How to Withdraw Money From Coinbase in Singapore?

Are you looking for a guide on how to withdraw from Coinbase in Singapore? You’ve come to the right place! In this blog post, we will walk you through the process of withdrawing your cryptocurrencies from Coinbase in Singapore.

We will also highlight some key points to keep in mind when doing so. So, without further ado, let’s get started!

How to Withdraw From Coinbase in Singapore?

Steps to Withdraw From Coinbase in Singapore:

Step 1: Open your Coinbase Account. 

Step 2: Log in to Coinbase Apps on Android/iPhone, or click ‘Settings‘ on the website.

Step 3: Click ‘Withdraw‘ and choose your bank account, or click ‘Add Address‘. 

Choose a bank account if you want to transfer money from Coinbase to your bank account, which is used for payment in Singapore.

Choose Add Address if you want to add a personal/alternate bitcoin address for Coinbase withdrawal.

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Step 4: Enter amount and click ‘Withdraw‘.

It can take up to 72 hours for your withdrawal to complete. If you need the funds sooner, please set the payout threshold on your account to $1 so that you will receive payouts more often, which is automatic if you deposit money through a bank account.

Coinbase Withdrawal Time Singapore

Coinbase processes withdrawals at least once per day. If you initiate your withdrawal after the processing time, your withdrawal will be processed the next day.

How Do I Check On My Withdrawals in Coinbase?

You can view the status of all your withdrawals at https://www.coinbase.com/withdrawals. This is also where you raise tickets for support to help with your withdrawals.

Coinbase Withdrawals Fees in Singapore

Coinbase charges a 0.99% processing fee. So if you withdraw $100, you will receive $97.01 in your bank account.

Why Fees for credit card withdrawals are different from bank account withdrawals?

Credit card payments attract additional fees that credit card companies charge. So to ensure Coinbase can continue offering 100% subsidized credit card withdrawal fees, it also charges a processing fee for bank account withdrawals.

The usual order processing time is one business day, but orders may take longer to process during periods of high traffic. If you still do not see your funds in your account after three business days, you can contact our support team at https://www.coinbase.com/support.

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Can I Buy Bitcoins With Singapore Credit Cards?

Yes! You can use your Singapore credit card to buy bitcoins instantly on Coinbase. It is the fastest way to get started with bitcoin.

Does Coinbase support other countries apart from the United States?

Coinbase supports Australia, Singapore, and most European countries apart from Germany. In Singapore, you can use Coinbase to buy bitcoins with your bank account or credit card. You can also sell your excess Bitcoin on Coinbase and withdraw SGD directly to your bank account.

Conclusion

In conclusion,  anybody who wants to buy or sell bitcoins can easily sign up for Coinbase. The platform is easy to use, and you only need an email address and password to sign in.

Moreover, Coinbase has affordable fees, very low compared to other brokers out there. They charge 1% for every completed buy or sell transaction. 

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