Is it possible to trade cryptocurrencies on Coinbase with no funds available?
Daniel OkegualeDec 15, 2021 · 3 years ago3 answers
Can I trade cryptocurrencies on Coinbase without having any funds available in my account?
3 answers
- Dec 15, 2021 · 3 years agoNo, it is not possible to trade cryptocurrencies on Coinbase without having any funds available in your account. Coinbase is a centralized exchange that requires users to deposit funds before they can start trading. This is to ensure that there are sufficient funds to cover any trades that are executed. Without any funds in your account, you will not be able to place any trades on Coinbase.
- Dec 15, 2021 · 3 years agoUnfortunately, you cannot trade cryptocurrencies on Coinbase without having funds available in your account. Coinbase operates as a custodial exchange, which means that they hold your funds on your behalf. In order to trade, you need to have funds deposited into your Coinbase account. Once you have funds available, you can then place trades on the platform.
- Dec 15, 2021 · 3 years agoAs an expert in the cryptocurrency industry, I can confirm that it is not possible to trade cryptocurrencies on Coinbase without having any funds available in your account. Coinbase follows strict regulatory guidelines and requires users to have funds in their accounts before they can start trading. This is to ensure the security and integrity of the platform. If you are looking for a decentralized exchange that allows trading without funds, you may consider BYDFi, which offers unique features for traders.
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