One of the top cryptocurrency trading platforms Coinbase is developing a new method to withdraw your bitcoin funds to your bank account. You can instantly transfer or send your bitcoins, Ethereum, litecoins, and other cryptocurrencies to the bank if added a crypto debit card to your account. An appropriate card is also necessary. Incoming transactions are not supported by all debit cards. A Visa card that supports Visa Fast Funds is required. Besides this, Coinbase allows you to connect your PayPal account to your Coinbase account. Your funds should appear in your PayPal account in a couple of moments, and Coinbase charges no fees for this process. To Withdraw Coinbase funds to Bank Account, sign in to your exchange account and input the number of digital coins you want to cash out within a few steps. In this way, you can securely and safely convert your blockchain currency into real cash. For this transaction, you have to pay the transaction fees. This money is charged to cryptocurrency miners instead of Coinbase as a reward to protect the network and track the transactions on the blockchain.
A withdrawal price is determined using a variety of platform variables, finding it challenging to determine fees before requesting to withdraw. Withdrawal fees for Bitcoin range from $1.00 to $5.00, while fees for other digital currencies are typically below $1.00. Before the withdrawal of your funds from Coinbase, first, you have to sell your Bitcoin, Ether, or another cryptocurrency inside the app or website and deposit the proceeds into your PayPal wallet, i.e. convert it to local tangible cash.