How to sell a bitcoin (BTC) on Coinbase ?

How to sell a bitcoin (BTC) on Coinbase ?

You want to use Coinbase to sell the Bitcoin, but you don’t know how to do with this platform. This is not really a problem, since we will guide you step-by-step.

Your registration on Coinbase

To be able to sell Bitcoin using Coinbase, it will first have to register on this platform. No worry, though, because it really is very simple. You do not have to follow the different steps. The first of them is to fill in a form in which you must indicate your name, your first name and your email address. You will also need to create a password. However, in order to limit the risks of piracy, we recommend that you choose a password that is fairly complex. Once this is done, you will receive an e-mail in which you can find the link that will allow you to validate your account.

Once your account is validated, you must indicate if you are registering as an individual or as a company. Then, you must send your cell number, you will receive a message with a code to enter on the platform Coinbase. In addition, we can only advice you to link your mobile phone number and your account Coinbase. You will benefit from a second security by receiving a text message during each transaction.

The verification of your identity

However, before you can enjoy your account with Coinbase, it is necessary that your identity be verified. But, once again, you should not experience the slightest difficulty. You just have to provide an identity document in course of validity. This can be your driving license, your passport or your identity card. For the provide, you have to take a picture while you hold your credential in hand. This picture can be taken with your mobile phone or your webcam. However, if you prefer a more traditional method, it is also possible to do this by sending your documents. It must be post directly on the platform Coinbase.

Sell Bitcoin using Coinbase

To be able to sell Bitcoin on Coinbase, you need to obviously have on your account. For you to obtain it, you can do this in several ways. You can, in effect, a miner, buy it on Coinbase or transfer directly from an online wallet or another platform. Once this is done, you must go to the tab “Sell” and enter the amount in Bitcoin that you want to resell, as well as the price at which you want to sell it. You will then need to select the portfolio on which is the Bitcoin that you want to sell and the bank account to which you want the money to be paid. Once you have found a transaction that suits you, it does not remain you more that to confirm. Once the transaction is accepted, your Bitcoin will be transferred to the account of the buyer and you will receive the corresponding prize.

What you must remember

  • If you want to sell Bitcoin on Coinbase, you must first register and validate your account.
  • You must then prove your identity by submitting a proof of current validity.
  • You will need it in a last time you go to the tab “Sell” and select the amount of Bitcoin you want to exchange and define how much you want to sell it. You then need to select the portfolio on which is stored the Bitcoin that you want to sell and the account to which the money from the sale will be transferred.