Funding your account with GBP

Oct 10, 2019

If you are sending EUR via SEPA, you will need to look into your bank's policies on exchanging for EUR as well as any other fees that may apply for this service. Please refer to the depositing and withdrawing EUR article for more information.

We currently offer the following payment methods for UK customers:

  • GBP SWIFT transfers

  • EUR bank transfers (via SEPA)


UK customers have access to both GBP and EUR within their Coinbase Pro account, but the wallets are funded using different payment methods (please see below).


Using EUR bank transfers (SEPA)

Please see these instructions for funding your account with GBP using EUR bank transfers via SEPA.


Using GBP SWIFT transfers

You’ll need to first link a GBP Bank account before using it to deposit GBP. 

Linking a GBP Bank Account:

  • Open the Trade View at pro.coinbase.com/trade
  • ​On the left-hand column under Assets, select Deposit
  • From the Currency Type drop down menu, select GBP
  • Select the Bank Account tab, then click ADD BANK
  • Follow the prompts to find your bank or add your bank account information



Deposit with a GBP Bank Account

  • Open the Trade View at pro.coinbase.com/trade
  • ​On the left-hand column under Assets, select Deposit
  • From the Currency Type drop down menu, select GBP
  • Use the information displayed to initiate a GBP SWIFT transfer in GBP from your bank account. It’s important to include the Reference Code listed to ensure that the deposit is correctly associated to your Coinbase Pro account. 


Please note that in order for Coinbase Pro to process your GBP deposit, you MUST:

  • Verify a UK ID and your mobile phone number in your Coinbase account
  • Ensure that the name on your bank account matches the name on your Coinbase Pro account. Corporate or institutional bank accounts are not supported unless you have onboarded as a business and your account is under your business name.
  • Include the reference number EXACTLY as it appears: no spaces or additional text


Withdraw to a GBP 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 Pro account. Instructions for this can be found above.

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

  1. Go to the trade page
  2. Select the Withdraw button
  3. Select GBP as the currency type
  4. Select the GBP bank account you want to withdraw to, and enter the amount
  5. Confirm the withdrawal. Please note that a withdrawal fee of £1 will be deducted from the amount.

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