If you’re reading this, chances are you’re wondering what you can do with all those US dollars sitting in your Coinbase account. While it’s true that you can’t directly use them to purchase crypto, there are a few things you can do to turn them into something more useful.
One option is to simply withdraw your dollars to your bank account. This can be done by linking your Coinbase account to your bank account and then initiating a withdrawal.
The funds should arrive in your account within a few days.
Another option is to use your dollars to purchase other cryptocurrencies that are available on Coinbase. For example, if you’re interested in buying Ethereum, you can use your US dollars to do so. Simply select the “Buy/Sell” tab on Coinbase and then choose the currency you’d like to purchase.
NOTE: WARNING: Trading with US Dollar on Coinbase carries significant risk. You should consult with a qualified financial advisor before engaging in any such transactions. In addition, you should be aware that Coinbase is not a bank and does not provide any financial services, such as deposit insurance or investment advice. Therefore, there is no guarantee of the safety or security of your funds when using Coinbase.
Enter the amount of currency you’d like to buy and confirm the transaction. The funds will then be transferred from your USD wallet to your ETH wallet.
If you’re looking for something a bit more immediate, you can also use your USD balance to make purchases on the Coinbase website. For example, if you see an article that you’d like to read but don’t have enough BTC to cover the cost, you can pay using USD.
Simply select the “Pay with USD” option on the checkout page and enter your payment details. The transaction will then go through and the content will be unlocked for you to enjoy.
So, what can you do with US dollars on Coinbase? While you can’t directly use them to purchase crypto, there are still a few options available to you. You can either withdraw them to your bank account or use them to purchase other cryptocurrencies or content on the Coinbase website.
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