Can I Withdraw $1,000,000 from Coinbase? Your Simple Guide to Large Withdrawals

Yes, you can withdraw $1,000,000 from Coinbase, but you cannot do it instantly in one transaction with a regular verified account. The default daily withdrawal limit for fully verified US users is $100,000 per day for USD, which means withdrawing a full million dollars would take 10 consecutive business days if you do not increase your limit. To withdraw $1 million faster, you need to request a limit increase, complete extra verification steps, or contact Coinbase Support to arrange a custom high-value wire transfer.

Coinbase sets different rules for cryptocurrency versus cash withdrawals, and understanding this difference matters for your $1 million plan. You can withdraw unlimited amounts of Bitcoin, Ethereum, or any other crypto to an external wallet with no caps, but cashing out $1,000,000 in USD to your bank account follows strict daily limits that start at $100,000 per day for standard verified accounts. For example, if you have $1 million in Bitcoin on Coinbase, you can send all of it today to your hardware wallet, but if you sell it to USD first, you can only withdraw $100,000 of that cash today unless you upgrade your account limits.

The easiest first step is to check your current withdrawal limit and request an increase through Coinbase Exchange, where you can see your exact limit under Settings then Limits and Features. Click Increase Limits on the Limits page, then complete any additional verification Coinbase asks for, such as confirming your source of income or providing extra identity documents, which can raise your daily limit from $100,000 to $250,000 or higher depending on your account history. For instance, a user who trades frequently and has a 2-year verified account with no issues might get approved for a $500,000 daily limit after submitting their tax returns and bank statements.

If you cannot increase your limit quickly enough, you can still withdraw your full $1,000,000 by splitting it into multiple smaller withdrawals over several days using the default $100,000 daily cap. This means you would withdraw $100,000 on Monday, another $100,000 on Tuesday, and continue this pattern until day 10 when you receive your last $100,000, giving you the full million after 10 business days. Many large holders use this method when they do not need the money immediately and want to avoid waiting for manual limit review approval.

For faster access to your full $1 million, contact Coinbase Support directly or use Coinbase Exchange to request a custom wire transfer, since Coinbase supports high-value transactions for accounts that qualify through additional compliance checks. Wire transfers have a $25 outgoing fee and no minimum amount, so you can send your entire $1,000,000 in one transaction once Coinbase approves your request, rather than waiting 10 days for daily limit withdrawals. As an example, a user who called Coinbase Support at +1-866-915-2848 (US) and explained they needed to withdraw $1 million for a real estate purchase was approved for a single wire transfer after providing proof of the property deal and their bank’s wire reception details.

Coinbase requires these limits and extra verification steps because they must comply with US financial regulations that track large money movements to prevent fraud and money laundering. When you request to withdraw $1 million, Coinbase will ask for documents showing where the money came from, such as sale records from crypto you bought years ago, tax forms showing reported income, or bank statements proving legitimate deposits, and this process usually takes 2 to 5 business days to complete. This is normal and safe, and it protects your account from being frozen or flagged for suspicious activity.

Always watch for scam texts that pretend to be from Coinbase and ask for your withdrawal code, because Coinbase will never call, email, or text you to request your social security number, 2FA code, or withdrawal password. If you receive a message saying your withdrawal code is 123456 and includes a phone number to call, it is a phishing scam, and you should delete it immediately and report it to [email protected] instead of calling that number. For example, in 2025, thousands of Coinbase users received fake texts with withdrawal codes and fake support numbers, but real Coinbase support never sends codes this way.

To withdraw $1,000,000 successfully, follow this simple checklist: first verify your account is fully verified with all ID documents uploaded, then check your current limit in Settings and request an increase on Coinbase Exchange, and if you need the money faster, contact Coinbase Support to arrange a one-time wire transfer for your full million. Keep your $25 wire fee in mind, save all your crypto sale records and tax documents for compliance, and never share your withdrawal code with anyone who texts or calls you. With proper preparation, withdrawing $1 million from Coinbase is possible and safe, even if it takes a few days for approval.

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