Topic: How to 'Cash In' on Coinbase? (Read 214 times)
You can sell on GDAX, the exchange connected to Coinbase, and then either set up a bank account with Coinbase or just hold a fiat balance on there for a little bit while things die down.
Thanks.
I'm unfamiliar with localbitcoins - I'll check it out.
I'm not desperate to cash out, I Just want to retain the GDP I currently have invested, and avoid the fluctuations associated with BTC. Would selling to my GDP Wallet on Coinbase achieve this while I get my bank account set up?
I'm unfamiliar with localbitcoins - I'll check it out.
I'm not desperate to cash out, I Just want to retain the GDP I currently have invested, and avoid the fluctuations associated with BTC. Would selling to my GDP Wallet on Coinbase achieve this while I get my bank account set up?
Yes, once sold the value of a fiat currency will remain unchanged. If you want to avoid the Coinbase conversion fees, move your BTC to GDAX and create a "limit" sell order there.
Thanks.
I'm unfamiliar with localbitcoins - I'll check it out.
I'm not desperate to cash out, I Just want to retain the GDP I currently have invested, and avoid the fluctuations associated with BTC. Would selling to my GDP Wallet on Coinbase achieve this while I get my bank account set up?
I'm unfamiliar with localbitcoins - I'll check it out.
I'm not desperate to cash out, I Just want to retain the GDP I currently have invested, and avoid the fluctuations associated with BTC. Would selling to my GDP Wallet on Coinbase achieve this while I get my bank account set up?
Not sure if understand so will try this.
You sell your BTC at current price and fiat funds will stay in your coinbase account but you'll not be able to move them to your bank untill you link it. So yea, sell them and start with linking the account later. (or just keep the fiat there and buy the BTC back once the price falls)
Just friendly warning about localbitcoins ... pay attention you are dealing with user who has lot of trust from lot of various users ... lot of scammers everywhere.
Thanks.
I'm unfamiliar with localbitcoins - I'll check it out.
I'm not desperate to cash out, I Just want to retain the GDP I currently have invested, and avoid the fluctuations associated with BTC. Would selling to my GDP Wallet on Coinbase achieve this while I get my bank account set up?
I'm unfamiliar with localbitcoins - I'll check it out.
I'm not desperate to cash out, I Just want to retain the GDP I currently have invested, and avoid the fluctuations associated with BTC. Would selling to my GDP Wallet on Coinbase achieve this while I get my bank account set up?
You can sell those BTC but to be able to cash out you need to link your bank account indeed. There is no other way.
If you sell BTC for GBP you still need to link your bank acount ( in addtition you will be charged additional fees for converting to fiat in which your account operates)
You can try to find some buyer at localbitcoins (if he is using same bank account it can be very quick) .. or you can meet personaly and trade for cash.
If you sell BTC for GBP you still need to link your bank acount ( in addtition you will be charged additional fees for converting to fiat in which your account operates)
You can try to find some buyer at localbitcoins (if he is using same bank account it can be very quick) .. or you can meet personaly and trade for cash.
I'm pretty sure that you have to either have to be involved in an Exchange or use a more local service such as localbitcoins.org to be able to cash in. I'll let more advanced users pipe in, but that's how I see it. Since your already established with coinbase, it might be worth the wait at this point.
I'm trying to sell my Bitcoin right now - but my bank account isn't linked to my Coinbase account (only my Bank Card).
It could take a while to get my bank account linked.
Is there another way I can 'cash in'. For example, what happens if I sell my Bitcoin to my GBP Wallet?
It could take a while to get my bank account linked.
Is there another way I can 'cash in'. For example, what happens if I sell my Bitcoin to my GBP Wallet?
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