How does Coinbase handle the funds when I sell my coins?

7 answers

• SAURAV KUMARMar 28, 2021 · 4 years ago
  When you sell your coins on Coinbase, the platform handles the funds by initiating a transfer from your Coinbase account to your linked bank account. The process typically takes a few business days for the funds to be deposited into your bank account. Coinbase will convert the coins into your local currency at the current market rate and deduct any applicable fees before initiating the transfer. It's important to note that the exact timeline may vary depending on your bank and the specific cryptocurrency you are selling.
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• fathylogicAug 14, 2023 · 2 years ago
  When you sell your coins on Coinbase, the funds are securely held by Coinbase until the sale is completed. Coinbase acts as an intermediary between buyers and sellers, ensuring a smooth transaction process. Once the sale is finalized, Coinbase will initiate the transfer of funds to your linked bank account. The time it takes for the funds to appear in your account may vary depending on your bank's processing time. Coinbase provides updates on the status of your transaction, allowing you to track the progress of the funds transfer.
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• Teodor IgnatApr 14, 2023 · 2 years ago
  When you sell your coins on Coinbase, the funds handling process is as follows: Coinbase will convert your coins into your local currency at the current market rate. The funds will then be transferred to your linked bank account. The exact timeline for receiving the funds in your account depends on various factors, including the specific cryptocurrency you are selling and the processing time of your bank. It's important to note that Coinbase may charge fees for the conversion and transfer of funds. Make sure to review Coinbase's fee schedule for more information.
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• anonymous-user1Oct 17, 2020 · 5 years ago
  When you sell your coins on Coinbase, the funds handling process is straightforward. Coinbase will convert your coins into your local currency and transfer the funds to your linked bank account. The timeline for receiving the funds in your account may vary depending on your bank's processing time. Coinbase provides a user-friendly interface where you can track the progress of your transaction and view the status of the funds transfer. It's important to note that Coinbase may charge fees for the conversion and transfer of funds. Make sure to review Coinbase's fee schedule for more details.
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• Dmitry NasenkovFeb 26, 2025 · 5 months ago
  When you sell your coins on Coinbase, the funds handling process is as follows: Coinbase will convert your coins into your local currency and initiate the transfer to your linked bank account. The time it takes for the funds to appear in your account may vary depending on your bank's processing time. Coinbase provides a secure and reliable platform for selling your coins and ensures that the funds are transferred to your bank account in a timely manner. It's important to note that Coinbase may charge fees for the conversion and transfer of funds. Make sure to review Coinbase's fee schedule for more information.
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• DemosFeb 06, 2023 · 2 years ago
  When you sell your coins on Coinbase, the funds handling process is simple and efficient. Coinbase will convert your coins into your local currency and transfer the funds to your linked bank account. The timeline for receiving the funds in your account may vary depending on your bank's processing time. Coinbase provides a transparent and user-friendly interface where you can track the progress of your transaction and view the status of the funds transfer. It's important to note that Coinbase may charge fees for the conversion and transfer of funds. Make sure to review Coinbase's fee schedule for more details.
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• MadanJan 31, 2024 · 2 years ago
  When you sell your coins on Coinbase, the funds handling process is as follows: Coinbase will convert your coins into your local currency and initiate the transfer to your linked bank account. The time it takes for the funds to appear in your account may vary depending on your bank's processing time. It's important to note that Coinbase is a reputable and trusted platform for handling cryptocurrency transactions. They prioritize the security and timely transfer of funds to ensure a seamless user experience.
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