en
Back to the list

Coinbase Now Allows Direct Crypto Conversions on Its Platform

source-logo  blokt.com 18 December 2018 09:59, UTC
Advertisement

Cryptocurrency exchange Coinbase has announced a new feature called Convert today which lets users convert their crypto holdings directly into other cryptocurrencies.

The announcement comes during the company’s 12 Days of Coinbase program where they will be announcing a new update every day until December 21.

What Did Coinbase Announce Today?

Advertisement

Coinbase said that it is a crypto-first company while launching their new feature called Convert.

Convert will allow users to convert cryptocurrencies directly for other cryptocurrencies.

It noted:

“Initially, customers can convert between Bitcoin (BTC) and Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), 0x (ZRX), or Bitcoin Cash (BCH).”

The feature will be available on Coinbase.com as well as the Android and iOS apps of the exchange.

All conversions will be completed instantly.

It shortens the time taken to convert one coin into another compared two doing two separate transactions while also costing the user less in fees.

The feature will be available for all 34 countries where Coinbase offers support for native payments.

The exchange said that it would continue to work on the feature over time utilizing customer feedback.

Coinbase added:

“Our product teams are thinking deeply about new ways to democratize the best of cryptocurrency, and the ability to easily convert one asset to another is an important step on this path.”

Coinbase’s Year-end Extravaganza

Coinbase noted that it is focusing on simplicity in design and ease of use to make cryptocurrencies more accessible.

Coinbase recently announced that users could withdraw their cash funds directly to PayPal without paying a fee.

Coinbase also enabled users to buy e-gift cards using their cryptocurrency balances via WeGift. These gift cards can be spent at Uber, Nike, and other well-known brands.

Another new feature called Watchlist allows users to track digital assets on their dashboard, even if the assets are not yet listed on Coinbase.

RELATED ARTICLES

MORE FROM OUR PARTNERS

Follow us on Twitter | Telegram | Facebook

Advertisement
Featured Image from Shutterstock.

[blokt] is a leading independent blockchain news outlet that maintains the highest possible professional and ethical journalistic standards. Journalists are required to meet our editorial policies and guidelines.
blokt.com