# Cashing Out: How to Transfer USDC to Your Bank

This guide walks you through the full process of converting your USDC rewards into cash in your bank account. We recommend Coinbase as your exchange, especially if you're new to crypto — but most steps apply to other exchanges as well.

The process has three steps:

1. [**STEP 1:** Send USDC from your wallet to your exchange account](#step-1-send-usdc-from-your-wallet-to-your-exchange)
2. [**STEP 2:** Convert USDC to your local currency](#step-2-convert-usdc-to-your-local-currency) (Canada-based pilots only)
3. [**STEP 3:** Withdraw funds from your exchange to your bank account](#step-3-withdraw-funds-to-your-bank-account) (for both [US-based Pilots](#us-based-pilots) and [Canada-based Pilots](#canada-based-pilots))

<figure><img src="https://2159874753-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn1uNB9PYgncTgQ8VHQXh%2Fuploads%2Faqb4KU4LRfEQmi7XS0xX%2Funknown.png?alt=media&#x26;token=263ea39a-b3e0-4353-ba3a-20e25cfbd823" alt=""><figcaption></figcaption></figure>

***

### Before you start

Make sure you have the following before proceeding:

* USDC rewards in the wallet connected to your Spexi account&#x20;
* [A Coinbase account ](https://help.coinbase.com/en/coinbase/getting-started/getting-started-with-coinbase/create-a-coinbase-account)(or another exchange that supports Base Network deposits)
* [A bank account connected to your exchange](https://help.coinbase.com/en/coinbase/getting-started/add-a-payment-method/add-and-verify-pm-namerica-latam)

If you haven't set up a Coinbase account yet, now is a good time. [Coinbase provides official instructions for creating an account](https://help.coinbase.com/en/coinbase/getting-started/getting-started-with-coinbase/create-a-coinbase-account) and [securing it](https://www.coinbase.com/security/login-security) with a strong password and two-factor authentication (2FA).

***

## Step 1: Send USDC from your wallet to your exchange

***

{% hint style="info" %}
⚠️ Important: **You must send your USDC on the Base Network**. Sending on the wrong network may result in lost funds. Double-check that Base is selected before confirming any transaction.
{% endhint %}

To send USDC to Coinbase, you'll need your Coinbase deposit address for USDC on Base. This can be found in your Coinbase account under Receive > USDC > Base Network.

1. From the Coinbase home screen, click **Receive crypto**.&#x20;

<figure><img src="https://2159874753-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn1uNB9PYgncTgQ8VHQXh%2Fuploads%2FhyGVtsWLSP9KwUT8bTjG%2Funknown.png?alt=media&#x26;token=9269eb9b-190d-46e7-ae86-4da07ffd4745" alt=""><figcaption></figcaption></figure>

2. Search for and/or **select USDC**.

<figure><img src="https://2159874753-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn1uNB9PYgncTgQ8VHQXh%2Fuploads%2F8Pw95Kn6TMtx6uZy1PTU%2Funknown.png?alt=media&#x26;token=fbfe40d0-371c-4858-8f2b-4fff7c5c1c47" alt=""><figcaption></figcaption></figure>

3. In “Select network,” **choose Base**. You may also get a warning to make sure you chose the correct network. Only send your USDC on the Base network. Coinbase also estimates the time the transfer will take – it is usually seconds on the Base Network.

<figure><img src="https://2159874753-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn1uNB9PYgncTgQ8VHQXh%2Fuploads%2FVgh8LhJwLIKX7S2lD1QM%2Funknown.png?alt=media&#x26;token=20e8bedd-6055-4b57-aeab-acc2c41fa5a4" alt=""><figcaption></figcaption></figure>

<figure><img src="https://2159874753-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn1uNB9PYgncTgQ8VHQXh%2Fuploads%2FJwtBsOcIWVcojwqDGzo2%2Funknown.png?alt=media&#x26;token=580eef96-3a30-4be1-bd71-2215ffa3ba5d" alt=""><figcaption></figcaption></figure>

4. The “Receive USDC” screen then provides your deposit address. **Copy the address by clicking the** <img src="https://2159874753-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn1uNB9PYgncTgQ8VHQXh%2Fuploads%2FMjf7owadrfaqXbVpVXlU%2Funknown.png?alt=media&#x26;token=9ef1dc76-acda-4f26-8f73-3641941390ef" alt="" data-size="line"> **icon**. This is the address you’ll need to paste into your wallet in the Spexi App.&#x20;

<figure><img src="https://2159874753-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn1uNB9PYgncTgQ8VHQXh%2Fuploads%2FPEPdh3qt167DHnIyjGuP%2Funknown.png?alt=media&#x26;token=c9ad82b9-5a83-42f2-84f1-28203952201a" alt=""><figcaption></figcaption></figure>

5. In the Spexi App, navigate to your Wallet, and click “**Send USDC now**”. With your wallet pulled up, click “**Send**”.

<figure><img src="https://2159874753-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn1uNB9PYgncTgQ8VHQXh%2Fuploads%2F2hn5CX1xe15tH0lTp6Fv%2Funknown.png?alt=media&#x26;token=4a04101a-2607-4ed7-b9a3-6ea073346269" alt=""><figcaption></figcaption></figure>

6. Select the USDC token, paste in your Coinbase deposit address, and specify the amount you’d like to send. The app will show “Transaction Successful” and the sent funds will be received in your Coinbase account, typically within minutes.&#x20;

<div><figure><img src="https://2159874753-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn1uNB9PYgncTgQ8VHQXh%2Fuploads%2FQGKigl4GDtSOeCbr6J7N%2Funknown.png?alt=media&#x26;token=21856b7c-2680-4151-aca7-8b1712c57aa7" alt=""><figcaption></figcaption></figure> <figure><img src="https://2159874753-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn1uNB9PYgncTgQ8VHQXh%2Fuploads%2FwJL6oQw3tXbG62UcbLGD%2Funknown.png?alt=media&#x26;token=2c896f58-abd3-416f-91e7-f2cbdc705985" alt=""><figcaption></figcaption></figure></div>

While [other exchanges can be used](https://support.layerdrone.org/rewards-faq#are-there-other-options-for-converting-my-usdc-into-cash), we recommend Coinbase for pilots new to crypto. *If your exchange doesn't support native Base integration, you won't be able to receive your USDC there.*

***

## Step 2: Convert USDC to your local currency

***

### US-based pilots (USDC → USD)

**US-based pilots on Coinbase can skip this step.** Coinbase treats USD and USDC as interchangeable — meaning you can withdraw your USDC directly as US dollars without any extra conversion. Proceed to Step 3.

### Canada-based pilots (USDC → CAD)

**Pilots based in Canada need to convert your USDC to CAD before withdrawing**. In Coinbase, navigate to Trade > Convert, select USDC as your source currency and CAD as the destination, enter your amount, and confirm.&#x20;

1. From the Coinbase home screen, click **Sell** (top right)

<figure><img src="https://2159874753-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn1uNB9PYgncTgQ8VHQXh%2Fuploads%2FfWambAOgBzHLN3g28rwt%2Funknown.png?alt=media&#x26;token=854616b3-d65e-4d77-bd49-19ea852957bb" alt=""><figcaption></figcaption></figure>

2. Under "Sell," select **USDC**

<figure><img src="https://2159874753-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn1uNB9PYgncTgQ8VHQXh%2Fuploads%2FKkOSh085QQhiySZLm343%2Funknown.png?alt=media&#x26;token=5214fb04-4625-41d7-8722-0ae366eafada" alt=""><figcaption></figcaption></figure>

3. Under "To," select **CAD Wallet**

<figure><img src="https://2159874753-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn1uNB9PYgncTgQ8VHQXh%2Fuploads%2FEANPrtR64uNX9ZpHBNzT%2Funknown.png?alt=media&#x26;token=c553083e-1278-4eb4-911e-175f4b2d7d51" alt=""><figcaption></figcaption></figure>

4. Enter the amount you'd like to convert

<figure><img src="https://2159874753-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn1uNB9PYgncTgQ8VHQXh%2Fuploads%2FH4AiX9GCjFM9j7D9xOJq%2Funknown.png?alt=media&#x26;token=d87e8f0c-4c0c-4ca5-8a24-f67b125fbd36" alt=""><figcaption></figcaption></figure>

5. Click **Review order**, then **Sell now**

<div><figure><img src="https://2159874753-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn1uNB9PYgncTgQ8VHQXh%2Fuploads%2FcNPajepMy7VRP7Z3IABQ%2Funknown.png?alt=media&#x26;token=b1f8f611-275f-41cf-9341-13ea42ad6d06" alt=""><figcaption></figcaption></figure> <figure><img src="https://2159874753-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn1uNB9PYgncTgQ8VHQXh%2Fuploads%2F35PAOTu4eb7NyffsujKd%2Funknown.png?alt=media&#x26;token=f0645ae4-c26b-482b-ac76-e63097bce848" alt=""><figcaption></figcaption></figure></div>

***

## Step 3: Withdraw funds to your bank account

***

First, make sure your bank account is connected to Coinbase. Coinbase supports US ACH transfers and US/Canada wire transfers, as well as [other payment methods](https://help.coinbase.com/en/coinbase/getting-started/add-a-payment-method/add-and-verify-pm-namerica-latam#available-payment-methods-by-country) depending on your country (including PayPal and debit cards). Official instructions for connecting a bank account are [available on Coinbase's support site](https://help.coinbase.com/en/coinbase/getting-started/add-a-payment-method/add-and-verify-pm-namerica-latam).

{% hint style="info" %}
Note: The steps below reflect the standard Coinbase interface. If you're using the advanced interface, toggle it off in the lower-left corner of the screen to follow along.
{% endhint %}

### **US-based pilots**&#x20;

1. On the Coinbase home screen, click Withdraw Cash (lower right)

<figure><img src="https://2159874753-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn1uNB9PYgncTgQ8VHQXh%2Fuploads%2FIEQXzeI0sPYo481MiGNs%2Funknown.png?alt=media&#x26;token=dec8216a-32b4-44c9-bc0f-a324a86fca28" alt=""><figcaption></figcaption></figure>

2. In the pop-up, click Withdraw

<figure><img src="https://2159874753-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn1uNB9PYgncTgQ8VHQXh%2Fuploads%2F6b0PEgP3J2oanlSAVzcd%2Funknown.png?alt=media&#x26;token=1f7ec0de-3617-4058-ab18-3769fad34f7b" alt=""><figcaption></figcaption></figure>

3. Select USDC as your source

<figure><img src="https://2159874753-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn1uNB9PYgncTgQ8VHQXh%2Fuploads%2FCWnvA662RHgZrK13kEof%2Funknown.png?alt=media&#x26;token=0c39742e-f32c-4c80-9f72-da636cd0fe8d" alt=""><figcaption></figcaption></figure>

{% hint style="info" %}
Note: Coinbase treats USDC and USD as separate balances. If you also have cash in your account, you'll need to run two separate withdrawals.
{% endhint %}

4. Select your bank account and preferred transfer method
   1. **Instant transfer**: Available for a sliding-scale fee; arrives within minutes. The fee is shown once you enter a withdrawal amount.
   2. **Standard transfer**: Typically free or low-fee; arrives in 1–3 business days

<figure><img src="https://2159874753-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn1uNB9PYgncTgQ8VHQXh%2Fuploads%2FUTcxO9slKNiXhsnK4Rcm%2Funknown.png?alt=media&#x26;token=50686ae6-1185-4e35-b265-f55fba4b0973" alt=""><figcaption></figcaption></figure>

5. Enter the amount you'd like to withdraw. (Fewer, larger withdrawals may reduce total fees over time.)

<figure><img src="https://2159874753-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn1uNB9PYgncTgQ8VHQXh%2Fuploads%2FBawO9de8jXH0tm2BJu57%2Funknown.png?alt=media&#x26;token=077a8d4f-98c9-4d7c-b89e-03acb67c00c6" alt=""><figcaption></figcaption></figure>

6. Click **Preview**, then **Withdraw now**

<figure><img src="https://2159874753-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn1uNB9PYgncTgQ8VHQXh%2Fuploads%2F29EHRtitqQvTF4BHyNjy%2Funknown.png?alt=media&#x26;token=7bcb97e5-455b-4daf-8fea-38de408469e5" alt=""><figcaption></figcaption></figure>

<figure><img src="https://2159874753-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn1uNB9PYgncTgQ8VHQXh%2Fuploads%2F73FRsxzLfclis6aoSchL%2Funknown.png?alt=media&#x26;token=741eb7f9-2d81-4006-9fcb-c7dc45e912ca" alt=""><figcaption></figcaption></figure>

Your funds will arrive according to your selected transfer method.

### **Canada-based pilots**

1. From the Coinbase home screen, click **Withdraw cash**

<figure><img src="https://2159874753-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn1uNB9PYgncTgQ8VHQXh%2Fuploads%2FNKaeUYiEbZ0mxMdy8sX9%2Funknown.png?alt=media&#x26;token=5cbf2fc7-ae39-445c-90f2-cfeabaf23003" alt=""><figcaption></figcaption></figure>

2. In the pop-up, enter the amount of cash you want to withdraw, then click **Continue**

<figure><img src="https://2159874753-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn1uNB9PYgncTgQ8VHQXh%2Fuploads%2FQ7qHZ10449cwyyBNrzHs%2Funknown.png?alt=media&#x26;token=ecdf8908-824c-47fa-ab8f-63a84d5deaa2" alt=""><figcaption></figcaption></figure>

3. Choose your transfer method. Fees are calculated based on withdrawal amount and method.&#x20;
   1. **Instant cash out** via Interac e-Transfer: 0-1% fee; Instant; lower withdrawal limit
   2. **Standard cash out** via bank account: fees vary by bank; timing varies by days; typically higher withdrawal limit

<figure><img src="https://2159874753-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn1uNB9PYgncTgQ8VHQXh%2Fuploads%2F9JCu2buGam2GW3haoW2r%2Funknown.png?alt=media&#x26;token=95a2485b-1167-4f10-ba5f-42bf8f3ec737" alt=""><figcaption></figcaption></figure>

4. Click **Preview**, then **Withdraw now**

<div><figure><img src="https://2159874753-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn1uNB9PYgncTgQ8VHQXh%2Fuploads%2FA4jzhQC87cCq8ah8nts6%2Funknown.png?alt=media&#x26;token=93ec04ed-8736-4e2e-b4f6-d357489ab870" alt=""><figcaption></figcaption></figure> <figure><img src="https://2159874753-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn1uNB9PYgncTgQ8VHQXh%2Fuploads%2FAMFL16cOFxbcwl5xa7U3%2Funknown.png?alt=media&#x26;token=61112628-fa91-425c-bc7e-f972b28f4472" alt=""><figcaption></figcaption></figure></div>

Depending on your cash out method, your cash should arrive in your bank account in minutes (Instant) or days (Standard). Coinbase provides an estimate and updates per transaction.&#x20;