Bitcoin sending to your Coinbase.com account: Step-step guide
I understand your concern. You recently invested in Ethereum (ETH) via Coinbase.com, but fight to withdraw your funds in US dollars (USD). Don’t worry, I’m here to go through the procedure.
Why can’t I pull my bitcoins?
Before we dive into the solution, we quickly cover why you can face this problem. MT.Gox, a popular Bitcoin exchange, was hacked in 2014, resulting in theft of cryptocurrency currency worth millions of dollars. Although Coinbase is not included in any major Hacaric incident, it is possible that your account is marked for suspicious activity.
Converting bitcoin to USD using Coinbase
Coinbase offers two ways to convert Bitcoin (BTC) into US dollars:
- Withdrawal
: You can pull part of your BTC Salda to your bank account or other eligible services like PayPal.
- Credit/Debit Card : You can also use Coinbase Credit Card to buy Ethereum and then withdraw funds into your accounts that fill in USD.
Instructions for Step by Step:
- Sign into your Coinbase.com : Go to [Coinbase.com] ( and sign up with your credentials.
- Go to the “Salanca” tab : click on “Account” and then select “Salade”.
- Click “Running” : on the “Slanca” tab, click on “Pull” at the top of the page.
- Select the amount you want to pull : Select the amount you want to convert from BTC to USD.
- Select withdrawal mode : Select either a bank account or credit/debit card as a retirement method.
- Complete all necessary information : Enter your bank account number, directing number (if applicable) and other details as needed.
- Confirm your transaction : Review your withdrawal details and confirm.
Using Coinbase -Ove Credit/Debit Card
- Buy Ethereum on Coinbase : Buy Ethereum using bitcoin or other cryptocurrency currency.
- Wait for the transaction to settle : Allow a transaction to process and confirm on Blockchain.
- Turn Bitcoine into USD : Then you can withdraw the converted BTC balance from your accounts that are acceptable to USD.
IMPORTANT NOTES:
- Keep in mind COINBASE compensation, which can be applied when converting bitcoin to USD using credit/debit cards or bank accounts.
- Be careful when using third parties like PayPal to convert cryptocurrencies; They can charge for additional fees and have different requirements.
- Always review Coinbase Terms and Conditions before proceeding with any transactions.
Conclusion
Bitcoin sending to your Coinbase.com account is a relatively simple process. Following these steps, you should be able to withdraw your funds in US dollars. Remember to keep an eye on the activity of your account and follow Coinbase guidelines for conversion requirements to ensure a smooth transaction experience.
I hope this helps! If you have any further questions or concerns, feel free to ask.