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Is it possible to transfer Bitcoin from Coinbase to a bank account and get the cash?

avatarAffan KhanDec 18, 2021 · 3 years ago3 answers

I am wondering if it's feasible to transfer Bitcoin from Coinbase to a bank account and then withdraw the cash. Can Coinbase be used as a bridge between Bitcoin and traditional banking systems? How does the process work and what are the steps involved?

Is it possible to transfer Bitcoin from Coinbase to a bank account and get the cash?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    Yes, it is possible to transfer Bitcoin from Coinbase to a bank account and convert it into cash. Coinbase offers a feature called Coinbase Sell, which allows users to sell their Bitcoin and withdraw the funds directly to their linked bank account. The process involves creating a sell order on Coinbase, specifying the amount of Bitcoin to sell, and choosing the bank account to receive the funds. Once the sell order is executed, the funds will be transferred to the bank account, and you can withdraw the cash from there. It's a convenient way to convert your Bitcoin into traditional currency.
  • avatarDec 18, 2021 · 3 years ago
    Absolutely! Coinbase provides a seamless way to transfer Bitcoin to a bank account and get the cash. With Coinbase Sell, you can easily sell your Bitcoin and have the funds deposited directly into your bank account. It's a straightforward process that involves selecting the amount of Bitcoin you want to sell, choosing your bank account as the destination, and confirming the transaction. Once the sell order is complete, you can withdraw the cash from your bank account. It's a reliable and secure method to convert your Bitcoin into cash.
  • avatarDec 18, 2021 · 3 years ago
    Yes, transferring Bitcoin from Coinbase to a bank account and getting the cash is indeed possible. Coinbase offers a user-friendly interface that allows you to sell your Bitcoin and withdraw the funds to your bank account. Simply navigate to the 'Sell' section on Coinbase, specify the amount of Bitcoin you want to sell, select your bank account as the payout method, and confirm the transaction. Once the sell order is processed, the funds will be transferred to your bank account, and you can withdraw the cash as needed. It's a convenient way to access the value of your Bitcoin in traditional currency.