Selling your cryptocurrency on Coinbase is a straightforward process that can be done in just a few steps. However, if you are new to the platform or cryptocurrency trading in general, you may find it helpful to follow these extended instructions to ensure that you sell your cryptocurrency safely and efficiently.
Here are the step-by-step instructions to sell crypto on Coinbase
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Step 1: Log in to your Coinbase account
To sell cryptocurrency on Coinbase, you need to have an account on the platform. If you don’t have an account, you can create one by visiting the Coinbase website and signing up for a new account.
Once you have an account, log in to your Coinbase account using your email address and password.
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Step 2: Verify your identity (if required)
If you have not already completed the identity verification process on Coinbase, you will need to do so before you can sell cryptocurrency on the platform. This process typically involves providing Coinbase with a copy of your government-issued ID and a photo of yourself.
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Step 3: Navigate to the Sell page
Once you are logged in to your Coinbase account, click on the “Trade” button in the top left corner of the screen. From the dropdown menu, select “Sell” to navigate to the sell page.
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Step 4: Choose the cryptocurrency you want to sell
On the sell page, you will see a list of the cryptocurrencies supported by Coinbase. Choose the cryptocurrency that you want to sell from the list.
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Step 5: Enter the amount you want to sell
Once you have chosen the cryptocurrency you want to sell, enter the amount of cryptocurrency you want to sell in the “Amount” field. Coinbase will automatically show you the current market value of the cryptocurrency in your local currency.
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Step 6: Select your payment method
Next, choose the payment method you want to use to receive the funds from your sale. Coinbase offers several payment options, including bank transfer, PayPal, and other digital wallets.
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Step 7: Preview your transaction details
Before finalizing your transaction, review the details of your sale carefully. Make sure that you have selected the correct cryptocurrency, entered the correct amount, and chosen the correct payment method. You can also review the fees associated with the transaction on this page.
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Step 8: Confirm your transaction
Once you have reviewed the details of your transaction and are satisfied that everything is correct, click on the “Sell” button to confirm your transaction.
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Step 9: Wait for your funds to arrive
After you have confirmed your transaction, Coinbase will begin processing your sale. Depending on the payment method you have chosen, it may take a few minutes to several days for your funds to arrive in your account.
In conclusion, selling cryptocurrency on Coinbase is a relatively straightforward process that can be completed in just a few steps. By following these extended instructions, you can sell your cryptocurrency on Coinbase safely and efficiently. Remember to review the details of your transaction carefully before confirming it to ensure that you get the most out of your sale.
