When you sell Bitcoin, the proceeds go into your Coinbase account. From there, you can either withdraw the money to your bank account, or you can keep the money in your Coinbase account and use it to buy other cryptocurrencies.
If you withdraw the money to your bank account, it will usually take 1-3 business days for the funds to become available.
NOTE: WARNING: Selling Bitcoin can be risky. Before you decide to sell your Bitcoin, it is important to understand exactly where the money goes when you do so. There are potential risks associated with selling your Bitcoin, such as an exchange getting hacked or stolen, government regulations and taxes, and more. Make sure that you are aware of all the potential risks before selling your Bitcoin.
If you keep the money in your Coinbase account, you can use it to buy other cryptocurrencies or you can hold onto it and wait for the price of Bitcoin to go back up.
So, when you sell Bitcoin, the proceeds go into your Coinbase account. From there, you can either withdraw the money to your bank account or you can keep the money in your Coinbase account and use it to buy other cryptocurrencies.
6 Related Question Answers Found
There are a few different ways to sell Bitcoin for cash. The most common way is to use a Bitcoin ATM. These work like regular ATMs, but you can use them to sell your Bitcoin for cash.
Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain.
When it comes to day trading Bitcoin, or any cryptocurrency, the question of how much money you need to start is a common one. The answer, unfortunately, is not a simple one. There are a number of factors that go into determining how much money you need to day trade Bitcoin.
When it comes to cashing out Bitcoin, there are a few things you need to know. First, there are two different types of Bitcoin addresses – public and private. Your public address is the one you give to people when you want them to send you Bitcoin, and your private address is the one you use to send Bitcoin to others.
When it comes to cashing out Bitcoin, there are a few things that you need to keep in mind. First and foremost, you need to make sure that you have a Bitcoin wallet. This is where your Bitcoins will be stored and it is important to have a secure wallet.
Bitcoin has been around for a while now, and it has become increasingly popular as an investment. Many people are wondering what the best way to cash out Bitcoin is. There are a few different options, and the best way depends on your personal situation.
