Title: Getting money/coins out of Coinbase Post by: sjobs12 on January 24, 2018, 03:50:38 PM I created an offline wallet in Coinbase. I have some Ethereum coins in the account. I printed the document and kept it with me. There are six sections on the document:
MyVault Vault backup Recovery Instructions Shared key Shared key wallet recovery Coinbase key General Information My question is, if I wanted to sell my coins and bring the money to my bank's account, what would be the process? Really appreciate anyone who answers. Title: Re: Getting money/coins out of Coinbase Post by: mobnepal on January 24, 2018, 04:23:22 PM Coinbase is not a true crypto wallet so first you shouldn't store your coins there.
You can keep those ETH in exodus, jaxx, metamask like wallets rather than in coinbase as they don't give you full access to your coins and they can froze your account anytime without prior warning. Whenever you want to cashout your ETH, transfer it from those wallet to coinbase -> sell it -> withdraw cash to your bank account if they support your country. Title: Re: Getting money/coins out of Coinbase Post by: teddy5145 on January 24, 2018, 04:28:21 PM If you want to sell your Ethereum from paper wallet, first you will need to import your paper wallet into Ethereum wallet/Coinbase Wallet.
I've never used Coinbase Paper Wallet, but from my understanding you will need to use your Coinbase Key on your Coinbase Account, if done successfully you should be able to recover your Ethereum inside your Coinbase Account, if you don't know how to recover the ethereum you can read "Recovery Instructions" Section. If you want to sell them, you will need to send those ethereums into an exchange such as Bitfinex, Hitbtc. etc Other option is to use Coinbase instant exchange https://support.coinbase.com/customer/en/portal/articles/2021569-instant-exchange My Knowledge regarding Coinbase are limited as I don't use them anymore, so others might have more decisive answers than mine :) Title: Re: Getting money/coins out of Coinbase Post by: solarion on January 24, 2018, 04:51:18 PM Coinbase is not a true crypto wallet so first you shouldn't store your coins there. You can keep those ETH in exodus, jaxx, metamask like wallets rather than in coinbase as they don't give you full access to your coins and they can froze your account anytime without prior warning. Whenever you want to cashout your ETH, transfer it from those wallet to coinbase -> sell it -> withdraw cash to your bank account if they support your country. I am using coinbase wallet since 2 years and using to save the money in this time period. I didn't find even single issue with the coinbase. Every wallet users really fear about they don't share the private key for their users. Still they were under the rules accepted with the US government and running site for long time. I don't know how he uses that as the offline wallet. I think he mean to say that using vault. As of now they are supporting 4 cryptos alone. This private key issue is for all the coons wallet. Title: Re: Getting money/coins out of Coinbase Post by: jtipt on January 24, 2018, 04:58:55 PM Coinbase is not a true crypto wallet so first you shouldn't store your coins there. You can keep those ETH in exodus, jaxx, metamask like wallets rather than in coinbase as they don't give you full access to your coins and they can froze your account anytime without prior warning. Whenever you want to cashout your ETH, transfer it from those wallet to coinbase -> sell it -> withdraw cash to your bank account if they support your country. I am using coinbase wallet since 2 years and using to save the money in this time period. I didn't find even single issue with the coinbase. Every wallet users really fear about they don't share the private key for their users. Still they were under the rules accepted with the US government and running site for long time. I don't know how he uses that as the offline wallet. I think he mean to say that using vault. As of now they are supporting 4 cryptos alone. This private key issue is for all the coons wallet. |