The exchange also revealed another significant modification to withdrawals. Withdrawals from Coinbase to bank accounts may take up to five days to arrive at the moment. The present system relies on Automated Clearing House (ACH) transactions, which are notoriously time-consuming. Customers with connected bank accounts will cash out their investments immediately under the new system, which will utilize Real Time Payments.
Coinbase claims to be the first crypto exchange to provide fast cashouts through Real Time Payments (RTP), allowing clients in the United States with connected bank accounts to cash out up to $100,000 per transaction quickly and securely.