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Withdraw from Coast account using Wise.com (International)
Withdraw from Coast account using Wise.com (International)
Updated over a year ago

Follow these steps to withdraw $USD from your Coast Digital Account using Wise.com. We recommend using Wise if you are a non-USA user because it is the fastest, most cost effective way to move money internationally.


STEP 1 - Burning The Tokens

Withdrawing USD to your bank account requires that you have $USD in your Digital Account. The simplest way to do this is to Burn $CST. But if you have already done this, you can jump to step 2 - withdrawing to bank.

1. Login to your Coast account

2. Connect to MetaMask

3. Login to MetaMask

4. Select the Burn Tab

5. Enter Amount to Burn

6. Approve app to Burn your $CST

If you have NOT previously approved the Coast app to Burn your $CST, the first of the two buttons in the Burn Summary will be Blue and you will be prompted to Approve. Also the text at the bottom of the Burn Summary will read "Connect to PulseChain Mainnet to Mint/Burn $CST."

7. Burn your $CST

If you have previously approved the app to Burn your $CST, the first of the two buttons in the Burn summary will be grey and read "Wallet Approved". If this is the case, you can continue to Burn using the second button. This button will Burn the amount your entered on the left of the screen. If you want to Burn more/less, change this number.

8. Approve Burn in Wallet

9. Sending $CST

During this step, your Wallet is sending $CST to the Contract Address. The time for this transaction to process depends on the setting you chose when you initiated the transfer.

10. $CST Send Complete

At this point, the Contract has received your $CST and is alerting Fortress.

11. Transferring your USD

During this step, $USD is being transferred from the $CST Collateral account to your Custodial Account with Fortress. It will show as complete when Fortress tells Coast the transfer is complete by sending a Webhook.

12. Transfer Complete

Depending on the speed at which the Webhooks are functioning, the Transfer window may or may not close on it's own.

13. Funds are available

At this point, if the window remains open for longer than 20-30 seconds, simply refresh your browser tab and notice if your burned coins are now showing in your Digital Account under Current Balance.


STEP 2 - Withdrawing to Bank

14. Open the Withdraw Cash draw

15. Enter Amount to Withdraw

16. Add Bank Account Manually

If your bank is not available in the list of banks provided by Wise, you can manually link a USA-based bank account to the Coast app using the manual input form.

17. Open Wise.com

18. Select your $USD Account

19. Get Account Details

20. Copy Account Details

21. Add Bank Account Manually

22. Select Saved Account

Notice that when you manually link an account it will read as an "External Account" not as a "Plaid Linked External Account". So it should be easy to identify in the dropdown list.

23. Withdraw Button will Activate

24. Transaction Completes

Conclusion

Still need help? Please use the online chat feature that you will find in the bottom right hand corner of the Coast application. There you will find helpful resources and be able to chat with our team to assist you in getting funds back to your bank account.

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