Coinbase being the most popular platform for cryptocurrency trading allows users to buy or sell their preferred crypto. Were you also searching for such a platform? Well, Coinbase is the platform used by various investors and crypto traders. Want to know how to sell crypto on Coinbase? Fret not! Here is a post to help you know how to sell crypto on Coinbase.
Coinbase, being the first major cryptocurrency business to go public in the US, is a widely trusted platform. It not only allows you to buy, sell, or trade cryptocurrency, but also allows you to cash out your funds. But for this, you need to link a payment method to your account. You can trade in various popular cryptocurrencies like Ethereum, Litecoin, Bitcoin, and many more.
It is not at all a complicated process to sell your cryptocurrency using the Coinbase platform. You can easily learn how to sell crypto on Coinbase by just following some easy and quick steps. Arrows >> Sell >> Asset >> Amount >> Review >> Sell. That’s it! Just follow these easy steps and you can sell your crypto easily. Confused? This post will help you know these steps in detail.
Here is a post covering everything you were looking for! This post will not discuss how to sell crypto on Coinbase, but will also give details related to the Coinbase platform, and its pros and cons. So, without any further ado, let us learn how to sell crypto on Coinbase. Before that let’s shed some light on what Coinbase is!
What Is Coinbase?
Coinbase is a popular application allowing you to buy and sell all sorts of crypto such as Bitcoin, Litecoin, Ethereum, and around 50 more. It was founded in 2012. The application can also be used to convert one crypto to another. You can also use it for sending or receiving from and to others. It is suitable for both advanced and beginners. It also uses industry-leading security practices to keep users’ assets and deposits safe. Though the platform is used by various users around the world, it does have certain limitations. So. let us see the pros and cons of this platform.
What Are The Pros And Cons Of Coinbase?
Let us discuss the advantages and disadvantages of the Coinbase platform before learning how to sell crypto on Coinbase. Let’s quickly have a look at these pros and cons.
Pros Of Coinbase
- An easy-to-use platform for beginners.
- Opportunities for earning cryptocurrencies.
- A wide range of cryptocurrencies is available.
- A low minimum to fund your account.
- Crypto is insured in the event the website is hacked.
Cons Of Coinbase
- High fee than other crypto exchanges.
- It has customer service issues.
- No access to trade many altcoins.
As we have got clarity about the Coinbase platform and its pros and cons, let us move further and learn how to sell crypto on Coinbase.
How To Sell Crypto On Coinbase?
Still puzzled and want to know how to sell crypto on Coinbase? Let us discuss the steps you need to follow to learn how to sell crypto on Coinbase. So, let’s quickly have a look at these steps one by one.
- Go to the official Coinbase page.
- Log in to your Coinbase account.
- Tap the icon on the Coinbase page having two opposite arrows.
- Choose the Sell option.
- Select the asset you’d like to sell.
- Choose or enter the amount you wish to sell.
- You may need to pay some fee, so keep that in mind.
- Review the details you’ve entered.
- Confirm if all details are correct.
- Tap on Sell Now.
Many exchanges allow you to sell crypto. However, Coinbase is one of the popular platforms that allows users to safely and easily sell cryptocurrencies on its platform. In this post, we have mentioned all the important things and steps on how to sell crypto on Coinbase. You must’ve got all your answers regarding how to sell crypto on Coinbase. If you’re still confused and have any doubts related to how to sell crypto on Coinbase, feel free to write them in the comment section below. We’ll help you find answers to those questions soon!
Frequently Asked Questions
Q1. Can I Cash Out Funds From Coinbase?
A. Yes, it is possible to cash out funds from your Coinbase account. For this, you need to sell your cryptocurrency for cash.
Q2. Why Can’t I Sell Crypto On Coinbase?
A. Due to violations of the User Agreement of Coinbase, it is possible that your account may not be having access to buy or sell services.
Q3. How Long Does It Take To Buy Or Sell Crypto On Coinbase?
A. It usually doesn’t take any time and your transactions occur instantly. However, cashing out to your bank account through SEPA transfer may take 1-2 business days.
Q4. Can I Buy And Sell Crypto On The Same Day?
A. Yes, you can choose day trading also known as intraday trading which allows you to buy and sell crypto on the same day.