Product Replace — March 1st


Product Replace — March 1st

As a part of Coinbase’s dedication to prioritizing buyer suggestions and serving to bridge the hole between conventional finance and crypto, our group is concentrated on always updating and bettering the Coinbase expertise. Right here’s a take a look at what the group has been as much as for the previous couple months.

Simply convert one cryptocurrency into one other

We introduced a brand new function, Convert, the place you'll be able to convert one cryptocurrency into one other. As an alternative of promoting one cryptocurrency for a fiat forex like USD after which buying a distinct cryptocurrency with that USD, you'll be able to merely convert your crypto instantly to a different crypto in a single commerce for a considerably decrease price.

At the moment clients can convert between Bitcoin (BTC) and Ethereum (ETH), Ethereum Traditional (ETC), Litecoin (LTC), 0x (ZRX), Bitcoin Money (BCH), and XRP (XRP).

Since our preliminary launch of Convert, we’ve launched enhancements of it on our iOS app, together with the “Convert all” function for single-click conversion from one asset to a different. Extra enhancements are coming quickly.

Serving to clients navigate crypto taxes

Tax season could be difficult, and we need to assist make the method simpler. For this tax season, we launched a brand new useful resource (https://coinbase.com/bitcoin-taxes) that will help you higher perceive the impression of US taxes on crypto. This replace is for everybody — Coinbase buyer or not. We additionally teamed up with TurboTax to offer our clients with a discount on their tax filings.

Earn ZRX, BAT, and ZEC whilst you find out about them

Final December we introduced the primary Coinbase Earn expertise by giving clients the chance to earn ZRX in alternate for studying concerning the ZRX undertaking. And we didn’t cease there. This previous month we launched comparable Earn experiences for BAT (the Primary Consideration Token) and ZCash. Attempt them out and put your self on the waitlist here.

XRP is now obtainable on Coinbase

XRP is the cryptocurrency utilized by the XRP ledger. XRP goals to be a quick, cost-efficient cryptocurrency that facilitates cross-border funds. XRP can operate as a bridge forex in transactions involving totally different currencies reminiscent of US {dollars}, Japanese yen, Euros, Francs, and others in use on the XRP community.

Introducing the Coinbase affiliate program

We’ve provided a peer-to-peer referral program for a while, permitting clients to refer associates and get $10 of Bitcoin when their referral trades $100 or extra on the platform. We noticed that quite a lot of “super-referrers” had been utilizing their referral codes to suggest Coinbase to their audiences, however the referral program wasn’t optimized for them. That’s why we launched an affiliate program for these clients the place they'll obtain 50% of every referral’s buying and selling charges for his or her first three months on Coinbase.com.

A number of extra updates:

  • We’ve made it simpler for patrons to get crypto information on the dashboard within the Coinbase app, in addition to entry details about the highest 50 belongings by market cap.
  • We rolled out the flexibility for patrons within the EU to withdraw funds to their PayPal accounts.

As we work to make Coinbase higher, we all the time respect suggestions. Check out the above options and tell us if in case you have concepts or strategies for find out how to enhance the product.


Product Update — March 1st was initially printed in The Coinbase Blog on Medium, the place individuals are persevering with the dialog by highlighting and responding to this story.

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