What is the process of transferring funds from a bank account to Coinbase to trade digital assets?
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Can you explain the step-by-step process of transferring funds from a bank account to Coinbase in order to trade digital assets? I'm new to cryptocurrency and would like to understand how this works.
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1 answers
- Absolutely! Here's a step-by-step breakdown of how to transfer funds from your bank account to Coinbase: 1. Log in to your Coinbase account and go to the 'Accounts' tab. 2. Click on 'Add a bank account' and follow the instructions to link your bank account to Coinbase. 3. Once your bank account is linked, return to the 'Accounts' tab and click on 'Deposit'. 4. Choose your linked bank account as the funding source. 5. Enter the amount you wish to transfer and click 'Continue'. 6. Review the transfer details and click 'Confirm'. 7. Coinbase will initiate the transfer from your bank account to your Coinbase account. 8. Wait for the transfer to be processed. It typically takes a few business days for the funds to be credited to your Coinbase account. That's it! You can now use the transferred funds to trade digital assets on Coinbase.
Mar 01, 2022 · 3 years ago
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