https://coins-token.com/how-to-trade-crypto-and-withdraw-from-coinbase-054830
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