Coinbase is a digital currency exchange broker. Using this platform you all set to easily buy and then trade Bitcoin and some other types of the cryptocurrencies. Covert Bitcoin To USDC In Coinbase, If you think that it is like the usual cryptocurrency exchanges then it is wrong. Coinbase is completely differs from the traditional cryptocurrency exchanges. The reason is that this platform will let you to easily buy the cryptocurrency using fiat currencies.
You know it is considered as the biggest crypto-broker exchange worldwide. Since 2012, in San Francisco over $20 billion in assets and over $50 billion in crypto has been traded. There are two products are available in Coinbase such as a broker exchange and a professional trading platform named GDAX. These two are independent from one another. But before switching you must how beneficial is converting bitcoin in the Coinbase exchange.
What are the features of Coinbase exchange?
Take a look at the below points to understand the features of Coinbase,
Provide trusted cryptos alone:
You know Coinbase cryptocurrency is used as an entry point into the crypto market. By means of this exchange you all set to effortlessly buy Bitcoin, Litecoin, Ether and Bitcoin Cash. All these four digital currencies are the only once you all set to buy from Coinbase.
All because that the Coinbase will provide the only coins that are guaranteed currencies or commodities alone. At the same time, How To Covert Bitcoin To USDC In Coinbase? it won’t open up to token that is provided with proper securities or equities. Along with that seeing new coin in the exchange is very hard. That’s why this crypto currency is considered as a trusted as well as secured platform.
Provided with easy interface:
At the same time, Coinbase is available with an easy-to-use interface this specific feature is what makes this exchange. Along with that this platform is suitable even for the beginners who started to trade now. The design of the exchange is clean and it will let the users to effortlessly navigate and then you all set to understand the options available in the exchange as well. So all set to make use of this cryptocurrency exchange no matter how experienced you are and all.
As mentioned before, Coinbase cryptocurrency exchange will accept Fiat. This particular feature is what makes this platform unique in the middle of so many numbers of the cryptocurrency exchanges. If you check any traditional exchanges you can’t find this particular benefit but Coinbase is offering you. Alongside not only the Fiat digital currency the Coinbase will accepts four numbers of digital currencies such as EUR, GBP, and USD.
Additionally, Coinbase is provided various numbers of payment methods as well. Of course, it offers you several payment methods in order to help their customers acquire fiat money onto the platform to purchase crypto. The different payment methods includes such as bank transfer, debit/credit cards, PayPal and even SEPA transfers for European citizens.
An essential benefit that you want to know in the Covert Bitcoin To USDC In Coinbase, is that it will offer you an instant exchange. Be it is a novice or else an experienced one you all look for a faster and efficient exchanger right? In case if you want to send money in bitcoin but you are willing to transact with fiat no worries for that alone Coinbase is available with “Instant Exchange”.
Thus rather than using fiat to purchase bitcoin and then send it to the receiver you all set to simply make use the instant exchange feature. It will ease the whole process. Even though the exchange done in an instant way no way for any occur you all set to pay with fiat and the payment will convert to Bitcoin. To use this feature you no need to pay any additional fee and all.
Are you looking for the ways to spend the Bitcoin in your Coinbase wallet? Then make use of the Shift Card. Along with that you all set to avail Conbase debit card that is a Visa debit card that will allow U.S users to select states to spend Bitcoin from their Coinbase wallet. The shift card will work like the Visa card. If you choose to transact with the help of this card the equal value of the Bitcoin will be debited from your online wallet. These are the essential benefits you need to consider.
Steps to follow to convert Bitcoin to USDC in Coinbase:
Here come the steps you are required to follow,
- You are required to have an account in case if you don’t have an account then you need to create one. Once created you need to sign in into the Coinbase account.
- Now you need to find the asset page for the cryptocurrency that you want to convert in an easy way. If you search for this page then you will get so many from that choose one.
- If you check then you will witness a panel that will be available with the option to convert one cryptocurrency to another one.
- After that you are required enter the fiat amount of cryptocurrency that you would like to convert from one to another. That is in terms of your native fiat currency. Take for example, $10 worth of BTC to convert into XRP
- Then you must click on preview conversion in order to view the amount of XRP that you want to convert from BTC. Be it is any cryptocurrency you all set to check it before converting.
- In case if you are not available with the enough cryptocurrency in order to complete the transaction then you will be offered with an option to buy something
- Finally, you are required to confirm the conversion transaction
As in general Coinbase will charge spread margin up to two percentages for the Digital currency conversions. At the same time the charge will vary and it is based on the market fluctuations in the price also it will differ according to the time.