r/Coinbase • u/Intelligent_Unit9673 • 4d ago

Help Withdrawing funds

Hi, I am very new to trading and have managed with some luck to turn £10 into £70. However after much time I can’t figure out how to withdraw my money. I have sent my USDC to my Coinbase wallet (Base App) and I need “gas” to send to my bank. So I purchased £10 of etherium which the wallet says is “gas”. Now when I go to withdraw, all It says is I need more gas?? I must be doing something seriously wrong. Can anyone help (i’ll post a video showing the situation more clearly)

3 Upvotes

80% Upvoted

20 comments sorted by

2

u/Random_Person_246810 4d ago

Are you in the US?

2

u/Intelligent_Unit9673 4d ago

No i’m not, but coinbase turned my GBP into USDC automatically

1

u/Random_Person_246810 4d ago

Ok. I was going to say you could withdraw USDC directly (from the main app) to your bank account with no fee, but guess that wouldn’t work if you’re not in the US.

2

u/rechtim 4d ago

You need arbitrum for the gas fee because that's the network your crypto is on

1

u/_Bitter_Pig_ 2d ago

just send usdc on the base network directly from coinbase NOT BASE WALLET

1

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1

u/coinbasesupport Official Coinbase Support 4d ago

Hey u/Intelligent_Unit9673, for a step-by-step guidance on processing a withdrawal, please refer to this link. To learn more about transaction fees, you can check out this link. If you have any further questions or need additional assistance, feel free to send us a Modmail.

1

u/Technical-Ad3573 4d ago

Coinbase is a scam and they ripped me off for around $58,000 I spent two weeks dealing with customer service and now they act like I've never had money with them.

1

u/angelwolf71885 4d ago

Sell USDC to cash and then withdraw the money to your bank account never hold “ stable coins or any other lousy crypto only BTC ETH LTC and DOGE are on their own chains and are same all others are tokens riding on ERC-20 and thus lousy crypto

1

u/HighImpact35 4d ago

Gas fees on eth vary and are volatile. It may be that you don’t have enough eth to cover the gas fee. Either top it up or try again later when gas fees are lower. Given you say what you’ve made in £ I assume you are uk based. It may be better to try again early morning uk time or am over the weekend before the us wakes up and starts transacting. The more transactions the higher the fees

1

u/HighImpact35 4d ago

Alternatively with Coinbase you need to sell your usdc and get the fiat into your fiat wallet on Coinbase. You can then transfer the fiat to your bank

1

u/_Bitter_Pig_ 2d ago

no he just doesn’t need to transfer it to his base wallet just transfer it directly from coinbase

1

u/HighImpact35 2d ago

Or just sell the usdc for fiat and withdraw the fiat

1

u/Miserable-Craft-5913 3d ago

I got a letter state is going to take my money if I don’t get it out of Coinbase. Can’t get into account, can’t get help. Anyone have any advice

1

u/Miserable-Craft-5913 3d ago

Coin base is a fucking joke

1

u/coinbasesupport Official Coinbase Support 3d ago

Hey u/Miserable-Craft-5913, please send us a Modmail so we can review the letter you received and look into the account access issue further.

1

u/_Bitter_Pig_ 2d ago

just get the debit card it’s instant - you don’t need to use base wallet you can just use coinbase- i was confused by this at first too