A Comprehensive Guide for Beginners: Changing Currencies on Coinbase

Created
Updated
Reading time
1 min
Views
155

Cryptocurrency trading newcomers often find the process of changing currencies on Coinbase daunting. In this condensed guide, we’ll simplify the steps for seamless currency switching on the popular exchange platform.

Why change currencies?

As a trader, you might buy Bitcoin (BTC) and wish to invest in Ethereum (ETH), or convert profits into US Dollars (USD). Changing currencies efficiently saves time and money.

Steps to Change Currencies on Coinbase:

1. Log in: Access your account on the Coinbase website or mobile app using your email address and password.


2. Navigate to Wallets tab: Click on “Wallets” at the top of the page, where you’ll find a list of supported currencies.
3. Sell current currency: Choose the currency to be sold (e.g., Bitcoin) from the list.
4. Buy desired currency: Select the currency you want to purchase with the funds from the sale (e.g., Ethereum or USD).
5. Confirm transaction: Review all trade details, including amounts and exchange rates, before clicking “Confirm” to complete the transaction.

Example: A trader who bought Bitcoin at $30,000 invests in Ethereum priced at $2,500. By following these steps, they can easily switch currencies and make their investment.

Related posts