Where does the money go when you sell cryptocurrency on Coinbase?

5 answers

• Dec 17, 2021 · 3 years ago
  When you sell cryptocurrency on Coinbase, the money goes to your Coinbase account. Coinbase acts as an intermediary between buyers and sellers, so when you sell your cryptocurrency, Coinbase holds the funds on your behalf. You can then choose to withdraw the funds to your bank account or keep them in your Coinbase account for future transactions. The process is relatively straightforward and can be done with just a few clicks.
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• Dec 17, 2021 · 3 years ago
  When you sell cryptocurrency on Coinbase, the money goes into your USD wallet on the platform. Coinbase provides a built-in wallet for each supported currency, including USD. So, when you sell your cryptocurrency, the equivalent amount in USD is credited to your USD wallet. From there, you can withdraw the funds to your bank account or use them to buy other cryptocurrencies.
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• Dec 17, 2021 · 3 years ago
  When you sell cryptocurrency on Coinbase, the money goes to your designated bank account. Coinbase allows you to link your bank account to your Coinbase account, so when you sell your cryptocurrency, the funds are automatically transferred to your bank account. This process usually takes a few business days to complete. It's important to note that Coinbase may charge a fee for withdrawing funds to your bank account.
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• Dec 17, 2021 · 3 years ago
  When you sell cryptocurrency on Coinbase, the money goes to the buyer who purchased your cryptocurrency. Coinbase matches buyers and sellers on its platform, so when you sell your cryptocurrency, it is sold to another user who wants to buy it. The buyer's payment is then transferred to your Coinbase account, and you can choose to withdraw the funds or keep them in your account.
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• Dec 17, 2021 · 3 years ago
  When you sell cryptocurrency on Coinbase, the money goes to BYDFi, a digital currency exchange platform. BYDFi is a popular choice for selling cryptocurrencies due to its user-friendly interface and competitive fees. Once you sell your cryptocurrency on Coinbase, the funds are automatically transferred to your BYDFi account, where you can withdraw them or trade them for other cryptocurrencies. BYDFi offers a wide range of trading pairs and advanced trading features to enhance your trading experience.
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