This post will walk you on how to sell cryptocurrency via your Coinbase account. Step 1: Confirm KYC + Have a relevant wallet for the cryptocurrency you are going to sell in exchange.
Go to the “Sell” page, select a cryptocurrency you wish to sell, type in how much of it or its local currency equivalent you want.
choose your payment method and click ‘Sell’, then review details before executing transaction. Then, Coinbase will secure and quickly process your sell order.
Understanding Coinbase
Coinbase is a well-known wallet service that also allows users to buy and sell Bitcoin, Ethereum, Litecoin – among others. The only thing we would say they need to improve is the availability of their customer service on weekends as, 1)
leading forex exchange markets are active in different time zones over that period and so it potentially a lot more advantageous for traders if support were available during this duration, & 2)
Given its a global platform with services used by millions around there world good hedging practice suggests at least some of those users will be trading actively globally throughout all days.
How To Sell Cryptocurrency On Coinbase: Explain In Detailed
How to create a free account with verification: Sign up for coinbase (If not already done) Open your browser and click on this LINK! Follow the verification process, typically uploading some doc related to identification for regulatory purposes.
Wallet set up: Make sure you have the wallet installed on Coinbase for coin/bit shares to sell Funds for each cryptocurrency stored in wallet
Click on Sell: Every time you are signed in to your Coinbase account, click on the ‘Sell’ option. This is often on the front-page or dashboard.
Which Crypto to Sell: Pick your specific cryptocurrency you would like to sell from the wallet part of Coinbase. Verify that you are picking the right one
Amount: How much cryptocurrency do you want to sell? You can either type in the cryptocurrency units or fiat equivalent(value in your local currency) you want to buy. Coinbase has a great calculator for that right here.
Select a Payment Method: Choose the method in which you want to be paid for your sale Although options will vary from wallet to wallet, they include bank wire (ACH), PayPal and sending it another account that works with the currency.
Check and Reconfirm: Always double-check all the details of your transaction including specific price, payment method detail if you choose, any service fee. After you are happy with the settings, click on “Sell” and proceed.
Transaction Processing: Coinbase will execute the sale transaction. This process can take a few minutes or several hours depending on network congestion and the cryptocurrency in question.
Confirmation and Receipt: An email with confirmation will be sent to you by Coinbase post the transaction. The accumulated funds will be debited to your specified means of payment, or a cryptocurrency wallet.
Features
Easy To Use Software
This one is connected with an easy and intuitive interface. As a user-friendly too, they guide sellers on each step of selling their asset.helper Ratishaji has mentioned Holy Transaction Wallet in nthe video tutorialNSAttributedString phase>; used by plugin Well, no matter if you’re new to trading or been at it for a while selling your digital coins through its platform is very beginner-friendly and straightforward.
Thousands of Crypto Coins
Coinbase does a pretty good job supporting a wide variety; the most popular ones are Bitcoin, Ethereum (ETH) & Litecoin (LTC). This offers over 40 different selling options from within Coinbase native wallets users can sell variety of their digital assets.
Users can choose between several payment methods to access their cryptocurrency sales proceeds Some common ways are bank transfers (ACH), PayPal, or moving funds to another cryptocurrency wallet.
Multiple Payment Methods
One of manyMain advantages is the real time pricing and calculations: coinbase enables to view in shorthand fiat values (USD, EUR), thus user can easily see value of their holdings from cryptocurrency side. Ensuring more Trustable & Transparent selling process.
As well as the safety of doing transactions with:
Coinbase takes security very seriously, and they have some features to make it one of the safest exchanges you can possibly use: 2-factor authentication (otherwise called SecurID); Encryption on all data;amines & audits Such a system ensures both trustworthiness in your trading overall experience allowing for an efficient reaction if there is something wrong. Traders can sell cryptocurrency without worrying their money is not safe.
Coinbase Transparent Fees
You just pay a small percentage which is already shown to you while selling your cryptocurrency. However, it may charge some fee depending on the transaction size and payment methods used.
Mobile app
Coinbase has a mobile app (IOS and Android) to sell, trade your digital currencies on the go. It has the same functionalities as available on their desktop platform, which suggests convenience and availability whenever you are travelling.
Educational Resources
Educational resources and tutorials from CoinBase to assist users with the basics of cryptocurrency trading and selling if new. This allows even the most inexperienced user, to make more informed decisions when dealing with their digital assets.
Conclusion
To summarize, the process of selling cryptocurrency on Coinbase is simplified and made easy via its user-friendly interface as well as its extensive list of cryptocurrencies that can be traded against for fiat currency with a myriad payment options.
It allows users to sell their digital assets in least possible time span, with a transparent fee structure and utmost security.
With their desktop interface and mobile app platform, Coinbase gives you the necessary tools to for both beginner traders as well more experienced ones trade effectively.
From ENFORCEMENT AND REGULATORY MATTERS, to CUSTOMER SUPPORT and QUIRIES – CoinBase has a lot of experience in getting ordinary people into Crypto.
