Coinbase - How do you withdraw funds to bank a/c?

[lucy]

Thanks to Play I finally got Coinbase working

I bought 1 litecoin at £173, my first step into crpto

I can't see any option as to how to withdraw to your bank account, I've looked at the options but there is nothing that allows you to withdraw money to your UK a/c

Can anyone explain how to withdraw funds to your a/c please :-)

[Play]

Glad I could help

What you'll need to do is sell the Litecoin first (using the buy/sell tab).
Then have the balance placed in your EUR(O) account.
Then you'd be able to withdraw.

In other words you cannot withdraw Litecoin to your bank. You can only send it to someone else.

When you go to the Accounts tab after selling, you'll find a withdraw option next to your EUR balance.

I'd do a small sale and test it all out so you know for certain it works.

Good luck

[lucy]

I’ve seen your reply after I sold the Ether and LiteCoin and withdrew the balance to the GBP wallet by mistake instead of the Euro wallet :-(

Will this cause problems withdrawing to bank in the future?

Originally Posted by Play

Glad I could help

What you'll need to do is sell the Litecoin first (using the buy/sell tab).
Then have the balance placed in your EUR(O) account.
Then you'd be able to withdraw.

In other words you cannot withdraw Litecoin to your bank. You can only send it to someone else.

When you go to the Accounts tab after selling, you'll find a withdraw option next to your EUR balance.

I'd do a small sale and test it all out so you know for certain it works.

Good luck

You can't withdraw from your GBP wallet. You will need to transfer to your euro wallet before withdrawing

[rsot]

Nice guidance and info on the euro transferring