Convert Cryptocurrency FAQ


Announcement: Beginning on December 10, 2018, Coinbase will add the ability for customers to exchange one cryptocurrency for another without the use of a fiat currency. 

How does Converting Cryptocurrency work?

Users can trade between two currencies directly. For example: exchanging Ethereum (ETH) with Bitcoin (BTC), or vice versa

  • All trades are executed immediately and therefore cannot be canceled
  • Fiat currency (ex: USD) is not needed to trade

 

How do I convert cryptocurrency? 

  1. Log in to your Coinbase account or into the Coinbase mobile app
  2. Find the asset page for the cryptocurrency you would like to convert from. For example, https://www.coinbase.com/price/bitcoin
  3. There will be a panel with the option to convert one cryptocurrency to another. 
  4. Enter the fiat amount of cryptocurrency you would like to convert from in terms of your native fiat currency. For example, $10 worth of BTC to convert into XRP.
  5. Click Preview Conversion to see the amount of XRP you would convert your BTC for.
    • If you do not have enough originating crypto to complete the transaction, you will be prompted to buy some
  6. Confirm the conversion transaction. 

To see availability depending on country and cryptocurrency type, please see Supported Digital Currencies.

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