If you have ever tried to sell anything for Bitcoin, you know that it can be a bit of a process. You have to find a buyer, agree on a price, and then figure out how to transfer the Bitcoin from your wallet to theirs.
If you are new to Bitcoin, this can all be a bit confusing. So, can you sell from Coinbase Wallet?.
The short answer is yes, but there are a few things that you need to know before you do. First of all, Coinbase is not an exchange. This means that you cannot just go to their website and sell your Bitcoin for cash.
Instead, Coinbase is a wallet. This means that you store your Bitcoin in their online service and then use their platform to find buyers and make trades.
This can be a bit confusing because most people think of Coinbase as an exchange. However, because Coinbase is not an exchange, they cannot offer the same features and services that exchanges do. For example, Coinbase does not have a built-in way for you to sell your Bitcoin. Instead, they have what is called a “Coinbase Commerce” platform.
This platform allows merchants to accept Bitcoin as payment for goods and services. However, it does not allow individuals to sell their Bitcoin directly to buyers.
So how do you actually sell your Bitcoin if Coinbase is not an exchange? The best way to do this is by using a service like LocalBitcoins or Paxful. These services connect buyers and sellers of Bitcoin and allow them to trade directly with each other.
This means that you can find a buyer who is willing to pay the price that you want and then trade directly with them without having to go through Coinbase.
The downside of using these types of services is that they usually charge fees for each trade. However, the fees are usually quite small (around 1-2%) and are worth it if you want to avoid the hassle of going through Coinbase.
Overall, if you want to sell your Bitcoin quickly and easily, using a service like LocalBitcoins or Paxful is the best way to do it.