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 at pro.coinbase.com/trade
  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 at pro.coinbase.com/trade
  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 on the menu at the top of the page
  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

Depositing with SWIFT transfers

To deposit with SWIFT transfers, follow these steps: 

  1. Open the trading view at pro.coinbase.com/trade

  2. On the top right-hand side, select Portfolios

  3. Under Portfolios, select Deposit and then GBP

  4. In the Deposit GBP menu, select SWIFT Transfer

  5. Use the information displayed to initiate a SWIFT transfer in GBP from your bank account

  6. Send at least £10 for an initial verification deposit. If your bank transfer is successful, this deposit will be credited to your Coinbase Pro account and your linked bank account will be automatically verified for deposits and withdrawals.

It is important to include the Reference Number, Name, IBAN, and BIC to ensure that your deposit is correctly associated with your Coinbase Pro account. Please include this exactly as displayed. Your funds will typically appear in your account 2-5 business days after you send them. 

Note: After you have verified your bank account by making a successful initial verification deposit, moving forward, the required minimum for SWIFT deposits is £1000.

*If you send a SWIFT payment in EUR, it is subject to a €5 fee that we are not able to waive. If your payment is less than €5, your funds will not be returned.

Withdrawing with SWIFT transfers

Before you can withdraw GBP to your bank account, you will first need to complete a successful SWIFT deposit to your Coinbase Pro account. Instructions for this can be found above.

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

  1. Open the trading view at pro.coinbase.com/trade

  2. On the top right-hand side, select Portfolios

  3. Under Portfolios, select Withdraw

  4. In the Withdraw GBP menu, select SWIFT Transfer

  5. From the drop-down menu, select the verified bank account you would like to withdraw to — if you verified your SWIFT bank account, it should be listed here

  6. Enter the GBP amount you would like to withdraw. You are able to withdraw all of your GBP by selecting MAX

  7. Select Withdraw SWIFT to Bank to confirm. Withdrawals typically take 1-3 business days to complete 

Note: There is a required £500 minimum for withdrawals.

If you have submitted a deposit and it has not been credited to your Coinbase Pro account after 2-5 business days, please contact us, and include the amount and Reference Number.

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