How To Withdraw Bitcoin From Coinbase

Coinbase Services Coinbase brokerage service. The main service Coinbase offers is a brokerage service for buying and selling cryptocurrencies.New cryptocurrency users often find themselves buying their first Bitcoin through Coinbase thanks to the company’s reputation, marketing and relatively friendly user interface.

1. How To Withdraw Bitcoin From Coinbase To Bank
2. How To Withdraw Bitcoin From Coinbase Wallet To Mpesa
3. How To Withdraw Bitcoin From Coinbase App

It’s that time – you want to cash out on Bitcoin. For whatever reason you need to do this, I’m going to show you how to sell Bitcoin on Coinbase with a complete step-by-step guide.

Send Bitcoin from Coinbase. Okay, so you’ve purchased some Bitcoin and you now have it sitting in. Feb 27, 2021 Institutions Withdraw Massive Amount of Bitcoin from Coinbase, Moving It to Cold Storage U.Today 2 hours ago Published on February 27, 2021 09:04 GMT+0 edited on February 27, 2021 10:01 GMT+0. There is another option available, namely, Bitcoin ATMs. They can be a convenient way to exchange bitcoin to dollar or convert Altcoins to dollars. However, fees tend to be high and, of course, you need Bitcoin to withdraw cash from a Bitcoin ATM. Otherwise, you have many options to exchange cryptocurrency Bitcoin to dollar or any other local.

You can use the following method on both the Coinbase mobile app and the Coinbase website.

Step 1: Register on Coinbase

If you already have a Coinbase account, skip this step. For those that haven’t signed up for a Coinbase account yet, you’ll need to do this. It takes a few moments and is free.

Visit Coinbase.com and register for your account following the steps provided; you’ll need an email address and some ID verification.

Step 2: Send Bitcoin to Coinbase

If you’re Bitcoin is already on Coinbase, skip this step too. Before you can sell Bitcoin on Coinbase, you’ll need to have it on your account there. To send Bitcoin to Coinbase, log in to your account, go to your Bitcoin wallet and click ‘Recieve‘. You’ll then be shown your unique deposit address. Copy this, paste it into the wallet you are sending Bitcoin from and then make the transaction to Coinbase.

Tip: When sending any Bitcoin, make sure that you double-check the first and last 4 characters of the address you are sending to – if you get it wrong then you may lose your funds forever.

Step 3: Sell your Bitcoin

Now all that’s left to do is actually sell your Bitcoin. There are two options you have to sell your Bitcoin on Coinbase. The first method is slightly more difficult but saves you money on fees, and the second one is much easier but costs you more in trading fees – so decide which is best for you.

Method 1 (Advanced): Sign into Coinbase Pro (their advanced platform), and sell Bitcoin for GBP, USD, EUR and withdraw to bank or PayPal.

Method 2 (Beginner): Go to your Bitcoin wallet on Coinbase, click on ‘Overview’ and select the ‘Sell’ tab. Now enter how much you want to sell and confirm the transaction. Coinbase will process the sale for you and deposit the cash into your account instantly. You can then proceed to withdraw your money from Coinbase.

Conclusion

I hope you found this guide helpful in your quest to sell Bitcoin on Coinbase. If you have any questions about this, feel free to leave them below and I’ll do my best to help you with them.

Coinbase is a popular cryptocurrency exchange. Coinbase is based in the U.S but supports Australian customers.

How To Withdraw Bitcoin From Coinbase To Bank

In Australia you can buy Bitcoin and other cryptos from Coinbase but unfortunately you can't sell. There are better Coinbase alternatives, but for those using Coinbase, here is how you can withdraw from Coinbase in Australia.

How to Withdraw from Coinbase

In order to cashout your crypto from Coinbase you need to transfer it to a local crypto exchange. I use CoinSpot, simply because the fee is smaller compared to other exchanges.

1 – Create a CoinSpot Account

You can signup to CoinSpot here. You will need to complete ID verification (similar to what you did on Coinbase) in order to withdraw your AUD to your bank account.

2 – Transfer your Coins

Visit the Wallet page and select the wallet of the coin you are looking to transfer. Then click on the Receive button. This will generate a unique wallet address that you can send your coins too. Depending on the coin you are sending, it will take anywhere from 5 minutes to 2+ hours to transfer. The coins are added automatically to your wallet, you just need to wait for the transaction to happen.

Top Tip – While you can't sell crypto on Coinbase in Australia, it is possible to convert it into another crypto. I would recommend converting it into a crypto which you can send with low fees (such as litecoin). This will make it faster to send over to CoinSpot.

3 – Sell your Crypto

The best way to sell your crypto is on the “Markets” page. This lets you create an order to sell and is cheaper than instant selling. Enter the price you want to sell your crypto for and the amount you want to sell. You might have to wait a little while for your order to fill. You can sell instantly on CoinSpot as well.

How To Withdraw Bitcoin From Coinbase Wallet To Mpesa

4 – Transfer your AUD

How To Withdraw Bitcoin From Coinbase App

Once you've sold your crypto on CoinSpot, you can withdraw the AUD to your bank account. This process usually takes around 24 hours. I've found that if you make a withdrawal in the morning on CoinSpot, you will receive it in your bank account by the next morning (business days only).

So as you can see Withdrawing from Coinbase takes a few steps. Hopefully they will add sells for Australian customers sometime soon. If you're thinking of buying Crypto in Australia, I would just recommend using Coinspot or another local exchange to begin with and then you won't need to worry about transferring between exchanges. You'll also save a lot of money on fees and you'll be able to deposit using POLi and PayID.