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How to sell Bitcoin on Coinbase?

4 min reading

How to sell Bitcoin on Coinbase, the largest cryptocurrency exchange platform in the world. Find out all about cryptocurrency exchange in this app


Cryptocurrency exchange in the market

The cryptocurrency market offers us a number of opportunities to sell and buy cryptocurrencies, in particular Bitcoin, which is the most popular digital currency around the world. Its sale and purchase is basically based on everything, and it is the entities willing to make a transaction that decide whether the sale will actually take place through them. It should be noted that the market provides many options for converting cryptocurrencies into traditional money and vice versa. This is also the case with Coinbase.- it is possible to sell Bitcoin.

What is Coinbase?

Coibase is nothing more than a platform that processes the purchase and sale of virtual currencies. Brian Armstrong and Fred Ehrsam are responsible for its creation, who in 2012 in San Francisco provided users with a platform for making transactions.

What does Coinbase offer? First of all, thanks to it, it is possible to exchange almost all cryptocurrencies, in particular Bitcoin, which, as the analysis shows, has 20 million users, and the turnover of the company can boast about 152 billion US dollars, and currently has 30 million users around the world , which is why it is called one of the largest cryptocurrencies in the world.

How to sell Bitcoin on Coinbase?

The key question is when it comes to selling Bitcoins. Therefore, by answering this question below, in a few steps, the individual steps that will bring the answer to this question will be explained.

After entering the website, in order to sell Bitcoin, an account must be created, where the user is assured of adequate privacy and security. The next step will be to verify our identity, where we will be asked for a document confirming our data along with a photo, which will be a confirmation of our person, to avoid any fraud. Once our person profile is accepted and the verification is successful, we can proceed to buy and then sell Bitcoin. It is worth mentioning that the purchase can be made even with a debit card and thanks to the usual bank transfer. Due to the fact that the purchase of Bitcoin will take place at such a fast pace, we can sell it faster.

Selling Bitcoins on the Coinbase platform is extremely simple, plus many payment and money transfer options. In addition, the withdrawal of funds may take place not only to the bank account specified by the user, but also to the PayPal account, which is extremely important from the point of view of quick payment transfers. Thanks to such facilities, our money, after selling Bitcoin, will be quickly transferred to our designated account.

It's also worth mentioning that the Coinbase website offers a series of guides and step-by-step instructions on how to do the right thing. Moreover, at each stage of the implementation of the above, each person will be properly guided through the entire process.

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