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Is it possible to deposit cash into my Coinbase account and convert it into Ethereum?

penguinMay 08, 2022 · 3 years ago1 answers

I'm new to Coinbase and I'm wondering if it's possible to deposit cash into my Coinbase account and then convert it into Ethereum. Can I directly deposit cash or do I need to use a bank transfer? How does the conversion process work?

1 answers

  • May 08, 2022 · 3 years ago
    Yes, you can deposit cash into your Coinbase account and convert it into Ethereum. Coinbase supports various deposit methods, including bank transfers and debit/credit card deposits. To deposit cash, you can link your bank account to Coinbase and initiate a bank transfer. Once the cash is deposited, you can convert it into Ethereum by selecting the Ethereum trading pair and specifying the amount you want to convert. Coinbase provides a seamless conversion process, allowing you to easily switch between different cryptocurrencies. However, keep in mind that there may be fees associated with certain deposit and conversion methods, so it's important to check Coinbase's fee schedule for more information.