How To Move Funds Into Or Out Of Coinpayments

OK, you now have commissions in your CoinPayments account.
Obviously, you will want to move your commissions
TO your bank account!

Or... maybe you want to use funds FROM your bank account or credit card, to BUY BitCoin or some other crypto currency?

Coinpayments does not actually allow you to do that!

Why bother with Coinpayments if it does not allow you to do that?  There is a very good reason.   Some of the popular sites which interface with your bank or credit card, do not want to do business with the marketing or MLM niches and they have been known to tell marketers to take their funds out and get lost!  You don’t need those sorts of hassles!  And that is why many sites in our internet marketing niche use Coinpayments.  It simply allows you to exchange crypto currency payments with other people, without complications.

So, to get your funds into or out of your bank account or credit card, you need to take another step.

Let’s say you have received your commissions from your business opportunity. Now you have Bitcoin sitting in your Coinpayments account.  How are you going to turn that into actual dollars in your bank account?

You'll need to open a second account at Coinbase.

(CoinBase services many countries, and there are similar sites in other countries.  Australia and the UK, for example, have Coinjar.)

After you join Coinbase, you will need to verify your identity, and then you will be able to link a bank account or credit/debit card.

You can use the credit/debit card to BUY Bitcoin or other crypto currencies.  AND... you can also SELL your crypto currency for dollars at Coinbase, and the dollars will be sent to to your linked bank account.

In other words, CoinPayments acts as the "receiver" for your commissions.  But your commissions are in Bitcoin, NOT dollars in your bank account!

Coinbase is the "converter" for your Bitcoin;  it enables you to convert the Bitcoin you received in your Coinpayments account into dollars.

Then, after Coinbase has converted your Bitcoin into actual dollars, you can transfer the dollars into your bank account.

How To Move Funds FROM Coinpayments TO Coinbase, and Then To Your Bank Account!

At this time, Coinbase accepts the following cryptocurrencies-----

• Bitcoin,

• Bitcoincash,

• Ethereum,

• Ethereum Classic,

• Litecoin,

• OX,

• ISDcoin,

• BasicAtentionToken,

• ZCash,

• XRP,

• StellarLumens

-----so your funds will need to be in one of those "currencies" before you can receive them.

So... let’s say you have received commissions (in the form of Bitcoin) into your CoinPayments account, and you want to change it into dollars and put it in your bank account.

Here's what to do;  it's a simple 3-step process:

STEP 1, of 3:  First, do this in Coinbase:

Login to your Coinbase account at Coinbase.com
You will be on the "Dashboard" page.

Near the upper left corner of the "Dashboard" page, you will see a horizontal row of five text links.

Click the third text link from the left, labeled "Accounts."  Along the left side of the "Accounts" page you will see all the coin "wallets" listed.

Go to the Bitcoin wallet (labeled "BTC Wallet").
Below and to the right of your "BTC Wallet" is a "Send" and "Receive"  button.

Click the "Receive" button.

In the center of the page a popup will appear with the text stating the following warning...

"Only send Bitcoin (BTC) to this address.  Sending any other digital asset, including Bitcoin Cash (BCH), will result in permanent loss."

On the popup, click the rectangular blue "I Understand" button.

Another popup will appear, displaying a large, square black and white design;  this is a "QR (Quick Response) code."

Below that "QR Code" is your "Bitcoin Wallet Address!"

Your "Bitcoin Wallet Address" is a string of 26-35 alphanumeric characters, always beginning with a 1 or a 3.

[A Bitcoin wallet address is similar to a bank account number.  You can share your Bitcoin wallet address with others, and they will then be able to send you Bitcoin.  In OUR case, you will be "sharing" your Bitcoin wallet address (that you just got from your Coinbase account) with your Coinpayments account.  Any address you create in your Coinbase account will remain associated with your Coinbase account forever, and you can generate as many addresses as you like.]

Copy and paste your Bitcoin wallet address into a notepad document;  don’t even THINK of trying to type it!

Do not close your Coinbase website;  you'll becoming back to it shortly.

STEP 2, of 3:  Next, do this in Coinpayments:

Login to your CoinPayments account at CoinPayments.net
You will be on the "Dashboard" page.

A short distance from the top of the "Dashboard" page, you will see a horizontal row of six text links running across the top of the page.

Click the second text link from the left, labeled "Your Wallet"
You will be on the "Coin Wallets" page.

Along the left side of the page you will see all the coin "wallets" listed;  and along the right side of the page you will see a column labeled "Commands"

Scroll down until you see "BitCoin," then click on the rectangular green  "BTC Options" button.

On the drop down menu that appears, click the "Send/Withdraw" link.
You will be on the "Coin Wallets - Send Money" page.

Now you can enter the amount of BitCoin (or Dollars) that you want to withdraw, and the BitCoin address to send them to.  Copy and paste the string of letters and numbers which you got from Coinbase (in Step 1, above) in the BitCoin address box. Then click on the rectangular blue "Request Withdrawal/Send" button.

Now your transaction will show as "Pending," and you will have the option to "Cancel" it if you want.

You will be sent an email to confirm the transaction, and after you click on the link in that email, your BitCoin will be on it’s way to your Coinbase account.

You might have to wait a few minutes while processing happens. You will receive another email when the payment has finished processing.

STEP 3, of 3:  Back to Coinbase (FINAL step!):

Now your BitCoin will be in your Coinbase account, and you can exchange it for dollars and have it sent to your bank account.

Click on the "Buy/Sell" tab, and then take the "Sell" option to exchange your BitCoin for dollars. (It’s a good idea to click on the Sell option before you move your currency, because it will tell you if the Sell option is available for your country.)

Enter the amount of dollars to wish to exchange (you may wish to do it the "easy way," and simply click the "Sell Max" button), and then click the rectangular blue "Sell Bitcoin Instantly" button.

THAT'S IT!
Your hard-earned commission
dollars will shortly be in your
bank account!

Acknowledgements:
The gist of this tutorial was prepared by Internet marketing icon Carol Walczak, noted author of http://buildyourlistwithease.com/ and other ebooks.