Where does the money go when I sell my coins on Coinbase?

7 answers

• Carlos NASSAKOUDec 20, 2021 · 4 years ago
  When you sell your coins on Coinbase, the money from the sale is typically transferred to your Coinbase USD wallet. This is a digital wallet within your Coinbase account where you can hold and manage your USD balance. From there, you have the option to withdraw the funds to your linked bank account or use them to buy other cryptocurrencies. It's important to note that the exact process may vary depending on your location and the specific cryptocurrency you're selling.
  472

  236
• Richmond WibergOct 05, 2021 · 4 years ago
  After you sell your coins on Coinbase, the money will be credited to your Coinbase account. You can then choose to keep the funds in your Coinbase wallet or transfer them to an external wallet. If you decide to keep the funds in your Coinbase wallet, you can use them to buy other cryptocurrencies or withdraw them to your bank account. Coinbase provides a user-friendly interface that makes it easy to manage your funds and make transactions.
  443

  148
• Sonu SedhaiNov 01, 2023 · 2 years ago
  When you sell your coins on Coinbase, the money goes to your Coinbase account. From there, you can choose to withdraw the funds to your bank account or keep them in your Coinbase wallet. If you decide to withdraw the funds, Coinbase will initiate a transfer to your linked bank account. The time it takes for the funds to reach your bank account may vary depending on your bank's processing times. It's worth mentioning that there may be fees associated with withdrawing funds from Coinbase, so it's important to review the fee schedule before making any transactions.
  568

  142
• Minn KhantJun 16, 2023 · 2 years ago
  When you sell your coins on Coinbase, the money is transferred to your Coinbase account. You can then choose to keep the funds in your Coinbase wallet or send them to an external wallet. If you decide to keep the funds in your Coinbase wallet, you can use them to buy other cryptocurrencies or withdraw them to your bank account. It's important to note that Coinbase is a reputable and secure platform, but it's always a good idea to do your own research and take necessary precautions when dealing with digital assets.
  519

  104
• Nilesh UttekarDec 22, 2022 · 3 years ago
  When you sell your coins on Coinbase, the money is sent to your Coinbase account. From there, you have the option to withdraw the funds to your bank account or use them to buy other cryptocurrencies. Coinbase is known for its user-friendly interface and reliable service, making it a popular choice for buying and selling cryptocurrencies. However, it's important to keep in mind that there may be fees associated with selling coins on Coinbase, so it's a good idea to review the fee schedule before making any transactions.
  524

  88
• Sainty kumarMay 29, 2024 · a year ago
  When you sell your coins on Coinbase, the money will be credited to your Coinbase account. You can then choose to keep the funds in your Coinbase wallet or transfer them to an external wallet. If you decide to transfer the funds, you will need to provide the wallet address of the external wallet. Coinbase will then initiate the transfer, and the funds will be sent to the specified wallet address. It's important to double-check the wallet address before initiating the transfer to ensure that the funds are sent to the correct destination.
  542

  78
• Goodman HovgaardJul 19, 2023 · 2 years ago
  When you sell your coins on Coinbase, the money is transferred to your Coinbase account. From there, you can choose to withdraw the funds to your bank account or keep them in your Coinbase wallet. If you decide to withdraw the funds, Coinbase will initiate a transfer to your linked bank account. The funds will be converted to your local currency based on the current exchange rate. It's important to note that there may be fees associated with currency conversion and bank transfers, so it's a good idea to review the fee schedule before making any transactions.
  564

  71