Why Can’t I Cash Out On Coinbase Wallet !

Описание: If you are unable to cash out on Coinbase Wallet, there could be several reasons behind the issue. Coinbase Wallet is a self-custody wallet and does not directly support fiat withdrawals. To cash out, you must first transfer your cryptocurrency from Coinbase Wallet to a platform like the Coinbase app, which allows conversion to fiat currency and bank withdrawals.

Common reasons you might encounter issues include:

1. **Funds on Hold**: If you recently purchased cryptocurrency, the funds may be temporarily on hold. This hold period is a standard security measure to prevent fraud and ensure the transaction is verified.

2. **Verification Steps Not Completed**: If you have not completed necessary identity verification steps on Coinbase, your ability to transfer or withdraw funds may be restricted. Ensure all your verification details, such as identity and payment methods, are up-to-date.

3. **Issues with Linked Bank Account**: If your bank account or other linked payment methods have issues, such as incorrect details or pending verification, this could prevent cashing out. Verify that your bank details are accurate and linked correctly.

4. **Unsupported Cryptocurrency**: Some cryptocurrencies are not eligible for direct conversion to fiat currency. If the cryptocurrency you are holding is unsupported for withdrawal or conversion, you’ll need to first exchange it for a supported currency like Bitcoin or Ethereum.

To resolve the issue, check the Coinbase Wallet app and transfer your funds to the Coinbase app or another exchange that supports fiat withdrawals. From there, ensure you’ve completed the verification process, confirm your linked payment methods, and select a supported cryptocurrency for conversion to fiat.

Timestamps:
0:00 Introduction
0:03 Common issues with cashing out
0:16 Funds on hold explanation
0:23 Completing necessary verifications
0:27 Addressing bank account issues
0:36 Dealing with unsupported cryptocurrencies
1:03 Summary and next steps

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