Wish to convert your altcoins into bitcoins this Christmas? Coinbase has established Coinbase Convert, a new feature which allows retail users to create direct crypto-to-crypto conversions around the market.
Fast Crypto Conversions
The New Feature, which was announced on December 17, 2018, enables customers to market 1 cryptocurrency to buy another, saving dealers both the time and multiple fees.
According to The company announcement,"conversions complete instantly and at a lower price than if done via two distinct transactions."
Coinbase Convert will initially support conversions involving bitcoin, ether, litecoin, ethereum classic, 0x and bitcoin cash, however more cryptocurrencies are expected to be added into the queue, according to client feedback.
Using the Convert attribute, the digital asset stage will charge a 1 percentage fixed fee, based on its own fee disclosure page.
The Crypto-to-crypto attribute is targeted at retail users that don't trade much or people who want to spend less time changing their cryptocurrencies.
The addition Of Coinbase Convert includes a couple of days after the exchange partnered with PayPal To ease zero-fee cash withdrawals on PayPal. The Integration of PayPal to the withdrawal possibilities available on its own platform makes It faster to cash out of Coinbase.