Cryptocurrency Q&A Does Coinbase take money from your bank account?

Does Coinbase take money from your bank account?

DigitalLordGuard DigitalLordGuard Fri Jan 03 2025 | 7 answers 1310
I'm trying to understand if Coinbase, the cryptocurrency exchange platform, has the ability or authority to withdraw funds directly from my personal bank account. I'm concerned about potential unauthorized deductions. Does Coinbase take money from your bank account?

7 answers

Bianca Bianca Sun Jan 05 2025
This cutoff time is set at 11:59 pm Pacific time.

Was this helpful?

136
53
Maria Maria Sun Jan 05 2025
Once the payment has been successfully transferred, it undergoes clearing in our bank account.

Was this helpful?

214
21
MountFujiMystic MountFujiMystic Sun Jan 05 2025
This clearing is a crucial step in ensuring the transaction's validity.

Was this helpful?

205
59
SeoulStyle SeoulStyle Sun Jan 05 2025
Upon initiating a transfer, the funds are promptly deducted from your bank account.

Was this helpful?

163
62
Eleonora Eleonora Sun Jan 05 2025
For ACH transfers, there is a specific timeline for completion.

Was this helpful?

291
35
Load 5 more related questions

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts