How to Transfer From Coinbase to GCash

Coinbase is a popular cryptocurrency exchange platform that is operating in hundreds of countries. Many Filipinos are also using this platform for their cryptocurrency trades.

If you want to know how to cash out your crypto earnings from Coinbase to your GCash wallet, read this article to find out.

How to Convert Sodexo to GCash
How to Convert Sodexo to GCash

How to cash out Coinbase funds

Before you can even transfer your earnings to GCash, there are a couple of steps you need to follow beforehand.

Step 1: Open up Coinbase on your web browser or mobile app and log in to your account.

Step 2: Sell your cryptocurrency for cash by clicking on “Buy/Sell” on the home tab.

Step 3: Choose which crypto asset you want to sell and enter the amount.

Step 4: Complete the transaction by clicking or tapping on “Sell Now.”

Step 5: Once you have sold your crypto assets and converted them to Philippines Peso, you can now transfer your funds out of your Coinbase account.

How to transfer from Coinbase to GCash

There is no direct way to transfer your Coinbase funds to GCash. So, you will first have to transfer them out to your Coins.ph account and then make another transfer to GCash.

Here’s how to do it:

Step 1: Open your Coinbase app and log in.

Step 2: On the home screen, click on the “Send” button next to your balance.

Step 3: Enter the amount that you wish to transfer out of Coinbase.

Step 4: Tap “Continue” and enter your Coins.ph crypto address where you will receive the funds.

Step 5: Once you have received the funds in your Coins.ph crypto wallet, you have to convert this into Philippine Peso on the Coins.ph app.

Step 6: After converting your crypto into Peso, tap on the “Cash Out” icon.

Step 7: Look for the E-Wallets and select the “GCash” logo.

Step 8: Input the Peso amount that you want to transfer to your GCash account.

Step 9: Choose whether you want to transfer the funds through Instapay or PESONet.

Step 10: Input your GCash account name and GCash mobile number.

Step 11: Slide to pay to complete the transaction.

Step 12: You can now use your funds to pay bills, buy load, invest, or send to other users.

Frequently Asked Questions (FAQs)

Do I have to pay any transfer fees?

There is a network transfer fee when you cash out your Coinbase funds and transfer to your Coins.ph account.

From Coins.ph to GCash, there is a Php 10 transfer fee if you choose to use Instapay for the transfer.

How long will it take for me to receive my funds in GCash?

This will depend on whether you selected Instapay or PESONet for the transfer. Instapay transfers are instant or are completed within 10 minutes. On the other hand, PESONet transfer can take up to 24 hours or more.

Conclusion

Although there are many steps involved, it is definitely possible to transfer your crypto trade earnings from Coinbase to e-wallets in the Philippines.

This way, you can use these funds for your daily transactions.

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