Coinbase is one of the largest crypto exchanges, providing a platform to buy, sell, and trade popular coins like Cardano’s ADA. However, some users encounter issues selling Cardano on Coinbase, with the sell button greyed out or sales failing.
If you’re wondering “why can’t I sell my Cardano on Coinbase?”, this comprehensive guide will explore the main reasons for this problem and how to troubleshoot it.
Advantages of Selling Cardano on Coinbase
First, let’s look at some of the key benefits to selling Cardano on Coinbase:
- Quickly convert your Cardano to cash or other cryptocurrencies
- Low competitive trading fees of 0.50% or less per transaction
- Smooth intuitive interface makes selling easy
- Top security and compliance standards
- FDIC insurance protection for cash balances
- Instant withdrawal of funds after sale
- Wide range of alternative coins to exchange into
For many, Coinbase is the go-to platform for selling Cardano holdings.
Understanding Cardano Listing on Coinbase
Coinbase first listed support for buying, selling, and holding Cardano’s ADA token back in March 2021.
Since listing, Coinbase has enabled:
- Trading on Coinbase website and mobile apps
- ADA storage on Coinbase wallet and custody
- Ability to send or receive ADA from external wallets
So core buying/selling capabilities exist for Cardano, if you can get past restrictions.
Reasons You May Be Unable to Sell Cardano
Here are the most common reasons you may find yourself unable to sell Cardano holdings on Coinbase:
To access full trading features, you must complete identity verification on Coinbase by providing personal details and documents.
Trading Disabled Country
Trading of Cardano is disabled for users residing in certain countries due to local regulations.
Outstanding deposits or withdrawals can temporarily restrict ability to sell while the transactions get processed.
Low Account Balance
A minimum account balance is needed to place sell orders on Coinbase. This is usually around $2 USD equivalent in your currency.
Routine platform maintenance can occasionally cause temporary disruptions to buying/selling functionality.
Understanding why selling is blocked allows troubleshooting the root cause.
How to Troubleshoot and Fix Selling Issues
If you encounter problems selling Cardano on Coinbase, here are troubleshooting tips:
Complete Account Verification
Ensure you have completed full identify verification per Coinbase requirements to unlock trading.
Use Coinbase Pro Exchange
Try selling on Coinbase Pro exchange, which has fewer usage restrictions once KYC completed.
Check Location and Restrictions
Review if Cardano trades are disabled for your country. Consider using a VPN to bypass geoblocks if absolutely needed.
Retry After Pending Transactions Finish
Allow any open deposits, withdrawals, or transfers to fully settle before attempting to sell.
Add Funds to Account
Deposit crypto or cash to top up your balance above the minimum account value threshold needed for trading.
Try Again Post-Maintenance
Scheduled platform maintenance concludes fairly quickly. Try selling again immediately after.
Following these steps will resolve most problems selling Cardano on Coinbase.
Avoiding Cardano Selling Problems
Use these proactive practices to prevent issues selling Cardano:
- Maintain a sufficiently funded Coinbase account to cover trades.
- Cash out Cardano holdings to external wallet prior to traveling to banned regions.
- Enable two-factor authentication for account security.
- Routinely check for status updates on platform availability.
- Confirm transaction completion before attempting additional trades.
- Double check account trading permissions are active.
Planning ahead helps minimize selling disruptions.
Cardano Selling on Coinbase FAQs
Here are answers to some frequently asked questions:
Why can’t I sell or withdraw my Cardano on Coinbase?
Typical reasons are unverified account, pending transactions, low balance, maintenance, or trading bans for your country.
Does Coinbase charge a fee to sell Cardano?
Yes, Coinbase charges a variable transaction fee when selling or buying Cardano, typically around 1%.
Can I sell Cardano immediately after buying on Coinbase?
In most cases, there is no holding period to sell newly purchased coins. But funds must fully clear before withdrawals.
What happens if my Cardano sale gets stuck on Coinbase?
Try refreshing the page or app, double checking your transaction details, and waiting for stuck orders to timeout after a few minutes.
How long does it take to sell Cardano on Coinbase?
If no issues, Cardano sales happen instantly. The cash from your sale will be available to withdraw in 1-3 business days.
In summary, while there are some common obstacles that can prevent selling Cardano on Coinbase, solutions exist in most cases such as completing identity verification, managing account balances, checking for platform maintenance, and working around trading restrictions. Understanding the nuances of the Coinbase platform enables smooth sailing when liquidating your investment in Cardano.Sharing Is Caring: