@@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.
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.
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.
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.
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 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!
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!
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.
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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
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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.
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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
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. :)
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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!
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.
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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
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 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.
Also, I am new to coinbase, got verified, etc, bought crypto, transaction is completed on bank side as well as coinbase side. It's been about 3 days. Do you know how long coinbase holds your crypto before you can move it to coinbase pro? Also, is this just something they do for first time buyers?
When I was new it took 5 to 6 days for bank transfers/buying crypto with the bank. Did you use your bank account or debit card? But the debit card was instantt, although I could only do a small amount at first.
@@MattTaylorVariety Bank. Money and crypto came through. They are holding it for ? days, maybe 7 until I can transfer to pro or my wallet. This happens every time or just the first time?
@@LoveGuruBlaire Bank transfers are always slower. If you are going to be trading a lot, I recommend connecting your debit card. You can use some funds instantly, and then they hold it as well, just depends on your limits, which changes the more you use it. It is a safeguard for the platform I reckon.
@@LoveGuruBlaire I am too. :) They hold your coins to make sure the bank transaction clears. Sometimes you can buy them instantly and then trade them instantly it just depends on your account. When you are making the transaction, it will tell you right then, how long the hold on the coins will be if there will be a hold, and which portion can be moved/traded instantly.
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.
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 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
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.
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.
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.
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?
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 🤔
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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.
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.
@@jacobshanholtzer5532 You are welcome! Have you done any of the coinbase earn lessons? You can earn free crypto by learning about new crypto. Here is the invite link for a crypto called Compound. coinbase.com/earn/comp/invite/vj8x2wrc
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.
Hi there! You can sell up to $20 million with one transaction. BUT, you can only withdraw up to $50k per day. See this info: pro.coinbase.com/markets and help.coinbase.com/en/pro/trading-and-funding/trading-rules-and-fees/limits
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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.
Then you need to use a different exchange. First you need to use an exchange that you can link up to your bank account. Coinbase only links up to certain countries, bank accounts. This is the list of countries supported and what features they provide: www.coinbase.com/places. But let's say you have an Altcoin not on Coinbase, but it is on binance.us and you live here in the States. You can convert your coin over on Binance to bitcoin or Ethereum and then transfer that to Coinbase, and cash it out, does that make sense?
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??
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.
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
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
@@FBarbosa7 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.
Hi Tina, it depends on where you live. But wherever you bought it, you would have to convert it to BTC or something, and then send it to an exchange like Coinbase where you can connect your bank details.
@@MattTaylorVariety thank you my ex got it from a so called friend then we split it. And I'm stuck because no atm and I live in idaho. Thank you for answering me.
@@tinac3473 Ahh, yeah I am not sure where sumcoin is even listed. Where is your sumcoin now? Is it on an exchange or in a desktop wallet or something? It looks like sumcoin is listed on STEX. You can sign up for an account there, and send your sumcoin to the sumcoin wallet on STEX. Then sell it for BTC. Then send the BTC to coinbase. :)
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.
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??
No the maximum is higher than $200. Well I guess it may depend on the country that you live in. Here is the info on the fees: help.coinbase.com/en/coinbase/trading-and-funding/pricing-and-fees/fees.html
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I believe so, I am in the US, we can't use Binance, but we can us Binance.US. You can cash out with Binance.US as well. As long as you have your bank connected.
You certainly can do that, but not everyone is going to use coinbase pro, although I added the extra step of sending ethereum from coinbase pro to coinbase. This was meant to be a super basic video. I am guessing a lot of people are just going to use the basic coinbase and not even use coinbase pro, buy some bitcoin or ethereum, or whatever else is offered and then hold it and sell it back. But like you said I probably should have shown both ways, could be an incentive for more people to use coinbase pro. 👍
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.
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.
@@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
@@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.
I haven't used an ETH wallet, but like most wallets you just need your coinbase eth address. Then paste that in the "Send to/Recipient" address when setting up a transaction in your ETH wallet. Whenever trying a transaction that is new to you, also do a "test" with a little amount to make sure it goes through.
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.
@@tobyluxford6740 Oh not at all. If you have to you can always transfer your crypto to another exchange. But it looks like the UK is completely supported www.coinbase.com/places
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
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.
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
Hi Nik! Watch this video ua-cam.com/video/aJ3QaI4LuyI/v-deo.html&pbjreload=101, I made it a few months after this one the fees are less. Most exchanges charge a fee for doing the transaction. But if you find one that is totally free and does everything you want it to, awesome. I am not aware of any though.
Where did you buy sumcoin? You have to find an exchange that lists sumcoin, and sell it for something like bitcoin and then send that bitcoin to coinbase. Sell the bitcoin for cash and then cash out.
@@tinac3473 You have to create an account on STEX. which is an exchange. Send your sumcoin there to your sumcoin wallet, which automatically gets set up for you when you create the STEX account. Then trade it for BTC. Then send the BTC to Coinbase and sell it for USD to cash it out to your bank.
Hi Susan, it really depends. If you already have a trading pair for that other crypto, there isn't a need to convert to USD first. For example, if you have Bitcoin and you want to buy Ethererum. No need to trade bitcoin for USD and the use that USD to buy Ethereum. You would just use the Bitcoin to buy the Ethereum. :)
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?
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.
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?
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"
Want to pay fewer fees? Use Coinbase pro! Watch this video: ua-cam.com/video/aJ3QaI4LuyI/v-deo.html
Hola,Por favor, ¿puedo tener su contacto de whatsapp?
Damn im watching this is 2021 and seing eth at those prices makes me want to cry...
I know right???
Only if I had money then
@@Astrond29 I know same with me haha
Explained in a simple and clear way understandable even by those who are beginners. Very good tutorial.
Thank you! Glad you liked it. :)
@@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.
@@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.
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.
Hello my dates expired to withdraw but still have 0.00 available to withdraw from COINBASE am i doing something wrong?
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.
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.
ETH was $160, feel old yet? :)
I know right? lol I wish I bought bitcoin when I first heard about it, it was around 2$. lol good thing I only sold a little ETH at that time for the video. I am pretty good at HODLing lol
everytime i see old prices my heart sinks
@@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!
@@MattTaylorVariety fkn Insane. 2$ WOWWWWW
@@Eazy_Bruh I know right?? haha
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!
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.
This brought me a lot of comfort lol. Thanks
You are very welcome!
Thanx for the info, worked like a charm. 😀👍
You are very welcome, John! Glad it was helpful for you. :)
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Did a great job on showing and explaining
Thank you!! :)
Do you invest in THETA, if so how would you cash out of that?
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
Great step through...thanks for this. Keep up the great work.
Thank you! you are welcome. :)
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
You are welcome! Yes it will take a few days to get to your bank. :)
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Quick question can we use coin base with trust wallet? To export bitcoin to English currency
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.
thank you for the help. Literally the only video that explains this.
You are so very welcome, Dema!! :)
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Useful guide! Everyone should have it in their piggy Bank!
Thanks Maxim!! :)
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
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. :)
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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!
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.
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If I buy one bitcoin cash for example. With 250 $ and after bitcoin cash he will be 4000 $ I will have 4000$ ?
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.
@@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.
Nice!
Amazing video, very clear and concise
You are very welcome!! Here is the updated version of this video for the mobile phone ua-cam.com/video/6yYRCrEwWdM/v-deo.html
thank you for sharing this video
You are very welcome!
Thank you brother!!
You are welcome!
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
Correct. This isn't an advice or investment strategy video, just a tutorial on how to cash out if someone wishes to.
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.
Hey Aaron, I don't think I have seen that commercial yet, I will have to keep an eye out for it, haha.
Do you have to pay tax with your bank? Its consider the movement like Earns?
Yes you need to pay taxes, but not to your bank. To the government. Depending on where you live of course.
What is gas limit and gas fee what should be the minmum gas limit to be put
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.
@@MattTaylorVariety ok ,I have an another doubt is there any way to anonymouse the crypto bought from coinbase?
To protect from hackers
@@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.
@@MattTaylorVariety is there any alternative s
Could you give a tutorial on the same process using the mobile App?
Hi Norman! I can do that.
if i am from australia then i have to change to aud ??
Yup!
how ro send my funds from atomic wallete account to my bank account in canada..
Great video straight forward good job explaining every little detail.
Thank you, Erick!
Thanks for this tutorial that was super simple!
You are very welcome! :) Glad you liked it.
My account is on nexo, do I need coinbase to withdraw to my bank or I can do it without? How
@CryptoLiveSupport VIA Te l e g r am Ap.
How do you prove source of income, do you save records of the dates you buy and sell?
Coinbase keeps track of the trades. And you can get a printout for tax purposes. So you don't have to write anything down.
Cool Matt!
Thank you J!! :)
Also, I am new to coinbase, got verified, etc, bought crypto, transaction is completed on bank side as well as coinbase side. It's been about 3 days. Do you know how long coinbase holds your crypto before you can move it to coinbase pro? Also, is this just something they do for first time buyers?
When I was new it took 5 to 6 days for bank transfers/buying crypto with the bank. Did you use your bank account or debit card? But the debit card was instantt, although I could only do a small amount at first.
@@MattTaylorVariety Bank. Money and crypto came through. They are holding it for ? days, maybe 7 until I can transfer to pro or my wallet. This happens every time or just the first time?
@@LoveGuruBlaire Bank transfers are always slower. If you are going to be trading a lot, I recommend connecting your debit card. You can use some funds instantly, and then they hold it as well, just depends on your limits, which changes the more you use it. It is a safeguard for the platform I reckon.
@@MattTaylorVariety Hey! Funds were available instantly. I'm takling about the hold of coins after purchase. Thanks!
@@LoveGuruBlaire I am too. :) They hold your coins to make sure the bank transaction clears. Sometimes you can buy them instantly and then trade them instantly it just depends on your account. When you are making the transaction, it will tell you right then, how long the hold on the coins will be if there will be a hold, and which portion can be moved/traded instantly.
Thank you, this was helpful.
You are welcome!
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...
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.
@@MattTaylorVariety Gotcha! Maybe pancake/uni swap, MetaMask , trust wallet or whichever tools you utilize to help us newbies ...
@@L1GHT119 Yeah I could probably do a video on those. Like, how to set up a MetaMask wallet.
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?
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 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
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.
Thank you so Much... you really made me wanna Mining the Ethereum Minings Now i know how to transfer into a real money Yay!
You are very welcome! :)
thx mr chef! direct and informative as usual ;-)
You are very welcome and thank you! :)
Which bank are available??
Is paypal available??
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.
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!
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.
Thanks chief...
You are so very welcome!! :) :)
Good job, quick and too the point.
Thank you so much!
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?
Hi there, not all countries are supported for every function. You need to review this list to see: www.coinbase.com/places
Does this also apply to a foreign bank account ?
Hi there, it depends on the country. Check this to see if you country is listed and what services are supported there: www.coinbase.com/places
After so much effort trying to change my non spendable bitcoins,only hacktivists1_ via lG was able to get it done. I recommend him
So simple straight to the point thank you 😂👍
Glad you liked it! You are welcome!
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 🤔
You would need to contact your bank I imagine.
Very precise, easy to follow,, nothing like KISS, life should only be so easy! Very nice presentation.
Thank you so much, Robert!! :)
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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.
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.
Thanks
@@marioq2759 You are welcome, Mario! :)
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?
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.
@@MattTaylorVariety Yes it did. First time was a charm. Thanks for the push!
@@TimothyHeaps You are very welcome! so glad it was helpful.
I thought coinbase pro has the lesser fees? Do I need to sell on coinbase or can I sell on coinbase pro? Thank you
Hi Jacob, this is an older video. Watch this one: ua-cam.com/video/aJ3QaI4LuyI/v-deo.html. it is cheaper to sell on coinbase pro
@@MattTaylorVariety thank you! Just got into this crypto so trying to learn as much as I can! I appreciate it
@@jacobshanholtzer5532 You are welcome! Have you done any of the coinbase earn lessons? You can earn free crypto by learning about new crypto. Here is the invite link for a crypto called Compound. coinbase.com/earn/comp/invite/vj8x2wrc
And here are lessons for XLM coinbase.com/earn/xlm/invite/d0nj8br9
@@MattTaylorVariety thank you I'll check these out after work have a blessed day!
Thanks. I’m new to crypto.
You are welcome, William! :) Have fun, it can be awesome, but also heart breaking, haha.
sir. whatever price you cash out will be the same that will transfer to your bank account? is that how it works?
Yes, minus any small fees.
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.
@@MattTaylorVariety yeah that would be for service fees.
@@carlotheatheist Fun! Good luck with your mining rig. Glad you found this video helpful. :)
@@carlotheatheist Yeah, it is hard to get around service fees haha.
Do you have to put in some money to do this ?
No, this is if you already have crypto and want to turn it back into cash. The process is different a little different if you want to buy crypto. 👍
@@MattTaylorVariety ohh ok thank you but can you still withdraw money if you don't have any money to invest?
@@sammithegoat880 No you can't withdraw money if you don't have any. You have to have crypto in your coinbase wallets before you can cash them out.
@@MattTaylorVariety ohh thank so much very understandable I went to the right person do you have any social media so I could contact u on more info?
@@sammithegoat880 No problem! my twitter is. @mrchef111
How much di they charge to convert $3,500 btc to USD?
You can read all about how they charge here: support.coinbase.com/customer/en/portal/articles/2109597-coinbase-pricing-fees-disclosures
Can you cash out $20 million in one setting?
Hi there! You can sell up to $20 million with one transaction. BUT, you can only withdraw up to $50k per day. See this info: pro.coinbase.com/markets and help.coinbase.com/en/pro/trading-and-funding/trading-rules-and-fees/limits
So do you connect your bank account to your coinbase?
Hello, yes you can if you live in a country that supports that feature. www.coinbase.com/places
Is there a limit on how much you can withdraw?
Yep there is a limit. I believe the daily limit is $10,000. So it is pretty high.
@J J lol I would be happy with 1 million in a year! lol
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To Register, start funding and earn good profits now.
Whats the exchange rate like? How far off the market rate is it?
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.
@@MattTaylorVariety great thank you!
@@benboyce8792 You are welcome!
Great tutorial
Thank you, Marc!!
What if our coin isn’t on the app
Then you need to use a different exchange. First you need to use an exchange that you can link up to your bank account. Coinbase only links up to certain countries, bank accounts. This is the list of countries supported and what features they provide: www.coinbase.com/places. But let's say you have an Altcoin not on Coinbase, but it is on binance.us and you live here in the States. You can convert your coin over on Binance to bitcoin or Ethereum and then transfer that to Coinbase, and cash it out, does that make sense?
What's the daily highest daily withdrawal?
$10k but you can be considered for higher daily limits. You just need to apply for it.
Thanks.
@@grock5209 You are welcome!
Thanks. Very clear and easy to understand.
You are very welcome!! :) Glad it was helpful for you.
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??
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.
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
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
Hello! When you do that selling procedure, who or what do you Sell the ETH to? Im confused
You Sell ETH for USD or ETH for your fiat in your country as long as their is a pairing for it.
@@MattTaylorVariety I thought there needed to be someone on the opposite end of the transcaction that wanted to aquire the crypto currency
@@FBarbosa7 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.
Do you have any idea on how to cash out sumcoin
Hi Tina, it depends on where you live. But wherever you bought it, you would have to convert it to BTC or something, and then send it to an exchange like Coinbase where you can connect your bank details.
@@MattTaylorVariety thank you my ex got it from a so called friend then we split it. And I'm stuck because no atm and I live in idaho. Thank you for answering me.
@@tinac3473 Ahh, yeah I am not sure where sumcoin is even listed. Where is your sumcoin now? Is it on an exchange or in a desktop wallet or something? It looks like sumcoin is listed on STEX. You can sign up for an account there, and send your sumcoin to the sumcoin wallet on STEX. Then sell it for BTC. Then send the BTC to coinbase. :)
@@tinac3473 app.stex.com/en/trading/pair/BTC/SUM/1D
☝️ sell to him and get credited within 5 to 10 min of confirmation
how safe is USD wallet ?
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.
Clear everything. Can I withdraw the money to payoneer receiving accounts ? Please tell me how to do it
Thanks, I don't know you will have to review Coinbase.
Excellent video, Matt. Thank you. 👍🏼
Thank you so much, Mark!! You are welcome. You might like this video as well :) ua-cam.com/video/aJ3QaI4LuyI/v-deo.html
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??
Sorry just saw this comment. Did you ever get it figured out?
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
Can you withdraw the money to a bank account in Sweden?
Yes, I believe Sweden is now supported by Coinbase.
U made this understandable
Glad you were able to understand. 👍
Great video and very helpful. Thanks
Thank you!! :) Glad you liked it and that is was helpful for you.
Can we just withdraw only a maximum of $200? What happen If I want withdraw $800 for example and how much will be the cost?
No the maximum is higher than $200. Well I guess it may depend on the country that you live in. Here is the info on the fees: help.coinbase.com/en/coinbase/trading-and-funding/pricing-and-fees/fees.html
The max is like $10k a day. help.coinbase.com/en/pro/trading-and-funding/trading-rules-and-fees/limits.html
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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.
U the only that helps, how do I sell shib from metamask ? Please
Hi there, it looks like you can swap it on UniSwap. Go to uniswap.org/ and connect your metamask wallet.
@@MattTaylorVariety but uniswap is not legal in USA
@@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/
Can we do this from binance?
I believe so, I am in the US, we can't use Binance, but we can us Binance.US. You can cash out with Binance.US as well. As long as you have your bank connected.
You could just sell it on Coinbase pro Then transfer to Coinbase usd wallet and from there to bank.....
Yep absolutely! I have another version talking about that :) ua-cam.com/video/aJ3QaI4LuyI/v-deo.html
Matt Taylor Variety 🤗🙂👌
why didn't you sell on coinbase pro to avoid the 2.99 fee and then transfer your usd funds to coinbase and then transfer to your bank?
You certainly can do that, but not everyone is going to use coinbase pro, although I added the extra step of sending ethereum from coinbase pro to coinbase. This was meant to be a super basic video. I am guessing a lot of people are just going to use the basic coinbase and not even use coinbase pro, buy some bitcoin or ethereum, or whatever else is offered and then hold it and sell it back. But like you said I probably should have shown both ways, could be an incentive for more people to use coinbase pro. 👍
@@MattTaylorVariety no worries you did a great job explaining 👍
@@ovsupermanvo thanks I appreciate it! :)
Hey is it beneficial to use Coinbase wallet if the Coinbase app already allows me to deposit and cash out on there?
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.
Matt Taylor Variety ok !👌🏾 thanks
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?
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.
@@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
@@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.
how can i send eth to coinbase from my eth wallet?
I haven't used an ETH wallet, but like most wallets you just need your coinbase eth address. Then paste that in the "Send to/Recipient" address when setting up a transaction in your ETH wallet. Whenever trying a transaction that is new to you, also do a "test" with a little amount to make sure it goes through.
@@MattTaylorVariety thank you for the help it worked and i was able to cash out all my eth to my paypal account
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 ?
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.
Matt Taylor Variety Bank of America?
Thanks I thought it would be instant I got scared because it said compelerse on Coinbase and I thought I had messed up !!!!
@@mRmakeithappen123 I don't bank with Bank of a America, so I am not familiar with how they operate.
is there a wallet that supports paypal?
PayPal itself. Here is more info www.paypal.com/us/webapps/mpp/crypto
@@MattTaylorVariety 😳i will try hopefully it supports nicehash
@@m7mdmq598 I am sure there are more out there. :)
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?
This list gives you what countries are supported and what options they allow: www.coinbase.com/places
Matt Taylor Variety thank you so much I’m really struggling. 😪
@@gideongee9829 You are welcome!
I can’t sell my cryptocurrency? It says user not able to sell, anyone tell me why?
Hi Toby! First off, what country do you live in? Not every feature is available for every country.
@@MattTaylorVariety England
@@MattTaylorVariety does this mean I’ve wasted money?
@@tobyluxford6740 Oh not at all. If you have to you can always transfer your crypto to another exchange. But it looks like the UK is completely supported www.coinbase.com/places
@@MattTaylorVariety ok sweet so is it normal for it to say user not able to sell?
thanks for the tutorial
You are very welcome! :)
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
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.
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
2.99 seems like a REALLY high selling fee. Are there any free alternatives?
Hi Nik! Watch this video ua-cam.com/video/aJ3QaI4LuyI/v-deo.html&pbjreload=101, I made it a few months after this one the fees are less. Most exchanges charge a fee for doing the transaction. But if you find one that is totally free and does everything you want it to, awesome. I am not aware of any though.
Coinbase don't support sumcoin, so not sure how I can trade it out for btc
Where did you buy sumcoin? You have to find an exchange that lists sumcoin, and sell it for something like bitcoin and then send that bitcoin to coinbase. Sell the bitcoin for cash and then cash out.
@@MattTaylorVariety from bosie idaho
The main person was ty but I've called almost all the ATM and nobody support sumcoin
@@tinac3473 You have to create an account on STEX. which is an exchange. Send your sumcoin there to your sumcoin wallet, which automatically gets set up for you when you create the STEX account. Then trade it for BTC. Then send the BTC to Coinbase and sell it for USD to cash it out to your bank.
@@MattTaylorVariety thank you I sure appreciate it
is it good to convert from crypto to usd in order to reinvest in another cryptocurrency, not taking it out to your bank account?
Hi Susan, it really depends. If you already have a trading pair for that other crypto, there isn't a need to convert to USD first. For example, if you have Bitcoin and you want to buy Ethererum. No need to trade bitcoin for USD and the use that USD to buy Ethereum. You would just use the Bitcoin to buy the Ethereum. :)
@@MattTaylorVariety Are there fees when buying one crypto with another crypto?
@@PopslovesAU Hi Danny! Yes most of the time there is a small transaction or network fee for trading one crypto for another.
How much we can withdraw
I think the limit is like 50k a day or something like that.
☝️ sell to him and get credited within 5 to 10 min of confirmation
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?
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.
Great initiative, I have already explained it to those around me
now I'll just have to send them the link !!
Thanks!! :)
I am not seeing an option for accounts on the website of Coinbase. Is this because I am using my mobile device
Hi! on the mobile to find your accounts click on the three lines in the top right corner, then click on portfolio. :)
Will this work to withdraw money to my bank account if Iive in Sweden and have a Swedish bank account?
Hi there! You will have to check this: www.coinbase.com/places to see if Sweden is on the list.
Thank you!
You are welcome, Deina!
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?
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"