What are the steps to take in order to short Bitcoin on Coinbase?

1 answers

• May 03, 2022 · 3 years ago
  Shorting Bitcoin on Coinbase is a popular strategy for traders looking to profit from a decline in Bitcoin's price. Here are the steps to short Bitcoin on Coinbase: 1. Open a Coinbase account if you don't have one already. 2. Complete the verification process and deposit funds into your account. 3. Go to the 'Trade' section and select 'Sell'. 4. Choose 'Bitcoin' as the cryptocurrency you want to sell. 5. Enter the amount of Bitcoin you want to sell. 6. Select the currency you want to receive for your Bitcoin. 7. Review the transaction details and click on the 'Sell' button to confirm the trade. 8. Wait for the trade to be executed and the funds to be credited to your account. Please note that shorting Bitcoin involves risks, and it's important to have a clear understanding of the market and your trading strategy before engaging in short selling.
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