Coinbaseis simple and easy to use. The company has invested a lot of time and money into making their user experience smooth and painless. However, you are not in control of your coins and your transactions are being tracked.
I think Coinbase is currently focused on growth and less on satisfying its existing customer base which can be seen by the number of negative reviews they receive and that’s a shame. However, if you don’t encounter any issues then their prices are fairly competitive.
My personal opinion is this – if possible, use Coinbase to buy cryptocurrencies, the service is solid. However, once you buy your coins get them the hell out of there to a wallet that you completely control, like ahardware wallet.
How to Withdraw Crypto from Coinbase Pro
To withdraw cryptocurrency from Coinbase Pro, follow these steps:
- Navigate to the “Trade” page
- Click the “Withdraw” button
- Select the asset to withdraw in the dialogue box
- Choose to transfer to “Crypto Address”
- Input the crypto address to transfer the funds to
- Input the amount to be transferred
- Review the network fees and confirmations
- Click ‘Withdraw’ to complete the transaction
After you finalize the transaction, your withdrawn crypto funds will reach your account sometime between a few minutes or a few days, based on the asset and network you chose.
Why Can’t I Withdraw from Coinbase?
If you are unable to sell or withdraw from Coinbase, it could be due to one of a few reasons:
- There are restrictions in your region
- You are a new account holder
- You haven’t completed the verification
- You have recently made a purchase with a credit card
- Your account has been flagged for fraud
Depending on which of the above reasons you are unable to withdraw from your Coinbase account, your solution will vary.
How to Withdraw Crypto from Coinbase
Withdrawing crypto from Coinbase is a process that can be done in a few simple steps. Here is how you do it:
- Click the “Buy/Sell” button at the top-right of the page
- Trade for or buy the crypto you want to withdraw
- Navigate to the “Send/Receive” page
- Input the amount and asset you to withdraw in the dialogue box
- Add an email address in the “Address” field (free); or
- Add a crypto address in the “Address” field (will have fees)
- Choose the asset you wish to withdraw
- Click on “Continue” and
- Confirm or edit your transaction details
- Click “Withdraw now”
After you finalize the transaction, your withdrawn crypto funds will reach your account sometime between a few minutes or a few days, based on the asset and network you chose.
