Coinbase is one of the most popular cryptocurrency exchanges in the world, allowing users to buy and sell Bitcoin, Ethereum, and other digital assets. If you have Bitcoin in your Coinbase wallet and want to sell it, the process is relatively straightforward. In this article, we’ll explain how to sell Bitcoin on Coinbase step-by-step.
Step 1: Log in to Your Coinbase Account
The first step to selling Bitcoin on Coinbase is to log in to your account. If you don’t have an account yet, you’ll need to create one first. Once you’re logged in, navigate to the “Accounts” tab and select the wallet that contains the Bitcoin you want to sell.
Step 2: Choose the Sell Option
After selecting the Bitcoin wallet, you should see the current balance and the option to buy or sell. Click on the “Sell” button to proceed.
Step 3: Enter the Amount of Bitcoin You Want to Sell
Next, you’ll need to enter the amount of Bitcoin you want to sell. You can either enter the amount in Bitcoin or your local currency. Coinbase will automatically calculate the exchange rate and show you the estimated amount you’ll receive in your local currency.
Step 4: Choose Your Payment Method
After entering the amount, you’ll need to choose your payment method. Coinbase supports several payment options, including bank transfer, credit/debit card, and PayPal. Choose the one that works best for you.
Step 5: Review the Transaction Details
Before finalizing the transaction, you should review the details to make sure everything is correct. Check the amount, payment method, and estimated payout. If everything looks good, click on the “Sell” button to confirm the transaction.
Step 6: Receive Your Payment
Once you’ve confirmed the transaction, Coinbase will process it and send the funds to your selected payment method. The time it takes to receive your payment depends on the payment method you chose. Bank transfer typically takes 2-5 business days, while credit/debit card and PayPal are instant.
Conclusion
Selling Bitcoin on Coinbase is a simple process that can be completed in just a few steps. Log in to your Coinbase account, choose the “Sell” option, enter the amount of Bitcoin you want to sell, select your payment method, review the transaction details, and confirm the transaction. With Coinbase’s user-friendly interface and reliable payment options, selling Bitcoin has never been easier.