Day eight of 12 Days of Coinbase: Direct crypto conversions on Coinbase
As a crypto-first firm, it’s necessary that we construct options that allow individuals benefit from the distinctive attributes of cryptocurrency. That’s why we’re starting to roll out a brand new function known as Convert, which clients can use to transform one cryptocurrency into one other.
Initially, clients can convert between Bitcoin (BTC) and Ethereum (ETH), Ethereum Basic (ETC), Litecoin (LTC), 0x (ZRX), or Bitcoin Money (BCH). Changing is accessible on Coinbase.com and within the iOS and Android apps. Conversions full immediately and at a decrease value than if achieved by way of two separate transactions. For extra particulars, please go to the Coinbase Pricing & Fees Disclosures webpage
We’ll be progressively rolling out the power to transform cryptocurrencies to clients in all 34 international locations wherein Coinbase presents native cost entry. We’ll collect buyer suggestions alongside the best way and proceed to iterate on the function over time. Our product groups are pondering deeply about new methods to democratize one of the best of cryptocurrency, and the power to simply convert one asset to a different is a crucial step on this path.
When Coinbase was based, the one merchandise that related wallets to the Bitcoin blockchain have been technical and sophisticated. We got down to construct an easy-to-use, extremely safe, and trusted expertise for anybody to purchase or promote Bitcoin. By specializing in ease of use, and designing for simplicity, we’ve tried to make crypto extra accessible to everybody. This newest function that enables clients to convert from one crypto straight into one other is a pure development of this journey.