Cryptocurrency Q&A Why is my card unable to cash out on Coinbase?

Why is my card unable to cash out on Coinbase?

ShintoBlessing ShintoBlessing Fri Nov 29 2024 | 5 answers 1180
I'm trying to cash out on Coinbase using my card, but it's not working. I'm not sure why it's happening. The card is valid and has enough funds, but the transaction is being declined. What could be the reason for this? Why is my card unable to cash out on Coinbase?

5 answers

JamesBrown JamesBrown Sun Dec 01 2024
This action is directly tied to the funding method chosen by the user.

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lucas_clark_artist lucas_clark_artist Sun Dec 01 2024
For security and regulatory compliance reasons, there are certain restrictions in place.

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GyeongjuGlory GyeongjuGlory Sun Dec 01 2024
Specifically, users are unable to immediately withdraw their local currency using the same linked bank account.

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Maria Maria Sun Dec 01 2024
The process involves purchasing cryptocurrency or adding cash in local currency through a linked bank account.

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Lorenzo Lorenzo Sun Dec 01 2024
Additionally, cryptocurrency purchased with such funds cannot be transferred off of the Coinbase platform right away.

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