How Long Does Coinbase Bank Deposit Take

With over 73 million verified users, Coinbase is easily one of the biggest cryptocurrency exchange platforms in the world. Before you pour your resources onto the platform, make sure you know the answer to the following question – How long does Coinbase bank deposit take to complete?

A Coinbase bank deposit takes about three to five days to complete in the US, but the depositing varies between regions and banking systems. The funds become available on your exchange profile as soon as your bank processes the transaction.

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Coinbase offers a variety of payment methods to its users. If bank depositing doesn’t suit you, there will still be a few other ways to transfer funds to your personal exchange profile.

A Coinbase Bank Deposit Takes Three to Five Business Days to Complete

If you are from the US, the Coinbase bank deposit typically takes about 3-5 business days to complete after the purchase was initiated. The platform then makes the funds available in your exchange account as soon as the payment is processed.

Since Coinbase is partnered with various payment services across the entire world, the processing time will vary depending on your location and the banking system used in the transaction.

The payments made from your checking account are completed with an automated clearing house (ACH) bank transfer system and take the same amount of time to get processed.

Other countries and regions use different banking systems, so their processing time will differ from what I described above. If you’re depositing funds onto the platform outside of the US, the table below will give you a better idea of what type of transfer you’ll have to use, as well as their processing times.

Country/RegionBanking SystemProcessing Time
European UnionSEPA transfer (Single Euro Payments Area)2-3 Business Days
UKGBP bank transfers (Faster Payments)One Business Day
EFT (Electronic Funds Transfer)
Instant (Interac)
3-4 Business Days

While processing may vary between regions, the estimated delivery time will always be displayed before confirming an order. This option is very convenient, as it allows a user to see when their transaction should concur.

If you forgot to write it down or can’t remember it, the estimated date can also be found in the order confirmation email that the platform sends out after each transaction.

Why Is My Coinbase Transaction Taking So Long?

There could be a few reasons why your Coinbase transaction is taking a long time. For starters, the processing times are much longer in countries with strict regulations regarding the use and trade of cryptocurrencies. This is precisely why it takes more time to process deposits in the US than in most other countries.

It’s important to note that deposits are delayed during specific times of the year, like holidays. Since business days typically include Monday-Friday, from 9 AM to 5 PM, weekends or holidays won’t be counted towards the processing time. For example, if you place an order after the usual working hours on a Friday, the transfer won’t start before Monday.

If depositing is taking a long time, you can check the status of your transaction on the Coinbase website. One possibility is that the network is congested, which can cause delays in transactions.

Transfers can also remain in the “Pending” stage for longer when the nodes are out of sync, but the problem is usually resolved in under an hour. If any of the network problems persist, you may need to contact Coinbase support for help.

How to Transfer Funds From a US Bank Account to Your Coinbase Wallet?

In order to transfer funds from your checking account to the Coinbase wallet, you will need to:

  • Log in to your Coinbase Pro account,
  • Open the trading view under the “Trade” section,
  • Click on “Wallet Balance” and select “Deposit” on the left-hand column,
  • Select “USD” from the “Currency Type” field,
  • Go to the “Bank Account” tab and click on “From”,
  • Select a verified checking account to deposit from,
  • Specify the amount of USD you want to transfer,
  • Click on “Deposit USD” to finish the transaction.

Even though it takes about 3-5 days for the deposit to be received by Coinbase, be aware that the funds may immediately be debited from your checking account as soon as you initiate the transaction.

On that note, don’t forget to check whether your selected bank has any fees for depositing. Depending on the region, the process can be free, or you’ll have to pay a small percentage fee.

Once the bank has processed your transaction, your funds will enter the Coinbase system, allowing you to see a change in your account balance sometimes before the official estimated delivery date.

A happy-looking woman checking her phone

Does Coinbase Deposit Instantly?

While a typical bank transfer can take up to five business days to complete, using a bank wire allows Coinbase to deposit funds instantly to your local wallet. If the order is submitted before 1:00 PM PT, the money can be transferred from your checking account to your Coinbase wallet on the very same day. Otherwise, the funds will become available after one business day.

This option isn’t free, though, as depositing money through the wire requires you to pay a $10.00 Deposit Fee for every transaction you make.

What Are the Requirements for the Coinbase Bank Wire Transfer?

While wire transfers are certainly the quickest way to transfer money from your checking account to your Coinbase wallet, the platform only accepts wires that fulfill very specific requirements, including:

  • The money is transferred from a US bank account,
  • The bank’s name matches your Coinbase account’s legal name,
  • The account is associated with your exchange profile and is not linked to other accounts,
  • The wire transaction includes the wire account’s number or your unique reference code,
  • Your designated wire transfer details were correctly entered.
A desktop version of the Coinbase exchange

Coinbase Bank Transfers Provide a Lot of Security, but Make Sure You Check Other Options

If you’re cautious about investing money in cryptocurrencies, bank transfers are a safe and reliable way to add more resources to the exchange platform. However, this payment method is not instantaneous, and there are other options that will enable you to get more funds onto the platform much faster. If you’re in a hurry to trade, I highly recommend considering a wire transfer and PayPal deposits first.