What happens to the money when you sell your coins on Coinbase?

7 answers

• bwallisNov 01, 2022 · 3 years ago
  When you sell your coins on Coinbase, the money from the sale is deposited into your Coinbase account. Coinbase acts as an intermediary between buyers and sellers, so when you sell your coins, you're essentially selling them to other users on the platform. Once the transaction is complete, the funds are available for withdrawal or for further trading.
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• Kid CadderJun 22, 2023 · 2 years ago
  After you sell your coins on Coinbase, the money is converted into your chosen fiat currency, such as USD or EUR. Coinbase uses its own exchange rate to calculate the conversion, which may differ slightly from the market rate. The converted funds are then deposited into your Coinbase account, where you can choose to withdraw them to your bank account or use them for other purposes.
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• OKORONov 14, 2022 · 3 years ago
  When you sell your coins on Coinbase, the money is transferred to your Coinbase account. Coinbase is a trusted and regulated cryptocurrency exchange, so you can be confident that your funds are safe. Once the transaction is complete, you can choose to keep the funds in your Coinbase account or transfer them to an external wallet or bank account. It's important to note that Coinbase charges fees for selling coins, so make sure to check the fee structure before making a transaction.
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• Shields KragelundJul 17, 2022 · 3 years ago
  When you sell your coins on Coinbase, the money is credited to your Coinbase account. Coinbase provides a seamless and secure platform for buying and selling cryptocurrencies. The funds from the sale can be used to buy other cryptocurrencies or withdrawn to your bank account. Coinbase offers a variety of withdrawal options, including bank transfers and PayPal, making it easy to access your funds.
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• Eric CarrollAug 03, 2022 · 3 years ago
  When you sell your coins on Coinbase, the money is added to your Coinbase balance. Coinbase is a reputable cryptocurrency exchange that ensures the safety and security of your funds. You can choose to keep the funds in your Coinbase account for future trading or withdraw them to your bank account. Coinbase also provides a detailed transaction history, allowing you to track your sales and monitor your portfolio.
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• ahmed abdualqaderDec 31, 2021 · 4 years ago
  After selling your coins on Coinbase, the money is instantly available in your Coinbase account. You can then choose to withdraw the funds to your bank account or use them to buy other cryptocurrencies. Coinbase offers a user-friendly interface and a seamless selling process, making it easy for anyone to sell their coins and access their funds.
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• Hruthik KKJan 03, 2024 · 2 years ago
  When you sell your coins on Coinbase, the money is transferred to your Coinbase wallet. From there, you can choose to withdraw the funds to your bank account or use them for further trading. Coinbase provides a secure and reliable platform for selling coins, ensuring that your funds are protected throughout the transaction process.
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