Direct Crypto Converter By Coinbase

Maja Mazur
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Coinbase, one of the most popular cryptocurrency exchanges, presents a new feature – a direct crypto-to-crypto converter. It’s a part of their 12 Days of Coinbase campaign for December.

Christmas at Coinbase

Lately, the cryptocurrency exchanges have been outdoing each other to attract the traders’ attention. Coinbase exchange, a major cryptocurrency exchange form San Francisco, recently has announced a new development plan for December. Each day, a new feature will be announced on their website. The plan is called 12 Days of Coinbase which obviously refers to the traditional Christmas song Twelve Days of Christmas. So far, the company has presented crypto e-giftcards, a new watchlist, a possibility of PayPal withdrawals and some others. Thus, Coinbase offers its clients a nice festive campaign, while still putting emphasis on the company’s development.

Conversion – how it works

One of the latest Coinbase’s propositions is something rather innovative. Namely, it’s a converting feature, that enables people to exchange one cryptocurrency for another in one single transaction instead of the usual two (crypto to fiat, then fiat to another crypto). This feature, called Convert,  is supposed to make the transactions easier and cheaper, as the whole process takes just seconds and the fee is charged only once. For now, the conversion is available between Bitcoin (BTC), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), 0x (ZRX) and Bitcoin Cash (BCH).

Coinbase strategy

On the Coinbase’s blog, the whole feature is nicely explained and described. The whole idea behind this project was to make the user experience as easy as possible for the clients. Coinbase strategy is to exploit the blockchain technology to create secure, useful innovations.

So far, the features presented during 12 Days of Coinbase have been exciting. Probably everyone is wondering, what else the company has in store for the users.

 

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