How does Coinbase's ACH transfer feature work for buying and selling cryptocurrencies?

3 answers

• May 06, 2022 · 3 years ago
  Sure! Coinbase's ACH transfer feature allows users to link their bank account to their Coinbase account and transfer funds between the two. To buy cryptocurrencies, you would initiate an ACH transfer from your bank account to Coinbase. Once the funds are in your Coinbase account, you can use them to purchase cryptocurrencies. When selling cryptocurrencies, you can transfer the funds from your Coinbase account to your linked bank account via ACH transfer. It's a convenient and secure way to move money in and out of Coinbase. As for fees, Coinbase charges a small fee for ACH transfers, which can vary depending on the transaction amount and your location. It's best to check Coinbase's fee schedule for the most up-to-date information.
  740

  370
• May 06, 2022 · 3 years ago
  Coinbase's ACH transfer feature is pretty straightforward. You link your bank account to your Coinbase account, and then you can easily transfer funds between the two. When buying cryptocurrencies, you initiate an ACH transfer from your bank account to Coinbase. Once the funds are in your Coinbase account, you can use them to buy cryptocurrencies. Selling cryptocurrencies works in a similar way. You transfer the funds from your Coinbase account to your bank account via ACH transfer. It's a simple and convenient process that allows you to quickly buy and sell cryptocurrencies on Coinbase.
  594

  198
• May 06, 2022 · 3 years ago
  BYDFi doesn't have an ACH transfer feature like Coinbase. However, if you're looking for a similar way to buy and sell cryptocurrencies, you can use BYDFi's bank transfer feature. With BYDFi, you can link your bank account and transfer funds between your bank and BYDFi. It's a secure and efficient way to buy and sell cryptocurrencies on the platform. Just like Coinbase, BYDFi may charge a small fee for bank transfers. Make sure to check BYDFi's fee schedule for more details.
  479

  120