Coinbase Pro

Funding your account with GBP

UK customers have access to both a GBP and EUR wallet within their Coinbase accounts, but the wallets are funded using different payment methods. Adding a GBP payment method is currently not supported on the Coinbase Pro mobile app. Please use the Pro website for this action.

Deposits are available on the Pro mobile app by going to the Portfolios page and tapping the Deposit button in the top right-hand corner.

Deposit with a UK Bank Account

To link your UK bank account, follow these steps:

  1. Open the trading view.
  2. On the left-hand column under Wallet Balance, select Deposit.
  3. In the Currency Type field, select GBP.  
  4. In the Deposit GBP menu, select the Bank Account tab, select From, then select the Add Account link.

You will be redirected to Coinbase to complete the bank account verification process.

After you’ve linked your bank account, follow these steps to initiate a GBP deposit:

  1. Open the trading view.
  2. On the left-hand column under Wallet Balance, select Deposit.
  3. In the Currency Type field, select GBP.
  4. In the Deposit GBP menu, select Bank Account and use the information displayed to initiate a UK Bank transfer in GBP from your bank account.

It’s crucial to include the Reference Code listed to ensure that the deposit is correctly associated to your Coinbase account. 

In order for Coinbase to process your GBP deposit, follow these steps:

  1. Verify your UK ID and your mobile phone number in your Coinbase account
  2. 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
  3. Include the reference code EXACTLY as it appears—no spaces or additional text

Note: There is a £250,000 limit on all deposits into Coinbase. Any deposits sent over £250,000 will be rejected, including CHAPS transfers. 

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:

  1. Select the Portfolios tab.
  2. Select Withdraw in the GBP Wallet.
  3. Select the UK bank account you want to withdraw to, enter the amount, and confirm the withdrawal.

Note that we are not able to accept SWIFT international wires at this time. If you send a SWIFT payment to your Coinbase Pro account it will be automatically returned.

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