How to Sell Bitcoin on Coinbase Wallet

Selling Bitcoin on Coinbase Wallet can be a straightforward process if you follow the right steps. Here’s a detailed guide to help you navigate through the process. Coinbase Wallet is a self-custody wallet, meaning you have control over your private keys, but it’s distinct from Coinbase.com, the exchange platform. To sell Bitcoin on Coinbase Wallet, you will need to transfer your Bitcoin to Coinbase.com where you can sell it. Here’s a step-by-step guide:

1. Set Up Your Coinbase Account:
   Before you can sell Bitcoin, you need to have an account on Coinbase.com. If you don’t already have one, sign up on their website and complete the necessary verification steps. This will include verifying your identity and linking your bank account for withdrawals.

2. Transfer Bitcoin to Coinbase.com:

   • Open Coinbase Wallet: Launch the Coinbase Wallet app on your mobile device.
   • Select Bitcoin: Find and select Bitcoin from your wallet.
   • Choose Send: Tap on the 'Send' button to initiate the transfer.
   • Enter Coinbase.com Address: You need to send your Bitcoin to your Coinbase.com account. To get your Coinbase.com Bitcoin address:
     • Log in to your Coinbase.com account.
     • Go to the 'Portfolio' section and select Bitcoin.
     • Click on 'Receive' to generate a Bitcoin address.
   • Confirm Transfer: Copy the address from Coinbase.com and paste it into the recipient field on Coinbase Wallet. Enter the amount you wish to transfer and confirm the transaction.

3. Wait for the Transfer:
   Bitcoin transactions can take some time depending on network congestion. Check the transaction status in your Coinbase Wallet app to see when it is confirmed.

4. Sell Bitcoin on Coinbase.com:
   Once your Bitcoin has arrived in your Coinbase.com account:

   • Log in to Coinbase.com and navigate to the 'Portfolio' section.
   • Select Bitcoin and click on the 'Sell' button.
   • Choose the amount of Bitcoin you want to sell and the payment method (bank account, PayPal, etc.).
   • Confirm the details and complete the sale.

5. Withdraw Funds:
   After selling your Bitcoin, the funds will be available in your Coinbase.com account. To access the cash:

   • Go to the 'Portfolio' section and select your fiat currency (e.g., USD).
   • Click on 'Withdraw' and choose your withdrawal method.
   • Enter the amount you wish to withdraw and confirm the transaction.

6. Check Your Bank Account:
   Funds should be transferred to your linked bank account or payment method. The time it takes to process the withdrawal will depend on your bank and withdrawal method.

Tips for Selling Bitcoin

• Verify Addresses: Always double-check the recipient address when transferring Bitcoin to avoid sending it to the wrong address.
• Check Fees: Be aware of any network fees for transferring Bitcoin and transaction fees on Coinbase.com.
• Security: Ensure your accounts are secured with strong passwords and two-factor authentication.

Troubleshooting

If you encounter issues:

• Transaction Delays: If the Bitcoin transfer is taking longer than expected, check the transaction status on a Bitcoin blockchain explorer.
• Account Issues: Contact Coinbase support if you face issues with your account or transactions.

By following these steps, you should be able to successfully sell Bitcoin using Coinbase Wallet and Coinbase.com. It’s a good practice to familiarize yourself with the platform’s interface and fees to make the process smooth and efficient.