How to Cash Out Your Cryptocurrency on Coinbase (Bitcoin, Ethereum, Etc )
Тәжірибелік нұсқаулар және стиль
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Are you on a Mobile phone? Here is how to do it on the mobile phone: • How to Cash Out Crypto...
In this tutorial video I will show you how to cash out your cryptocurrency on Coinbase and/or Coinbase Pro. So let's say you have some Bitcoin (BTC), Ethereum (ETH), or other cryptocurrencies in your coinbase or coinbase pro accounts and you want to cash some out because you want to get some of your profits, maybe you want to pay some bills with your crypto, maybe you want to buy a gift, or just want to put it in savings. In the video I specifically show you how to move crypto from coinbase pro, over to coinbase, then convert that crypto into Fiat (USD), and then show you how to withdraw it and send it to your bank. It is very easy to do, if I can do it, you can do it, let's get started! :)
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Watch this video on how to cash out your crypto with less fees:
• How to Cash Out Your C...
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Пікірлер: 662
Want to pay fewer fees? Use Coinbase pro! Watch this video: kzread.info/dash/bejne/k35ns8OCZK_bqaw.html
@user-kg8qk8zo1g
Жыл бұрын
Hola,Por favor, ¿puedo tener su contacto de whatsapp?
Thank you for this, Matt. I don't know why other folks don't include this. Isn't this the whole point - to convert to cash we can use in the physical world? Thanks again!
@MattTaylorVariety
10 ай бұрын
You are very welcome! glad this video was helpful! Yes, that is the whole point haha unless we ever get to a point where paying with crypto is mainstream, not sure how soon if ever that will happen.
Damn im watching this is 2021 and seing eth at those prices makes me want to cry...
@MattTaylorVariety
3 жыл бұрын
I know right???
@Astrond29
3 жыл бұрын
Only if I had money then
@MattTaylorVariety
3 жыл бұрын
@@Astrond29 I know same with me haha
We live in an instant digital world where everything works at the speed of light... Stock buying and selling machines are making millions of trades per second...Gotta wait 2-3 days for a Crypto snail mail check to show up..... But it is what it is, if it's real money I can wait lol...THANK YOU. It's been a burning question just how do you turn it into real money? I mean it is real money How do you turn it into cash that will come out of an ATM?... Very clear. This is a perfect video no other way to say it.
@MattTaylorVariety
8 ай бұрын
Agreed! lol. Glad this video was helpful, it is an old video, but pretty much the same way today to cash out your crypto as it was back when I made this video.
Explained in a simple and clear way understandable even by those who are beginners. Very good tutorial.
@MattTaylorVariety
5 жыл бұрын
Thank you! Glad you liked it. :)
@raulramirez3684
4 жыл бұрын
@@MattTaylorVariety Do I need to transfer it to my wallet then to coin base then to my bank? I'm so confused, thanks in advance.
@MattTaylorVariety
3 жыл бұрын
@@raulramirez3684 Sorry, I missed this comment somehow. Yes, let's say you have Bitcoin in an exchange like Binance. You send the Bitcoin to your Coinbase Wallet, then you can convert it to USD and send it to your bank. I hope that helps! :) sorry it took me forever to respond.
@luluarcilla6688
3 жыл бұрын
How about on coinbase pro? Do you need to sell your crypto first then convert it into usd?or is it automatically converted to usd once you sold it? From your portfolio do they have fees for withdrawing US dollar to your bank account? Thanks in advance.
@dannyalvarez7995
3 жыл бұрын
Hello my dates expired to withdraw but still have 0.00 available to withdraw from COINBASE am i doing something wrong?
Did a great job on showing and explaining
@MattTaylorVariety
4 жыл бұрын
Thank you!! :)
Quick question can we use coin base with trust wallet? To export bitcoin to English currency
@MattTaylorVariety
9 ай бұрын
As long as Coinbase is supported where you live. help.coinbase.com/en/coinbase/trading-and-funding/other/what-countries-and-us-states-are-supported-for-coinbase-and-the-usd-wallet If it is supported. Then yes you send Bitcoin or whatever from Trust Wallet to your Coinbase Wallet then sell it for Fiat USD, EURO etc. And then withdraw to your bank.
ETH was $160, feel old yet? :)
@MattTaylorVariety
3 жыл бұрын
I know right? lol I wish I bought bitcoin when I first heard about it, it was around 2$. lol good thing I only sold a little ETH at that time for the video. I am pretty good at HODLing lol
@rogerpantil9483
3 жыл бұрын
everytime i see old prices my heart sinks
@MattTaylorVariety
3 жыл бұрын
@@rogerpantil9483 I know right?? lol that "tiny" bit I used for the tutorial, would be worth so much more now. haha, and why oh why didn't I buy more back then!
@Eazy_Bruh
2 жыл бұрын
@@MattTaylorVariety fkn Insane. 2$ WOWWWWW
@MattTaylorVariety
2 жыл бұрын
@@Eazy_Bruh I know right?? haha
Great step through...thanks for this. Keep up the great work.
@MattTaylorVariety
3 жыл бұрын
Thank you! you are welcome. :)
Great video straight forward good job explaining every little detail.
@MattTaylorVariety
3 жыл бұрын
Thank you, Erick!
Thanx for the info, worked like a charm. 😀👍
@MattTaylorVariety
4 жыл бұрын
You are very welcome, John! Glad it was helpful for you. :)
@alexandralewis5790
3 жыл бұрын
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I have only usd 4.50 and I am trying to cash out but when I try to do it it doesnt let me! It says that I don't have enuff I just wat t close my account and not use it anymore and that's the only thing I need to do in order to complete the process to close my account.
@MattTaylorVariety
2 жыл бұрын
Sounds like you need to contact their support. I am not affiliated with them in any way.
how ro send my funds from atomic wallete account to my bank account in canada..
thank you for the help. Literally the only video that explains this.
@MattTaylorVariety
3 жыл бұрын
You are so very welcome, Dema!! :)
@alexandralewis5790
3 жыл бұрын
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Thank you
@MattTaylorVariety
3 жыл бұрын
You are welcome!
Thanks chief...
@MattTaylorVariety
5 жыл бұрын
You are so very welcome!! :) :)
My account is on nexo, do I need coinbase to withdraw to my bank or I can do it without? How
@bmxkid916
7 ай бұрын
@CryptoLiveSupport VIA Te l e g r am Ap.
Thank you for this first time using this and I was scared I didn't get the money to my bank right away but now I see it takes a few days
@MattTaylorVariety
3 жыл бұрын
You are welcome! Yes it will take a few days to get to your bank. :)
@alexandralewis5790
3 жыл бұрын
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Useful guide! Everyone should have it in their piggy Bank!
@MattTaylorVariety
5 жыл бұрын
Thanks Maxim!! :)
Good job, quick and too the point.
@MattTaylorVariety
3 жыл бұрын
Thank you so much!
Thanks for this tutorial that was super simple!
@MattTaylorVariety
4 жыл бұрын
You are very welcome! :) Glad you liked it.
Thanks. Very clear and easy to understand.
@MattTaylorVariety
3 жыл бұрын
You are very welcome!! :) Glad it was helpful for you.
This brought me a lot of comfort lol. Thanks
@MattTaylorVariety
2 жыл бұрын
You are very welcome!
Thank you brother!!
@MattTaylorVariety
2 жыл бұрын
You are welcome!
I’ll in the uk am I able to use coin base
@MattTaylorVariety
3 жыл бұрын
Yep, Coinbase is available in the UK. You should have all the capabilities there, convert, buy, sell with payment methods like Deposit, PayPal, UK Bank Account, Swift Account, 3D Secure Credit Card, Debit Card, and regular Credit Cards. Use my referral link and we will both get $10 worth of BTC :) www.coinbase.com/join/5a3759a50cba8f045f2abddd
Hello I know this video is old hopefully you see my comment. Am I able to send money from a brokerage account like hugosway to Coinbase wallet and then withdraw for cash? Thank you
@MattTaylorVariety
2 жыл бұрын
Hi there, no I don't think you can. You can only send money via a connected bank provided that is supported in your region. Read this it tells you what countries are supported and what features are supported in those countries: www.coinbase.com/places
if i am from australia then i have to change to aud ??
@MattTaylorVariety
2 жыл бұрын
Yup!
Thanks
@MattTaylorVariety
3 жыл бұрын
You are welcome!
Do you have to pay tax with your bank? Its consider the movement like Earns?
@MattTaylorVariety
3 жыл бұрын
Yes you need to pay taxes, but not to your bank. To the government. Depending on where you live of course.
How do bitcoin cash sellers make money ? For example when I brought 2k worth of bitcoin I dropped the guy the money and he transferred me the coin? I want to work like that and how do you pay tax on it ? Sorry am new to bitcoin appreciate any answer Thankyou
@MattTaylorVariety
4 жыл бұрын
Hi Jane, I only buy cryptocurrency from legit exchanges. Exchanges make money trough every transaction. Through a transaction fee. It is a very small fee. The way you make money in general terms with bitcoin and other crypto is buy it at one price and then sell it at a higher price when the market goes up. :)
@alexandralewis5790
3 жыл бұрын
Everyone knows that trading financial markets has the makings of great profitability. However, it requires a lot of technical know-how and a great amount of time tracking the markets. But don't fret! We have the perfect remedy. MSA Securities LLC is an innovative way you can gain unlimited access to the vast opportunities of trading and investments without any technical skills and very minimum amount of time. Here, at MSA Securities LLC, we conduct countless business transactions and make good profits constantly because we have the best financial brokers that are proficient money-related investigators and experienced specialists in remote trade and investments analysing with securities and shares of various organizations in USA that are required for profitable trades and investments. What are you waiting for? Simply use the link msasecurities.llc To Register, start funding and earn good profits now.
thx mr chef! direct and informative as usual ;-)
@MattTaylorVariety
5 жыл бұрын
You are very welcome and thank you! :)
If I buy one bitcoin cash for example. With 250 $ and after bitcoin cash he will be 4000 $ I will have 4000$ ?
@MattTaylorVariety
4 жыл бұрын
No, if you buy one bitcoin cash for $250. It won't be $4000 unless the market goes up a ton. Which is not likely.
@emprendeelexito2893
4 жыл бұрын
@@MattTaylorVariety ok but he price in a few months he will be more than 500 dollar
Will try that out. Just bought something just to sell and learn.
@MattTaylorVariety
3 жыл бұрын
Nice!
thank you for sharing this video
@MattTaylorVariety
2 жыл бұрын
You are very welcome!
I don't have a coinbase wallet or vault. Do I need those? I read somewhere that you should get the wallet but not the vault so I am confused.
@MattTaylorVariety
4 жыл бұрын
Hi Mario. No, you just need a coinbase account. Once you open the account you automatically have the wallets. They are created immedetiately for you with your account.
@marioq2759
4 жыл бұрын
Thanks
@MattTaylorVariety
4 жыл бұрын
@@marioq2759 You are welcome, Mario! :)
How do you prove source of income, do you save records of the dates you buy and sell?
@MattTaylorVariety
3 жыл бұрын
Coinbase keeps track of the trades. And you can get a printout for tax purposes. So you don't have to write anything down.
Thank you so Much... you really made me wanna Mining the Ethereum Minings Now i know how to transfer into a real money Yay!
@MattTaylorVariety
3 жыл бұрын
You are very welcome! :)
Clear everything. Can I withdraw the money to payoneer receiving accounts ? Please tell me how to do it
@MattTaylorVariety
10 ай бұрын
Thanks, I don't know you will have to review Coinbase.
Will this work if we live in a country with different currency? Will the money just covert from its usd to the currency in my country? Or do I need to set up a wallet using the currency of my choice?
@MattTaylorVariety
2 жыл бұрын
Hi there, not all countries are supported for every function. You need to review this list to see: www.coinbase.com/places
thanks
@MattTaylorVariety
2 жыл бұрын
You are welcome!
Will this work to withdraw money to my bank account if Iive in Sweden and have a Swedish bank account?
@MattTaylorVariety
3 жыл бұрын
Hi there! You will have to check this: www.coinbase.com/places to see if Sweden is on the list.
Hi Matt, I see you wearing that shirt when you made this. Do you still think Deep Onion is worth investing in or what's the background take there?
@MattTaylorVariety
2 жыл бұрын
They have been around since the middle of 2017. The Dev team is super active. I still think they are worth investing in. The volume is low, which is a red flag though, but the trade volume does fluctuate. Ideally it would be much higher.
So do you connect your bank account to your coinbase?
@MattTaylorVariety
3 жыл бұрын
Hello, yes you can if you live in a country that supports that feature. www.coinbase.com/places
Thanks. I’m new to crypto.
@MattTaylorVariety
3 жыл бұрын
You are welcome, William! :) Have fun, it can be awesome, but also heart breaking, haha.
thanks for the tutorial
@MattTaylorVariety
5 жыл бұрын
You are very welcome! :)
Hi quick question what if im not in the USA? ia there no option wer i fill in my visa bank account details and press withdraw?
@MattTaylorVariety
4 жыл бұрын
This list gives you what countries are supported and what options they allow: www.coinbase.com/places
@gideongee9829
4 жыл бұрын
Matt Taylor Variety thank you so much I’m really struggling. 😪
@MattTaylorVariety
4 жыл бұрын
@@gideongee9829 You are welcome!
Do you invest in THETA, if so how would you cash out of that?
@MattTaylorVariety
3 жыл бұрын
Hey there, no, I don't invest in THETA. I know about it, just haven't invested in it. There are a few ways I surmise but one would be you would need to convert it to BTC on an exchange that it is listed on, like Binance or OKEx. Then send that BTC to Coinbase and sell it for USD and cash out. Or any other exchange that supports cashing out Fiat to your bank. The issue is people from the US can't use Binance anymore, and it is not listed on Binance US. But if you live in the States you may be able to use OKEx, I haven't tried that exchange. But shouldn't you know how to do that, you make crypto videos on THETA on your channel? haha
Can I cash out crypto to my usd wallet and have it there ready to use for crypto purchase? Like for spikes and dips. Thank you!
@MattTaylorVariety
3 жыл бұрын
Yep, you sure can! For example, if you convert BTC into USD, you can keep that USD in your Coinbase wallet, then spend it to buy more BTC if the price drops, or any other crypto on Coinbase.
I am not seeing an option for accounts on the website of Coinbase. Is this because I am using my mobile device
@MattTaylorVariety
3 жыл бұрын
Hi! on the mobile to find your accounts click on the three lines in the top right corner, then click on portfolio. :)
Do you know if there is a max amount of ETH you are allowed to move? I plan to HODL for a long while, but let's say ETH skyrockets, do you know if you are able to cash out a big sum from your Coinbase wallet? Thanx!
@MattTaylorVariety
4 жыл бұрын
I am not sure about that. I do believe the max amount of USD you are able to withdraw in one day is like $50k. Or something like that. But you can trade more than that I believe. And change it over to Fiat, and leave it in your wallet if you have more than that.
@alexandralewis5790
3 жыл бұрын
Everyone knows that trading financial markets has the makings of great profitability. However, it requires a lot of technical know-how and a great amount of time tracking the markets. But don't fret! We have the perfect remedy. MSA Securities LLC is an innovative way you can gain unlimited access to the vast opportunities of trading and investments without any technical skills and very minimum amount of time. Here, at MSA Securities LLC, we conduct countless business transactions and make good profits constantly because we have the best financial brokers that are proficient money-related investigators and experienced specialists in remote trade and investments analysing with securities and shares of various organizations in USA that are required for profitable trades and investments. What are you waiting for? Simply use the link msasecurities.llc To Register, start funding and earn good profits now.
You could just sell it on Coinbase pro Then transfer to Coinbase usd wallet and from there to bank.....
@MattTaylorVariety
4 жыл бұрын
Yep absolutely! I have another version talking about that :) kzread.info/dash/bejne/k35ns8OCZK_bqaw.html
@Alex-dz6xw
4 жыл бұрын
Matt Taylor Variety 🤗🙂👌
I withdraw a little bit of my crypto everytime the price is up. it seems too easy that im making this much money, this fast. will I run into issues or trouble w taxes??
@MattTaylorVariety
3 жыл бұрын
Hi Britt, that is a good strategy. It all depends on where you live. I am not a tax adviser, so I can't say for sure. But if you live in the US, you will have to pay taxes on your gains.
I like that comercial of that one black dude taking to his dad about getting silver. The son looks like 15 years older than his father.
@MattTaylorVariety
3 жыл бұрын
Hey Aaron, I don't think I have seen that commercial yet, I will have to keep an eye out for it, haha.
Hello please I need help, I made a deposit of eth to an eth address,but the receiver said he didn't receive it,and coinbase didn't send any message to my email,so how do I track or check my transactions on coinbase please?
@MattTaylorVariety
3 жыл бұрын
Hi Jael, you mean you sent ETH from your coinbase wallet to someone else's ETH wallet? to check transaction history, lick on the top right corner on your profile then click on "taxes & reports". Then next to Transaction History click on "Generate report" Also click on your portfolio, in the lower right hand column you should also see all "Recent Transactions"
Thank you!
@MattTaylorVariety
3 жыл бұрын
You are welcome, Deina!
U made this understandable
@MattTaylorVariety
5 жыл бұрын
Glad you were able to understand. 👍
Also, if you want to just wait out the storm on the market, you don't need to cash out completely. Swapping your crypto for a stablecoin like usdt, busd etc is easier and cheaper
@MattTaylorVariety
2 жыл бұрын
This video isn't about strategy it is to show people how to cash out, meaning how to get the crypto into their fiat so they can spend it or use it for something else. But yes, you never have to cash out all of it. And you can always store it in a stablecoin. But that is not what this video is about. :)
Great video and very helpful. Thanks
@MattTaylorVariety
4 жыл бұрын
Thank you!! :) Glad you liked it and that is was helpful for you.
Cool Matt!
@MattTaylorVariety
5 жыл бұрын
Thank you J!! :)
how safe is USD wallet ?
@MattTaylorVariety
4 жыл бұрын
Hi Michael, yes the USD wallet on Coinbase or Coinbase Pro is safe. You can transfer USD to it from your bank and leave it there until you want to buy crypto with it.
I heard that if you transfer bitcoin from an unknown wallet to coinbase and try to cash out, coinbase will freeze your account. Why does that happen? And what happens if I fall into that and can't pay taxes?
@MattTaylorVariety
2 жыл бұрын
I haven't heard that. You will always be able to pay taxes. If you realize a gain, or deduct if you realize a loss, depending on the tax code where you live.
Hey there, So I have a question in regards to Coinbase as a whole. There are a lot of negative reviews on the App Store and online in regards to Coinbase randomly freezing funds buying/selling and this deeply concerns me if let’s say I buy a bitcoin and it appreciates significantly and for some reason I won’t be able to sell. However I’m being optimistic and assuming many people are buying/selling days after a deposit which can be why. After watching your video, I’m happy to see how easy it is and you did get your funds on 5/10 as shown in the video? Anyways just my 2 cents. Let me know what you think because I love how easy Coinbase is
@MattTaylorVariety
4 жыл бұрын
Hi! I haven't had any issues with Coinbase and have been using them since late 2017. I have looked at some of the negative reviews and it is easy to spot the spammy comments which aren't authentic. They usually try and talk about some other exchange instead. Unfortunately with the internet and this still being the Wild West of Crypto and exchanges, it is hard to weed out the authentic from the inauthentic. But there are also plenty of options. It is good that you are doing your own research. I use Coinbase, Binance, and Kucoin mostly for my exchanges, but for me here in the US, coinbase is the only one that I can withdraw USD back to my bank.
@VirtualGhostMaster
4 жыл бұрын
Matt Taylor Variety Okay so its relatively a simple few days you have to wait if your desire is to sell a few coins here and there. I was just worried I’d have a million issues with them freezing my funds or delaying as some of the reviews state however millions of people do use Coinbase as their primary source like you so I assume that’s fairly good news
Thank oyu for your video, unfortunately i watched it after have tried to redraw my money. It looks like I am not able to transfer to my bank account now. It sits on my PORTFOLIO BALANCE. How can i transfer to my bank account from there??
@MattTaylorVariety
4 жыл бұрын
Sorry just saw this comment. Did you ever get it figured out?
@breezey4613
4 жыл бұрын
Hi matt i had withdrew my money to my coinbase wallet now i don't know how to get it out can you help me please
I can not take any of the earned monny out to my every day bank account......???????
@MattTaylorVariety
5 жыл бұрын
Do you have your coinbase account linked up to your bank account? It has to be linked. If you are still having issues, contact their support.
Can you withdraw the money to a bank account in Sweden?
@MattTaylorVariety
Жыл бұрын
Yes, I believe Sweden is now supported by Coinbase.
You don't always want to cash out though. If you're planning on buying the dip, it's much more convenient to swap for usdt, busd, dai, whatever stablecoin you choose
@MattTaylorVariety
2 жыл бұрын
Correct. This isn't an advice or investment strategy video, just a tutorial on how to cash out if someone wishes to.
What if i dont have a usd wallet are there other options?
@MattTaylorVariety
3 жыл бұрын
If you live in the US and you sign up with Coinbase, you automatically have a USD wallet. It all depends on what country you live in and if Coinbase supports cashing out to a FIAT (whatever currency is used where you live). This link tells you where Coinbase is and what capabilities you can do with it in that country. www.coinbase.com/places
It’s June 10 today 5pm ... and it said my money is goi g to arrive June 15 does it mean I’ll receive it on that day or within those days ?
@MattTaylorVariety
4 жыл бұрын
It depends on your bank. It usually takes a few business days. But if it says it will arrive on June 15 it will at least come by that date and not later.
@mRmakeithappen123
4 жыл бұрын
Matt Taylor Variety Bank of America?
@mRmakeithappen123
4 жыл бұрын
Thanks I thought it would be instant I got scared because it said compelerse on Coinbase and I thought I had messed up !!!!
@MattTaylorVariety
4 жыл бұрын
@@mRmakeithappen123 I don't bank with Bank of a America, so I am not familiar with how they operate.
Great tutorial
@MattTaylorVariety
3 жыл бұрын
Thank you, Marc!!
Hey is it beneficial to use Coinbase wallet if the Coinbase app already allows me to deposit and cash out on there?
@MattTaylorVariety
4 жыл бұрын
Hi there, I don't think so, as long as you can cash out on your app, I don't think there is a different in the fees, but I could be wrong. :) I don't use the app so am not totally sure.
@millionairemelly4164
4 жыл бұрын
Matt Taylor Variety ok !👌🏾 thanks
Couldn’t you just sell the currency for USD on Coinbase pro and send the USD to your Coinbase account?
@MattTaylorVariety
3 жыл бұрын
YEP! I show that in this video kzread.info/dash/bejne/k35ns8OCZK_bqaw.html and this very recent video for doing it on the mobile apps. kzread.info/dash/bejne/aK2NtKWrddq9lLA.html
Thankyou! be well
@MattTaylorVariety
4 жыл бұрын
You are welcome! Same with you!
Thank you, this was helpful.
@MattTaylorVariety
2 жыл бұрын
You are welcome!
Hello! When you do that selling procedure, who or what do you Sell the ETH to? Im confused
@MattTaylorVariety
2 жыл бұрын
You Sell ETH for USD or ETH for your fiat in your country as long as their is a pairing for it.
@Baarbosa7
2 жыл бұрын
@@MattTaylorVariety I thought there needed to be someone on the opposite end of the transcaction that wanted to aquire the crypto currency
@MattTaylorVariety
2 жыл бұрын
@@Baarbosa7 Yes when you get on the exchange and create your sell order, it goes on the order book. Then you wait for someone to buy it. But if it is a popular crypto, it happens usually in seconds.
Thanks!!!
@MattTaylorVariety
4 жыл бұрын
You are very welcome! :) :)
How much di they charge to convert $3,500 btc to USD?
@MattTaylorVariety
4 жыл бұрын
You can read all about how they charge here: support.coinbase.com/customer/en/portal/articles/2109597-coinbase-pricing-fees-disclosures
What is gas limit and gas fee what should be the minmum gas limit to be put
@MattTaylorVariety
4 жыл бұрын
Hi George, this video isn't about that, That pertains more to trading strategy. This is just a simple video to show how to trade for USD on coinbase and then send it to your bank account. Provided your country supports that feature. Using the "Market" order. But you can visit both coinbase.com and pro.coinbase.com for more information. I am not affiliated with them at all.
@georgeortiz3680
4 жыл бұрын
@@MattTaylorVariety ok ,I have an another doubt is there any way to anonymouse the crypto bought from coinbase?
@georgeortiz3680
4 жыл бұрын
To protect from hackers
@MattTaylorVariety
4 жыл бұрын
@@georgeortiz3680 Hi George, mmm I don't think so, they don't offer any privacy coins, I don't think. And Coinbase sticks to the laws especially for Tax purposes. But they have very good login security measures.
@georgeortiz3680
4 жыл бұрын
@@MattTaylorVariety is there any alternative s
thanks for the tutorial, they will add Onion soon
@MattTaylorVariety
5 жыл бұрын
You are welcome!
Wait I’m confused can’t you do this on coinbase app without two steps ?
@MattTaylorVariety
4 жыл бұрын
Yes, you can do this on Coinbase or Coinbase pro.
Hello again. I'm looking to open up an Ally bank account so that I can withdraw my funds. I'd like to know what kind of account from Ally should I open up.
@MattTaylorVariety
4 жыл бұрын
I think either a checking or savings account would work. But I don't bank with Ally, so I don't know for sure. Call them first and make sure they will accept Coinbase transfers.
U the only that helps, how do I sell shib from metamask ? Please
@MattTaylorVariety
3 жыл бұрын
Hi there, it looks like you can swap it on UniSwap. Go to uniswap.org/ and connect your metamask wallet.
@Kpzkhai
3 жыл бұрын
@@MattTaylorVariety but uniswap is not legal in USA
@MattTaylorVariety
3 жыл бұрын
@@KpzkhaiThat is incorrect. It is legal to use it, just like many other swaps. read this. www.swapfol.io/is-uniswap-available-in-the-usa/
So to get started buying and selling crypto , do you need both coinbase pro and coinbase ? I thought coinbase is your wallet? and how does addresses work im told this is super important
@MattTaylorVariety
3 жыл бұрын
All you need is Coinbase or another exchange that allows you to connect your bank, or buy crypto with your credit card. More and more options are becoming available. Any time you create an account on a crypto exchange your wallet will have unique addresses for every crypto listed on that exchange. Think of the addresses as your account number for each crypto.
Can i link my advcash bank account to coinbase ?
@MattTaylorVariety
4 жыл бұрын
I don't know, you will need to check this: www.coinbase.com/places and see if your country is supported. And then you would need to contact your bank/coinbase to make sure.
So ive made a decent amount from crypto and want to cashout a bit. Do you recommend selling a little bit at a time or just sell a bunch at once?
@MattTaylorVariety
3 жыл бұрын
Selling a little bit at a time let's you take advantage of the market, if it goes up. But the market may go down again as well. It is hard to say everyone's financial situation is different.
@zakkeemdedier4986
3 жыл бұрын
@@MattTaylorVariety hey one queation im new to this always liked litecoin and im from trinidad and tobago in the caribbean they say convert only under my country would i be able to buy and also withdraw money for cash out
@MattTaylorVariety
3 жыл бұрын
@@zakkeemdedier4986 Hi there, no, if it says convert only, then withdrawing and cashing out is not available in your country. You will have to find an exchange that allows those features where you live. Maybe try Binance.
Coinbase now are asking for account verification by transferring £2 to their account. However HSBC won’t allow this, and give me a fraud alert instead 🤔
@MattTaylorVariety
4 жыл бұрын
You would need to contact your bank I imagine.
Which bank are available?? Is paypal available??
@MattTaylorVariety
3 жыл бұрын
Hello, it depends on what country you live in. Look at this: www.coinbase.com/places. I think US customers can withdraw to PayPal, not sure about other customers.
Trying to use the app and this is my first time and I really need help with this . Trying to withdraw money
@MattTaylorVariety
4 жыл бұрын
Use the online website like I do in the video then you can follow those steps. I don't use the mobile app so I can't help you with that. Good luck!
@monicadominguez4942
4 жыл бұрын
jt shot have you got any withdraw
Is there a limit on how much you can withdraw?
@MattTaylorVariety
5 жыл бұрын
Yep there is a limit. I believe the daily limit is $10,000. So it is pretty high.
@MattTaylorVariety
4 жыл бұрын
@J J lol I would be happy with 1 million in a year! lol
@alexandralewis5790
3 жыл бұрын
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Do you have a video on how to Swap/Trade ETH into BTC using CoinbasePro? Are the fees less is I sell ETH and then buy BTC?
@MattTaylorVariety
2 жыл бұрын
Hi Timothy, no sorry I don't have a video for that. But it is pretty straightforward. On the main trading, screen click "select market" in the top left corner. Select BTC then ETH-BTC trading pair. Select sell, then enter the amount of ETH you want to sell. It will give you the amount of BTC you will get underneath. Then press "place sell order". I hope that helps.
@TimothyHeaps
2 жыл бұрын
@@MattTaylorVariety Yes it did. First time was a charm. Thanks for the push!
@MattTaylorVariety
2 жыл бұрын
@@TimothyHeaps You are very welcome! so glad it was helpful.
Hello what's the best way to get started with trade cos I've been making my personal research for a while now
@MattTaylorVariety
3 жыл бұрын
Hi David, the best way is to open an account on an exchange and then buy some crypto.
Great tutorial and easy to follow. If I'm using a Ledger Nano S. and Coinbase (not pro version) what are the preliminary steps I need to take to cash out? Thank you!
@MattTaylorVariety
3 жыл бұрын
Thank you! I don't have experience using the ledger wallets. But like any other wallet you need to send for example your BTC from your ledger to your coinbase wallet. Then sell the btc in coinbase to your FIAT like USD and send the USD to your bank. But I am not sure how you send stuff from the ledger wallet to coinbase, since I don't use those. You can probably find another video on that .
@AlejandroGuimoye
3 жыл бұрын
@@MattTaylorVariety that ma so much for the quick reply Matt!
@MattTaylorVariety
3 жыл бұрын
@@AlejandroGuimoye You are very welcome!
Can you NOT cash out from coinbase pro directly without moving it to your wallet?
@MattTaylorVariety
3 жыл бұрын
Yep you sure can and pay less fees. Take a look at this video I had made it after kzread.info/dash/bejne/k35ns8OCZK_bqaw.html&pbjreload=101
@LoveGuruBlaire
3 жыл бұрын
@@MattTaylorVariety Thanks! I'll check it out
@MattTaylorVariety
3 жыл бұрын
@@LoveGuruBlaire You are welcome! :)
@davidwhite7109
3 жыл бұрын
All thanks To shawnhacker16 on Instagram I recommend them all the way I never regrets of dealing with them they Got me 1btc To the moon 💪💪💪 💯💯💯✓✓✓
Money we make on crypto should be part of end of year taxes right? Once we sell it anyways
@MattTaylorVariety
3 жыл бұрын
Yes it depends on the country you live it. In the US, yes you have to claim it on taxes. Read this www.coinbase.com/learn/tips-and-tutorials/crypto-and-bitcoin-taxes-US
Whats the exchange rate like? How far off the market rate is it?
@MattTaylorVariety
3 жыл бұрын
Hi Ben, the market rate is the same on the coinbase exchange as it is on any other exchange. You can do a market order, limit order, stop loss order just like most other exchanges. Of course the actual price always fluctuates a little across exchanges.
@benboyce8792
3 жыл бұрын
@@MattTaylorVariety great thank you!
@MattTaylorVariety
3 жыл бұрын
@@benboyce8792 You are welcome!
Can you use PayPal instead of your bank account and can you change it to other currencies then usd ?
@MattTaylorVariety
2 жыл бұрын
Hello, as far as I know you can link your PayPal account. Here is all the info about PayPal and Coinbase: help.coinbase.com/en/coinbase/getting-started/add-a-payment-method/paypal-faq
Does this apply to large amounts of money 20k or more?
@MattTaylorVariety
4 жыл бұрын
Yep it applies to any amount of money, although their may be a withdrawal limit per day. But that is only to the bank account, not for converting the crypto into fiat. Meaning let's say I had 70k worth of Bitcoin (i wish) and I converted it all to USD on let's say a Tuesday, It may only let me withdraw 50k USD and send it to my bank on Tuesday. And then I can send the remaining 20k on Wednesday, if that makes sense?
What's the daily highest daily withdrawal?
@MattTaylorVariety
4 жыл бұрын
$10k but you can be considered for higher daily limits. You just need to apply for it.
@grock5209
4 жыл бұрын
Thanks.
@MattTaylorVariety
4 жыл бұрын
@@grock5209 You are welcome!
sir. whatever price you cash out will be the same that will transfer to your bank account? is that how it works?
@MattTaylorVariety
2 жыл бұрын
Yes, minus any small fees.
@carlotheatheist
2 жыл бұрын
thanks. I'm start build my own mining rig after new year. my family is hoping we will be successful and I'm thankful to your basic tutorial how to cashout.
@carlotheatheist
2 жыл бұрын
@@MattTaylorVariety yeah that would be for service fees.
@MattTaylorVariety
2 жыл бұрын
@@carlotheatheist Fun! Good luck with your mining rig. Glad you found this video helpful. :)
@MattTaylorVariety
2 жыл бұрын
@@carlotheatheist Yeah, it is hard to get around service fees haha.
Hey how should i cash out 500 million dollar worth of crypto at once. Is it possible? Please help.
@MattTaylorVariety
Жыл бұрын
Hey, with that amount of money, you really should be contacting a financial advisor, not a random KZreadr haha. But to answer your question it depends on the exchange, usually, there are daily withdrawal limits sometimes there aren't. However, there is usually no limit on how much crypto you can sell. So first you need to sell that crypto into FIAT like USD. Then withdraw that USD to your bank. Most of the time you can have your withdrawal limit raised if there is a limit.
Great Video MATT! new subscriber. Maybe do a new video when apropos on all the various updated ways to cash out, if it has changed...
@MattTaylorVariety
3 жыл бұрын
It hasn't changed. Cashing out is the same. But I may do one on how to cash it out from the Coinbase App which is essentially the same as well, but looks a little different.
@L1GHT119
3 жыл бұрын
@@MattTaylorVariety Gotcha! Maybe pancake/uni swap, MetaMask , trust wallet or whichever tools you utilize to help us newbies ...
@MattTaylorVariety
3 жыл бұрын
@@L1GHT119 Yeah I could probably do a video on those. Like, how to set up a MetaMask wallet.