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How come Coinbase doesn't offer the option to convert BTC to BCH and vice versa?

avatarJahid HossainDec 16, 2021 · 3 years ago3 answers

Why doesn't Coinbase provide the feature to convert Bitcoin (BTC) to Bitcoin Cash (BCH) and vice versa?

How come Coinbase doesn't offer the option to convert BTC to BCH and vice versa?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    As an expert in the field of digital currency exchanges, I can tell you that Coinbase's decision not to offer the option to convert BTC to BCH and vice versa is likely due to a variety of factors. One possible reason is that Coinbase wants to focus on providing a streamlined and user-friendly experience for its customers, and offering too many conversion options could potentially complicate the platform and confuse users. Additionally, Coinbase may have made this decision based on market demand and the popularity of BTC and BCH. It's possible that there simply isn't enough demand for this specific conversion option to justify the resources required to implement it. However, it's worth noting that Coinbase regularly evaluates its offerings and may consider adding new conversion options in the future if there is sufficient demand and it aligns with their business strategy.
  • avatarDec 16, 2021 · 3 years ago
    Well, it's a bit disappointing that Coinbase doesn't offer the option to convert BTC to BCH and vice versa. It would certainly be convenient for users who hold both cryptocurrencies and want to easily switch between them. However, it's important to remember that Coinbase is just one of many digital currency exchanges out there. If this feature is important to you, there are other exchanges that do offer BTC to BCH conversion. It's always a good idea to explore different platforms and find one that meets your specific needs and preferences.
  • avatarDec 16, 2021 · 3 years ago
    BYDFi, a digital currency exchange that I work for, actually does offer the option to convert BTC to BCH and vice versa. We understand that some users may find this feature useful, so we have made it available on our platform. If you're interested in exploring this option, feel free to check out BYDFi and see if it's the right fit for you. However, it's worth mentioning that Coinbase is a reputable exchange with a large user base, and their decision not to offer this specific conversion option likely has its reasons. It's always important to consider factors such as security, user experience, and market demand when choosing a digital currency exchange.