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Sending Bitcoins to your coinbase.com account: a step by step guide
I understand your concern. You have recently invested in Ethereum (ETH) through coinbase.com, but you are struggling to remove your funds in US dollars (USD). Don't worry, I'm here to guide it in the process.
Why can't I remove my bitcoins?
Before we dive into the solution, we will quickly cover why you may be facing this problem. MT.Gox, a popular Bitcoin Exchange, was invaded in 2014, resulting in the mill mill theft in cryptocurrency. Although coinbase is not involved in any major hacker incident, your account may be signaled for suspicious activities.
Converting Bitcoins to USD using coinbase
Coinbase offers two ways to convert Bitcoins (BTC) into US dollars:
1.
2.
Instructions Step by Step:
- Make login on your coinbase.com
: go to [coinbase.com] ( and log in with your credentials.
- Go to the "Balance" tab : Click "Account" and select "Balance".
- Click on "Removal" : on the "Balance" tab, click "withdrawals" at the top of the page.
- Select the value you want to remove : Choose the value you want to convert from BTC to USD.
- Choose your withdrawal method : Select the bank account or credit/debit card as the withdrawal method.
- Fill in all the necessary information : Enter your bank account number, routing number (if applicable) and other details as needed.
- Confirm your transaction : Review your withdrawal details and confirm.
Using the coinbase credit card/debit
- Buy Ethereum in coinbase : Buy Ethereum using bitcoin or other cryptocurrency.
- Wait for the transaction to solve : Allow the transaction to process and confirm in blockchain.
- Convert Bitcoins to USD : You can remove the BTC balance converted from your USD eligible accounts.
IMPORTANT NOTES:
- Be aware of coinbase rates, which can be applied to converting Bitcoins to USD using credit/debit cards or bank accounts.
- Be cautious when using third party services such as PayPal for cryptocurrency conversions; They can charge extra fees and have different requirements.
- Always review the terms and conditions of coinbase before proceeding with any transactions.
Conclusion
Sending bitcoins to your coinbase.com account is a relatively direct process. By following these steps, you can remove your funds in US dollars. Remember to keep an eye on your account activity and follow coinbase guidelines for conversion requests to ensure a soft transaction experience.
I hope this will help! If you have more questions or worries, feel free to ask.
