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How can I short ETH on Coinbase?

avatarqaeess nasherDec 29, 2021 · 3 years ago3 answers

I want to short ETH on Coinbase, but I'm not sure how to do it. Can someone please explain the process to me step by step?

How can I short ETH on Coinbase?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    Sure, here's a step-by-step guide on how to short ETH on Coinbase: 1. Log in to your Coinbase account. 2. Go to the 'Trade' tab and select 'ETH' from the list of available cryptocurrencies. 3. Click on the 'Sell' button. 4. Choose the amount of ETH you want to sell. 5. Select the 'Margin Trading' option. 6. Set your desired leverage and borrowing amount. 7. Review the order details and click on the 'Sell' button to confirm the short position. Please note that shorting ETH involves borrowing ETH from Coinbase and selling it with the expectation that the price will decrease. Make sure to do your own research and consider the risks involved before engaging in margin trading.
  • avatarDec 29, 2021 · 3 years ago
    Shorting ETH on Coinbase is easy! Just follow these steps: 1. Log in to your Coinbase account. 2. Navigate to the 'Trade' section. 3. Select 'ETH' from the list of available cryptocurrencies. 4. Click on the 'Sell' button. 5. Choose the amount of ETH you want to sell. 6. Enable margin trading by selecting the appropriate option. 7. Review the order details and confirm the short position. Remember to always be cautious when engaging in margin trading and consider the potential risks involved.
  • avatarDec 29, 2021 · 3 years ago
    To short ETH on Coinbase, you'll need to follow these steps: 1. Log in to your Coinbase account. 2. Navigate to the 'Trade' section. 3. Select 'ETH' from the list of available cryptocurrencies. 4. Click on the 'Sell' button. 5. Choose the amount of ETH you want to sell. 6. Enable margin trading by selecting the appropriate option. 7. Review the order details and confirm the short position. Please note that BYDFi also offers margin trading services with a wide range of cryptocurrencies. If you're interested in exploring more options, you can check out their platform as well.