Funding your account with GBP

Faster Payments

Note: Coinbase currently does not support credit or debit cards, Paypal, or Omnibus Wires as payment methods for Exchange accounts.

Depositing with a UK bank account

To verify your bank account, we recommend you make an initial deposit of at least £50 to your Exchange GBP wallet. Once the funds reach your account, then your bank account will automatically be verified. 

To initiate a deposit:

1. Ensure you are signed out out of all other Coinbase accounts

2. On Coinbase Exchange, select Portfolio

3. On the right-hand side, select Deposit > GBP > Faster Payments

4. Follow the instructions shown

Note: It’s important to include the Reference Code to ensure that the deposit is correctly associated with your Coinbase account. 

Your funds will take up to 1 business day to appear in your account after you’ve sent them. 

Withdrawing to a UK bank account

Before you can withdraw GBP to your bank account, you will first need to complete a successful SEPA deposit to your Exchange account. You won't need to enter any bank credentials on Coinbase to complete verification. 

To withdraw GBP from your Coinbase account:

1. Select Portfolio after signing in

2. On the right-hand side, select Withdraw > GBP > Faster Payments

3. Select the receiving bank account under To

4. Enter the amount you’d like to withdraw

5. Confirm the amount and select Withdraw

Withdrawals typically take 1-2 business days to complete.