Coinbase Convert allows users to convert their cryptocurrency from one to another at no cost.
Coinbase is one of the popular centralized cryptocurrency exchanges (CEX) known for its clean and relaxing user interface.
Any novice cryptocurrency trader can use Coinbase to convert their Bitcoins to Ethereum (and vice versa), Ethereum to MATIC (and vice versa), etc.
Although converting cryptocurrency from one to another on Coinbase is free, you may be subject to a withdrawal fee if you withdraw the converted cryptocurrency.
Do you want to know the cheapest way to convert cryptocurrency? read our article.
How to convert cryptocurrency on Coinbase?
To convert cryptocurrencies from one to another on Coinbase, you need to go to the “Convert” section by clicking “Buy and Sell“.
Next, set up the cryptocurrency pairs and enter the amount of cryptocurrency you want to trade.
Finally, confirm your order.
Here’s how you can convert cryptocurrency on the Coinbase exchange.
- Steps to convert cryptocurrency from one to another on Coinbase
- Steps to convert cryptocurrency from one to another on coinbase mobile application
Steps to convert cryptocurrency from one to another on Coinbase
- Go to the “Convert” section
- Set up cryptocurrency pairs
- Confirm your order
- Check balance or history
1. Go to the “Convert” section
Visit the Coinbase website and log in to your account by entering your credentials.
After logging in, you will land on the “Home” page.
On the “Home” page, you will be able to see “Buy & Sell” and “Send & Receive“.
Since you are here to convert your cryptocurrency, click on the “Buy and Sell” option.
In this way, you will be in the “Buy” section. But you have to navigate to the “Convert” section.
2. Set up cryptocurrency pairs
Now, in the “From” field, you need to select the cryptocurrency you want to trade.
Next, in the “To” field, select the cryptocurrency you want to trade for.
For example, if you have Ethereum and want to exchange it for MATIC, select Ethereum in the “From” field and MATIC in the “To” field.
Then, enter the amount you want to spend.
Finally, click “Preview Conversion“.
3. Confirm your order
After clicking “Preview Conversion”, you will see the preview of the order.
The order preview has details such as the exchange rate, TDS, total, and the amount of cryptocurrency you will receive.
Check the details and click “Convert Now“.
4. Check your balance or history
Within a few seconds of clicking the “Convert Now” button, your order will be executed.
To view your conversion history, click View Transaction.
Alternatively, go to the “Assets” tab and click on the crypto asset for which you want to view the conversion history.
Then, go to “Wallet“.
Steps to convert cryptocurrency from one to another on coinbase mobile application
- Tap “Convert”
- Set up cryptocurrency pairs
- Tap “Convert Now“
- Audit history
1. Tap “Convert“
Open the Coinbase mobile application.
By default, you will land on the “Home” page. There you can see more options, such as Buy, Sell, Send, Convert and Receive.
Tap “Convert“.
2. Set up cryptocurrency pairs
Next, you need to select the cryptocurrencies to trade.
Then, enter the amount of cryptocurrency you want to spend on this crypto conversion.
Finally, tap on “Preview Conversion“.
3. Tap “Convert Now“
After tapping “Preview Conversion“, you will see the preview of your order.
There, you can see details such as the exchange rate, the TDS, the amount of cryptocurrency you are spending, and the amount of cryptocurrency you are receiving.
After reviewing the details, tap on “Convert Now“.
4. Audit history
Within a few seconds, your order will be executed.
Tap “View Details” to see your conversion history. Otherwise, tap “Done“.
conclusion
Coinbase Convert is the one-stop solution for those who want to exchange their Bitcoins for Ethereum, Ethereum for Bitcoin, etc.
The Coinbase Convert feature is easy to use, instantaneous, and has a zero commission.
You can also convert your cryptocurrencies to Binance or Kraken.