In this article, I will show you the easiest way to convert cryptocurrency to cash in 2023. I will also give you a step-by-step guide exactly on how to exchange your crypto for cash, so keep reading. The way to do it is through the trading platform Coinbase.
The steps you need to take to be able to sell cryptocurrency on Coinbase are the following:
- Create an account on Coinbase.
- Connect your bank account to Coinbase with a deposit from your bank account.
- Convert digital currencies to cash in your bank account.
Coinbase is a fully regulated and licensed cryptocurrency exchange from the USA and it’s also one of the most trusted exchanges when it comes to money transactions and storing coins.
The only thing you need to do is to connect your bank account with a first deposit and then you can convert cryptocurrency to USD or any other fiat currency. It takes a little bit of time to transfer the coins to Coinbase and then get connected to your bank account but it’s definitely the easiest and safest platform to do it.
To sell cryptocurrency for cash on Coinbase takes about 2-5 workdays before you will see your money in your account. You can also read our guides on fiat to crypto exchanges for more information on how to use the fiat gateways that the exchanges offer.
How to convert Cryptocurrency to cash – Step by Step
So the first thing you want to do is to visit the exchange and create an account.
It’s very easy and it only takes a few minutes.
When you are done creating your account you want to choose a fiat currency and make a first deposit with your bank account
I used EUR but you can use USD or GBP.
When you have deposited with either EUR, USD, or GBP you are free to sell crypto for fiat into your bank account.
Now, after you have registered with Coinbase, let’s go through everything step by step.
On the first page of Coinbase, click Portfolio at the top section.
This will take you to your portfolio where you will be able to see your assets, which are either fiat currencies or crypto.
Next, you want to click the top fiat currency in your list.
For me it is EUR but you might see GBP or USD.
After you click your fiat currency you will see this:
What you want to do here is to click the Deposit button to the right.
Here you can actually see some of my withdrawals to my bank account.
After you click Deposit you will see this window:
Fill in the name of your bank and your full name connected to your bank account.
This is information Coinbase will use to accept your bank transfer to the platform.
When you have filled in this information and clicked Continue, this window will pop up:
This is the Coinbase bank account information.
This is the bank account you are going to send your funds to, from your own bank account.
The last thing you want to do is to make a bank transfer from your own bank account to this bank account.
It will take a little while for the funds to arrive, but after that, you have connected your account to Coinbase.
This is how to sell cryptocurrency for USD, GBP, or EUR.
As you can see, it’s very easy to cash out crypto, it only takes a few days for the bank transfers to go through.
When that is done you can convert crypto to cash as often as you want.
How to sell Cryptocurrency for USD
If you live in the USA or any other country and you want to convert cryptocurrency to USD you are very lucky.
The way to sell your crypto for USD is very simple.
The only thing you need to do is to create an account on Coinbase and then connect your bank account.
The way you do it is to make the first deposit with your bank account.
Then when it’s connected to the exchange you can convert crypto to USD in your bank account.
The transaction might take anywhere from 2-5 workdays, but that’s worth it if you want a safe way to cash out your cryptocurrency.
Now you know how to sell cryptocurrency for USD and if you need a guide to help you, check the step-by-step guide at the beginning of this article.
This has been a step-by-step guide on how to convert cryptocurrency to cash.
If you are interested in how to cash out crypto, how to sell cryptocurrency for USD, or how to sell altcoins in general, this guide is all you need.
The best way to sell your cryptocurrency is through Coinbase and in this guide I’ve laid out exactly how to do it in a simple format to follow.
It’s pretty easy to do, the only thing that takes time is the bank transfers between the Coinbase account and yours.
Once your bank account has been connected to Coinbase you are free to cash out crypto.
Related: How to cash out Bitcoin
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Yes, it can. The easiest way to exchange cryptocurrency for cash is through Coinbase.
There are three steps to cash out Cryptocurrency.
1. Create an account on Coinbase.
2. Connect your own bank account with a bank transfer deposit.
3. After you have connected your bank account you can now sell cryptocurrency for cash to your own bank account.
Coinbase lets you convert cryptocurrency to USD, GBP, or EUR.
Read this step-by-step guide to learn exactly how to do it.
Coinbase lets you sell Cryptocurrency for cash in a very easy way.
Read this tutorial to know exactly how to do it.