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What are the steps to cash out from Coinbase and convert funds into fiat currency?

avatarBonnie TingDec 28, 2021 · 3 years ago3 answers

I want to cash out my cryptocurrency holdings on Coinbase and convert them into fiat currency. What are the exact steps I need to follow to do this?

What are the steps to cash out from Coinbase and convert funds into fiat currency?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    To cash out from Coinbase and convert your funds into fiat currency, you need to follow these steps: 1. Log in to your Coinbase account and navigate to the 'Accounts' tab. 2. Select the cryptocurrency you want to cash out from the list of available options. 3. Click on the 'Sell' button. 4. Enter the amount of cryptocurrency you want to sell and choose the fiat currency you want to convert it into. 5. Review the transaction details and click on the 'Sell' button to confirm the sale. 6. Once the sale is complete, the funds will be credited to your Coinbase account. 7. To transfer the funds to your bank account, go to the 'Accounts' tab and select the fiat currency wallet. 8. Click on the 'Withdraw' button and follow the instructions to initiate the withdrawal. 9. Provide the necessary details, such as your bank account information, and confirm the withdrawal. 10. The funds will be transferred to your bank account within a few business days. Please note that Coinbase may charge fees for selling and withdrawing funds, so make sure to review the fee schedule before proceeding with the cash-out process.
  • avatarDec 28, 2021 · 3 years ago
    Cashing out from Coinbase and converting your funds into fiat currency is a straightforward process. Here's what you need to do: 1. Log in to your Coinbase account. 2. Go to the 'Accounts' tab and select the cryptocurrency you want to cash out. 3. Click on the 'Sell' button. 4. Enter the amount of cryptocurrency you want to sell and choose the fiat currency you want to convert it into. 5. Review the transaction details and click on the 'Sell' button to confirm. 6. The funds will be credited to your Coinbase account. 7. To transfer the funds to your bank account, go to the 'Accounts' tab and select the fiat currency wallet. 8. Click on the 'Withdraw' button and follow the instructions to initiate the withdrawal. 9. Provide your bank account details and confirm the withdrawal. 10. The funds will be transferred to your bank account within a few business days. It's important to note that Coinbase may have withdrawal limits and fees, so make sure to check their terms and conditions before cashing out.
  • avatarDec 28, 2021 · 3 years ago
    Cashing out from Coinbase and converting your funds into fiat currency is a common process for cryptocurrency investors. Here's how you can do it: 1. Log in to your Coinbase account. 2. Navigate to the 'Accounts' tab and select the cryptocurrency you want to cash out. 3. Click on the 'Sell' button. 4. Enter the amount of cryptocurrency you want to sell and choose the fiat currency you want to convert it into. 5. Review the transaction details and click on the 'Sell' button to confirm the sale. 6. The funds will be credited to your Coinbase account. 7. To transfer the funds to your bank account, go to the 'Accounts' tab and select the fiat currency wallet. 8. Click on the 'Withdraw' button and follow the instructions to initiate the withdrawal. 9. Provide your bank account information and confirm the withdrawal. 10. The funds will be transferred to your bank account within a few business days. Remember to consider any fees and withdrawal limits that Coinbase may have in place before cashing out.