Cryptocurrency Q&A
Can I withdraw money from Coinbase If I use a linked bank account?
Can I withdraw money from Coinbase If I use a linked bank account?
Lorenzo
Tue Jul 16 2024
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6 answers
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Could you please clarify the process for withdrawing funds from Coinbase if I have a linked bank account? I'm curious about the steps involved, any potential fees or limitations, and how long the transaction typically takes to complete. Is there a minimum or maximum amount I can withdraw? Also, are there any security measures I should be aware of to ensure the safety of my funds? Any insights you could provide would be greatly appreciated.
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6 answers
Raffaele
Thu Jul 18 2024
Regarding deposits and purchases via linked bank accounts on Coinbase, it is crucial to understand the nature of such transactions.
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Valentino
Thu Jul 18 2024
When utilizing a linked bank account to add funds to one's Coinbase cash balance, the transfer does not occur instantaneously as a traditional wire transfer would.
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TaegeukChampionCourageousHeart
Thu Jul 18 2024
Coinbase does not receive the deposited funds immediately, due to the inherent delays associated with bank transfers.
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CryptoVanguard
Wed Jul 17 2024
For security purposes, Coinbase imposes a holding period on newly deposited funds.
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GangnamGlitzGlamour
Wed Jul 17 2024
This measure ensures that any suspicious or fraudulent activities are detected and prevented before the funds are made available for withdrawal or cryptocurrency purchases.
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