Post
Topic
Board Beginners & Help
Re: How should I cash out now that Coinbase wont allow me to?
by
Beparanf
on 30/11/2020, 18:01:05 UTC
Hi,

I've got a bit of a problem in that I have a hard wallet, a Binance account and a Coinbase account which I have my crypto spread across but I've had an email from Coinbase informing me that I'm not able to deposit or withdraw money any more and I'm not allowed to exchange Crypto for FIAT. They gave no reasoning and  have not responded to my support request 2 days ago.

Considering that Binance wont allow you to withdraw money to FIAT I'm in a situation where I have no method of transferring my Crypto into Fiat and withdrawing my funds.

What would be my best option for allowing me to get my money back into my bank account should I need to?

Thanks

What currency are you using? Do you try already Binance P2P trading? This is what I used to cash out my money in to Fiat. That's your best option to convert your crypto into Fiat.

You can post trade offer on other P2P exchange like localbitcoin or the bitcointalk marketplace>currency exchange. Your best choice is to trade your crypto in to PayPal, Skrill and Moneygram


Binance P2P: https://p2p.binance.com/en

Thanks, unfortunately they're not letting me transfer to my Paypal account either for now.

So, I could send my Crypto to Skrill or Moneygram then convert it to GBP and withdraw to my bank account from there?
Yep. But you should try first binance P2P if you still have balance trap there. It's convinient to use. Check out the link I attached above before you try the other P2P platform. If you decided to used bitcointalk currency exchange section. You should hire escrow when dealing on low rank / untrusted account. Always check trust feedback before dealing to any user there.