Coinbase is one of the most popular and widely used cryptocurrency exchanges in the world. If you have bought crypto on Coinbase and are now looking to sell it, there are a few steps you need to follow.
Here are the step-by-step extended guide on how to sell crypto on Coinbase wallet.
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Step 1: Login to Your Coinbase Account
The first step in selling your crypto on Coinbase is to log in to your Coinbase account. Once you have logged in, you will be taken to the dashboard, where you can see your account balance, recent transactions, and other relevant information.
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Step 2: Choose the Cryptocurrency You Want to Sell
Once you are on the dashboard, you need to choose the cryptocurrency you want to sell. Coinbase supports a variety of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and others. Click on the cryptocurrency you want to sell, and you will be taken to the wallet page for that particular cryptocurrency.
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Step 3: Click on the “Sell” Button
On the wallet page for the cryptocurrency you want to sell, you will see a “Sell” button. Click on this button to begin the selling process.
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Step 4: Enter the Amount You Want to Sell
Once you have clicked on the “Sell” button, you will be asked to enter the amount of cryptocurrency you want to sell. Enter the amount you want to sell, and Coinbase will automatically calculate the amount of fiat currency you will receive in exchange.
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Step 5: Choose the Payment Method
After you have entered the amount you want to sell, you will need to choose the payment method you want to use to receive the funds. Coinbase supports a variety of payment methods, including bank transfers, PayPal, and credit/debit cards. Choose the payment method that works best for you.
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Step 6: Review and Confirm the Transaction
Before finalizing the transaction, Coinbase will show you a summary of the transaction, including the amount of cryptocurrency you are selling, the amount of fiat currency you will receive, and the payment method you have chosen. Review the information carefully and make sure everything is correct. If everything looks good, click on the “Sell Now” button to confirm the transaction.
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Step 7: Receive the Funds
Once you have confirmed the transaction, Coinbase will initiate the transfer of funds to your chosen payment method. The time it takes for the funds to arrive will depend on the payment method you have chosen.
Conclusion
Selling your crypto on Coinbase is a simple and straightforward process. By following the steps outlined in this article, you can easily sell your cryptocurrency and receive the funds in your chosen payment method. As with any financial transaction, it’s important to review the information carefully before confirming the transaction.
