sending bitcoins to your Coinbase.com account: Step by step guide
I understand your concerns. You have recently invested in Ethereum (ETH) via coinbase.com, but you are trying to choose your funds in US dollars (USD). Don’t worry, I’m here to go through the process.
Why can’t I download my Bitcoins?
Before we dive into the solution, we quickly cover why you could face this problem. Mt.gox, a popular bitcoin exchange, was hacked in 2014, resulting in millions of dollars cryptocurrencies. Although Coinbase does not participate in any significant hacking incidents, it is possible that your account has been identified as suspicious activity.
Bitcoin conversion to USD using Coinbase
Coinbase offers two ways to convert Bitcoins (BTC) to US dollars:
1.
- Credit/Debit Card : You can also use the Coinbase credit card to buy Ethereum and then select the means for your USD’s accounts.
Step by step instructions:
1.
- Go to the “Balance” card : Click “Account” and then select “Balance”.
- Click “Selections” : Click “Selections” at the top of the page on the “Balance” tab.
- Select the amount you want to download : Select the amount you want to transfer from BTC to USD.
- Select your selection method : Select a bank account or credit/debit card as a selection method.
- Complete all required information : Enter your bank account number, direction number (if necessary) and additional details as needed.
- Confirm your transaction : Check your download details and confirm.
Using Credit/Debit Card Coinbase
- Purchase of Ethereum on Coinbase : Buy Ethereum using bitcoin or other cryptocurrency.
- Wait for the transaction to settle : Allow the transaction to process and confirm to the blockchain.
- Bitcoin transfer to USD : Then you can download the BTC balance from your account caused by USD.
Important notes:
- Be aware that Coinbase fees that may be applied when converting bitcoins to USD using credit/debit cards or bank accounts.
- Be careful when using third -party services such as PayPal for cryptomena conversions; They may charge additional fees and have different requirements.
- Always examine the Coinbase conditions before continuing any transactions.
Conclusion
Sending bitcoins to your Coinbase.com account is a relatively simple process. According to these steps, you should be able to withdraw your funds in US dollars. Be sure to track your account activity and follow Coinbase instructions for conversion requests to ensure a smooth transaction experience.
I hope it will help! If you have any further questions or concerns do not hesitate to ask.
