Payment methods for UK customers

Coinbase supports the following payment methods for UK customers:

	Best For	Buy	Sell	Deposit	Withdraw	Speed
Faster Payments	Large amounts, GBP deposits, Withdrawing	✘	✘	✔	✔	1-3 business days
SEPA Transfer	Large amounts, EUR deposits, Withdrawing	✘	✘	✔	✔	1-3 business days
3D Secure Card	Instant crypto purchases	✔	✘	✘	✘	Instant
PayPal	Withdrawals	✘	✘	✘	✔	1 business day
Instant Card Withdrawals	Withdrawals	✘	✘	✘	✔	Instant

UK customers have access to both a GBP and EUR wallet within their Coinbase account, but the wallets are funded using different payment methods.

Note: Coinbase currently does not accept physical checks nor bill pay as a payment method to purchase cryptocurrency or to deposit funds into a user's fiat wallet. Checks will be returned to sender upon receipt via mail, provided a mailing address is present.

Deposit with a UK Bank Account

To link your UK bank account, go to Settings > Payment Methods before initiating a transfer. After you've linked your UK Bank Account, follow these steps to initiate a GBP deposit:

Select Portfolio on the menu at the top of the page.
Select the Deposit button in the GBP Wallet.
Use the information displayed to initiate a UK bank transfer in GBP from your UK bank account. It's important to include the Reference Code listed to ensure that the deposit is correctly associated to your Coinbase account.*

*We are currently in the process of replacing reference codes with a unique account number to make the deposit process more seamless and secure.

In order for Coinbase to process your GBP deposit, you must:

Verify your UK ID and your mobile phone number in your Coinbase account.
Ensure that the name on your bank account matches the name on your Coinbase account. Corporate or institutional bank accounts are not supported unless you have completed our institutional onboarding process.
Include the reference code EXACTLY as it appears: no spaces or additional text.

Withdraw to a UK Bank Account

Before you can withdraw GBP to your UK bank account, you will need to complete an initial deposit of GBP from your bank account to your Coinbase account. Instructions for this can be found above.

To withdraw GBP from your Coinbase account, follow these steps:

Select Portfolio on the menu at the top of the page.
Select the Withdraw button in the GBP Wallet.
Select the UK bank account you want to withdraw to, and enter the amount.
Confirm the withdrawal.

Using EUR bank transfers (SEPA)

Please see these instructions for using EUR bank transfers via SEPA.

Trying to withdraw from your EUR wallet to a non-SEPA bank? Please see here.

Making an Instant Card Withdrawal

There are only a few steps to instantly withdraw from your GBP wallet:

Ensure you have money in your GBP wallet (you may need to sell crypto).
In your GBP wallet, select Withdraw.
Choose your linked card from the menu as the withdrawal option.

For more information about Instant Card Withdrawals, please see here.

Buying with a Credit or Debit Card

You can make a purchase with a credit or debit card if your card supports "3D Secure." With this payment method, you will not have to pre-fund your account to buy. You can purchase instantly without waiting for a bank transfer to complete.

To determine if your card supports 3D Secure, please contact your credit/debit card provider directly or simply try adding it to your Coinbase account. You will get an error message if your card does not support 3D Secure. Some banks extra security steps to authorize a purchase using 3D Secure. Some of the methods you may see will be a text message, a bank provided security card, or security questions.

To link a 3D Secure card to your account, follow these steps:

When logged into your account, go to your Settings and select Payment Methods.
Select Link a New Account at the top right.
Choose Credit/Debit Card.
If needed, fill in the billing address for your credit/debit card (The address must match the billing address for the card).
Enter your card information and select Add Card.
You should now see a window that says Credit Card Added and a Buy Digital Currency button. You can now buy digital currency using the Buy/Sell page anytime.

When you're ready to make a purchase using your card:

Go to the Buy/Sell Digital Currency page.
Enter the desired amount.
Select the card on the payment methods drop down menu.
Confirm the order is correct and select Complete Buy.
You may be directed to your bank's website to confirm the purchase (Process different depending on bank).

Note: Some card issuers are blocking digital currency purchases with existing credit cards. We encourage affected customers to switch to a debit card or linked bank account instead. If you have a credit card linked already, your bank may charge additional fees for Coinbase credit card purchases. To avoid these fees, switch to debit card or bank account.

If you're making a purchase using a 3D Secure card via our mobile apps, please see here for instructions.

We're also unable to support prepaid cards or other cards without an associated billing address.

All credit cards and debit card payments are processed through Coinbase UK, Ltd.

*Please contact Coinbase support if you have any issues with your wire. Do not contact our partner banks, they will be unable to assist you as your account is managed by Coinbase.