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Thread: Bitcoin to cash question

  1. #1
    Join Date
    May 2018
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    107

    Bitcoin to cash question

    If I get coinbase (or any other cryptocurrency exchange like https://cryptolinks.com/cryptocurrency-exchange ) and someone pays me in bitcoin can I sell the bitcoin back to coinbase and get the cash ? How exactly does that work ? Also I take it I have to claim it for taxes too right ? Thx

  2. #2
    Join Date
    Dec 2018
    Location
    NE
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    98
    Quote Originally Posted by Oliver47 View Post
    If I get coinbase (or any other cryptocurrency exchange like https://cryptolinks.com/cryptocurrency-exchange ) and someone pays me in bitcoin can I sell the bitcoin back to coinbase and get the cash ? How exactly does that work ? Also I take it I have to claim it for taxes too right ? Thx
    You can sell and transfer to bank account from coinbase. Use a blockchain wallet as me diary to and from CB.

  3. #3
    Join Date
    Mar 2008
    Location
    L.A
    Posts
    24,626
    Correct you just have to link your account

  4. #4
    Join Date
    Apr 2019
    Posts
    129
    I'm glad that I've found this thread. I've recently started using coinbase wallet and also need to find out about getting cash. I've already looked through the reviews https://revain.org/wallets/coinbase-wallet, but it is good to learn from other people's experiences. Thanks!

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