how to sell crypto on coinbase wallet

To sell cryptocurrency on Coinbase Wallet, simply launch the app, navigate to the crypto section, select the currency you wish to sell, enter the amount, choose the sell destination, review the transaction, and confirm the sale.

Nov 03, 2024 at 05:50 am

How to Sell Cryptocurrency on Coinbase Wallet

Step 1: Open the Coinbase Wallet App
Launch the Coinbase Wallet app on your smartphone. Ensure you are logged into your account.

Step 2: Navigate to the Crypto Section
Tap the "Crypto" tab at the bottom of the screen to access the list of cryptocurrencies you hold.

Step 3: Select the Cryptocurrency to Sell
Find the cryptocurrency you wish to sell and tap on it to open its details page.

Step 4: Tap "Sell"
On the cryptocurrency details page, tap the "Sell" button.

Step 5: Enter the Amount
In the "Amount" field, enter the amount of cryptocurrency you want to sell. You can choose between selling a specific quantity, a percentage of your holdings, or "All."

Step 6: Choose Sell Destination
Select where you want to receive the proceeds from the sale. You can choose to sell to Coinbase, send the crypto to another wallet, or withdraw the funds to your bank account.

Step 7: Review and Confirm the Transaction
Carefully review the transaction details, including the amount, sell price, and destination. Once satisfied, tap the "Sell" button to confirm the transaction.

Step 8: Monitor the Transaction Status
The Coinbase Wallet app will display the transaction status. You can check the progress in the "History" section.

Additional Tips:

• Market Price vs. Limit Price: You can choose to sell at the current market price or set a limit price. A limit price allows you to sell when the cryptocurrency reaches a specific price.
• Network Fees: Coinbase charges a network fee for each transaction. The fee is determined by the cryptocurrency and the network congestion.
• KYC Verification: If you are selling a large amount of cryptocurrency, you may need to complete KYC (Know Your Customer) verification. This involves providing personal information and documentation.
• Transaction Fees: Coinbase charges a spread on the transaction, which is the difference between the buy and sell prices. However, these fees are typically minimal compared to other platforms.