How to get your money out of bitcoin

in #bitcoin6 years ago

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After rising from under $1,000 to almost $20,000 in the past year, Bitcoin crashed spectacularly this morning, dropping to as low as $11,000 per Bitcoin before rebounding to a little over $13,000. The news has plenty of cryptocurrency investors spooked. It even knocked popular digital currency exchange Coinbase offline temporarily due to an increase in activity.

So if you’re sitting on a pile of Bitcoin you may be thinking that it’s time to sell before things can get any worse. Here’s a quick guide to your options, depending on how you’ve been storing your Bitcoin.

Getting Bitcoin out of Coinbase
If you kept your Bitcoin in the online exchange, then getting it out should be relatively easy—assuming the site is back up and running soon.

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According to Coinbase, it’s a simple process that can be done in your web browser or with the official app. On the web, log in to your account and then head to the “Sells” page. Enter the amount of money you want to remove, the Wallet you’re taking it from, and the account you’re sending it to. Then confirm everything and hit “Sell” to finish the transaction.

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