How does Bitcoin Transaction work?

How does Bitcoin Transaction work?

I'm very new to cryptocurrency. I Live in Australia and looked into buying cryptocurrency for investment and selling it back to AUD.(withdrawing) I was going to buy a cryptocurrency at CoinBase with AUD but noticed that they currently don't have a sell option at the moment.

My question is, is the following way of transaction possible or good for withdrawing future AUD.

Buy Ethereum with AUD at Coinbase, then send the ETH to Blockchain wallet, then Send the ETH to BTC Market, Independent Reserve or CoinJar to Withdraw in AUD.

http://ift.tt/2DovlFC

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