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When selling on Coinbase, where does the money from the transaction end up?

avatartridingDec 17, 2021 · 3 years ago3 answers

When I sell my cryptocurrency on Coinbase, what happens to the money from the transaction? Where does it go?

When selling on Coinbase, where does the money from the transaction end up?
Coinbase
Cryptocurrency
Transaction

3 answers

  • avatarDec 17, 2021 · 3 years ago
    When you sell your cryptocurrency on Coinbase, the money from the transaction is typically deposited into your Coinbase account. From there, you have the option to withdraw the funds to your linked bank account or use them to buy other cryptocurrencies. Coinbase provides a user-friendly interface that allows you to easily manage your funds and make transactions.
  • avatarDec 17, 2021 · 3 years ago
    After selling your cryptocurrency on Coinbase, the money will be credited to your Coinbase wallet. You can then choose to transfer the funds to your bank account or keep them in your Coinbase wallet for future use. Coinbase offers a secure and convenient platform for buying and selling cryptocurrencies.
  • avatarDec 17, 2021 · 3 years ago
    When you sell your cryptocurrency on Coinbase, the money from the transaction is transferred to your BYDFi account. From there, you can choose to withdraw the funds to your bank account or reinvest them in other cryptocurrencies. BYDFi provides a seamless trading experience and offers a wide range of digital assets for you to choose from.

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