You can still buy, sell, and trade within Coinbase. However, you'll need to wait until any existing Coinbase account holds or restrictions have expired before you can cash out with your bank account. Withdrawal-based limit holds typically expire at 4 pm PST on the date listed.
Since your local currency is stored within your Coinbase account, all buys and sells occur instantly. Cashing out to your bank account via SEPA transfer generally takes 1-2 business days. Cashout by wire should complete within one business day.
There could be several reasons why someone might not be able to sell their bitcoin on Coinbase. Some possible reasons could include account restrictions, issues with the blockchain, or problems with the payment method linked to the account.
Potential issues
Note: It's possible that your account has been temporarily disabled or that buy/sell services have been disabled. If your account isn't recognized as a trusted payment source, you may not be able to buy crypto and add cash on your account.
Coinbase allows residents in Australia to purchase Bitcoin using a debit card, however does not provide the option to sell Bitcoin back to AUD. Bitcoin owners in Australia that used Coinbase will need to transfer the asset to a local exchange that supports withdrawals to an Australian bank account.
Digital currencies, cryptocurrencies, and cryptocurrency exchanges are all legal in Australia, which is why a Coinbase is also legal in Australia.
The best way to sell large amounts of crypto is through an OTC (over-the-counter) transaction. An OTC transaction occurs when a private buyer and private seller are connected by a broker to facilitate the trade.
It's directly related to purchasing crypto or adding cash in local currency using a linked bank account. For security reasons, you won't be able to immediately cash out your local currency using a linked bank account or send crypto purchased with such funds off of Coinbase (we call this “cashout availability”).
There are no maximum withdrawal limits on Coinbase Commerce—you can withdraw all funds at any point.
If you cannot complete the ID verification process, you will have to wait 72 hours for the send to initiate. Please contact us if you ever see any suspicious activity on your account.
CoinSpot is Australia's largest and most secure cryptocurrency exchange, but Coinbase is the largest trading platform in the United States. CoinSpot is a better overall exchange as it is tailored to suit the needs of Aussie investors. CoinSpot is the best and most secure cryptocurrency exchange in Australia.
There is no way to sell your crypto on Coinbase, and you also cannot withdraw AUD from the account. Fees: CoinSpot has much lower fees to purchase cryptocurrency, with free deposits and withdrawals of AUD as well. It is the clear winner when it comes to fees.
For US customers, you'll need to have a valid payment method (like a bank account or debit card) linked to your PayPal account to buy cryptocurrency, or add cash through your PayPal account. Prepaid cards, business cards, and credit cards linked to your PayPal account are not currently supported by Coinbase.
At the end of the day, you have 5 options: a cryptocurrency exchange, an OTC brokerage, peer-to-peer exchanges, Bitcoin ATMs, and crypto gift cards. These are the most commonly used, and ultimately, the best way to cash out Bitcoin will depend on your specific needs and circumstances.
Funds reserved for open orders are placed on hold and considered encumbered. Additionally, funds reserved to satisfy margin requirements for open futures positions will not be available to trade or withdraw.