Where does the money go when you sell your coins on Coinbase?

5 answers

• KernelPanicAug 07, 2022 · 3 years ago
  When you sell your coins on Coinbase, the money goes directly into your Coinbase account. Coinbase acts as an intermediary between buyers and sellers, facilitating the transaction. Once the sale is complete, the funds are immediately available for withdrawal or can be used to purchase other cryptocurrencies on the platform. Coinbase provides a seamless experience, ensuring that you receive the funds in a timely manner.
  422

  211
• Areif MunandarFeb 10, 2022 · 3 years ago
  After selling your coins on Coinbase, the money is deposited into your Coinbase account. You have full control over the funds and can choose to withdraw them to your bank account or keep them in your Coinbase wallet. Coinbase offers various withdrawal options, including bank transfers and PayPal. It's important to note that Coinbase may charge fees for certain transactions, so it's advisable to review their fee structure before selling your coins.
  451

  151
• Hiếu ĐứcOct 22, 2021 · 4 years ago
  When you sell your coins on Coinbase, the money is transferred to your Coinbase account. From there, you can decide where to send the funds. Coinbase provides multiple options for withdrawal, including bank transfers and cryptocurrency wallets. It's worth mentioning that if you choose to withdraw the funds to an external wallet, you should ensure that you have the correct wallet address to avoid any potential loss of funds. Additionally, Coinbase may have withdrawal limits depending on your account verification level.
  523

  131
• dwgfhgJul 21, 2020 · 5 years ago
  When you sell your coins on Coinbase, the money is credited to your Coinbase account. You can then choose to withdraw the funds to your bank account or keep them within the Coinbase ecosystem. Coinbase offers a user-friendly interface that allows you to easily manage your funds. It's important to note that Coinbase is a centralized exchange, meaning that you are relying on their platform to hold and secure your funds. If you prefer a more decentralized approach, you may consider using a self-hosted wallet or a decentralized exchange like BYDFi.
  550

  110
• NyakutkaMar 30, 2023 · 2 years ago
  After selling your coins on Coinbase, the money is added to your Coinbase account balance. You can then decide whether to withdraw the funds to your bank account or use them for further trading. Coinbase provides a seamless and secure platform for buying and selling cryptocurrencies. It's important to keep in mind that Coinbase is just one of many cryptocurrency exchanges available, and it's always a good idea to explore different options and compare fees and features before making a decision.
  498

  83