How long does it take to sell Bitcoin on Coinbase?
George As a beginner trader, you want to know the basics of investing in crypto. It is important to understand how to withdraw your funds and what the process is like. So, you might be wondering – how long does it take to transfer bitcoin? Check out our overview that answers all your questions!
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How Long Does it Take to Transfer Bitcoin?
The crypto industry is still in its infancy. Bitcoin entered our lives in 2009, slowly paving the way for crypto trading. Although the sector is still emerging, the progress has been impressive over the past few years. This means that withdrawing crypto has gotten quite effortless and quick.
How long does it take to transfer bitcoin to your bank account? This depends on the exchange and withdrawal method you are using. Withdrawal fees and times are other crucial things to note about an exchange. You can read more about fees and withdrawal timelines in our guide on How Do I Transfer Bitcoin to My Bank Account? Some of the top exchanges have made this process very user friendly.
For instance, with CoinMetro you can withdraw money via a SEPA payment. The funds appear on your bank account swiftly. We are talking about the same or the next business day.
Withdraw
Let’s move on to the next step. As you probably already know, crypto doesn’t have as many use cases as fiat does. So, you most likely need to convert your crypto into something else. There are many conversion options. You can check out our guide on Can Bitcoin be Converted to Cash? to read more about this.
So, how do you convert your crypto back into fiat? This step differs a bit depending on where you store your crypto.
If you keep your crypto in a hardware wallet, you first need to transfer it to your exchange. Once that has been done, it is time to sell your crypto. The good news is that this process is very intuitive. You simply need to use the buy and sell a form of the exchange and specify how much you’re selling. If you’re trading on CoinMetro, there is no commission on top of the fixed price. After doing this, you now have fiat funds on your account.