Instant Exchange allows you to send bitcoin and pay for it with your local currency from the same page.You can also receive bitcoin and Coinbase will execute an instant sell in the background.The sell will credit funds to your local currency wallet.Instant Exchange is a great tool for people who want to use bitcoin but prefer to cash out immediately to fiat currency.The fiat currency value of each conversion transaction, after Coinbase’s conversion fee, will be reflected in your USD, EUR, and/or GBP wallets.Instant Exchange is supported only for users who hold fiat currency wallets with Coinbase.Instant Exchange is just a different way to use Coinbase's existing Conversion Service.For example, when you wish to instantly purchase and send bitcoin using Instant Exchange, you can simply click on the "Send/Request" tab in your Coinbase Account, identify the recipient, and indicate the amount of bitcoin or USD-equivalent you wish to transfer.By selecting your USD Wallet as the funding source, when you confirm the transaction you will (a) use Coinbase's Conversion Service to purchase a corresponding amount of bitcoin, and then (b) immediately transfer the bitcoin from your Coinbase Account to the recipient.

On the flip side, you can also use Instant Exchange to immediately sell bitcoin which you receive into your Coinbase Account.Using the same “Send/Request” feature, you can generate a unique bitcoin address for this purpose.web browser based bitcoin minerInstant Exchange will then allow you to use that address to (a) receive bitcoin from the payer into your Coinbase Account, and (b) immediately sell the bitcoin using Coinbase's Conversion Service.litecoin web minerThis is a great way to use the Bitcoin payment network.bitcoin conference mexicoCoinbase’s standard Conversion Fee applies to all bitcoin purchase and sale transactions.bitcoin central hacked

There are no additional fees for use of Instant Exchange.For example, if you wish to use Instant Exchange to send $15-worth of bitcoin to a recipient, the total amount debited from your USD wallet will be $15.15: the amount of USD you wish to convert into bitcoin plus Coinbase’s Conversion Fee.bitcoin 645This works the same way in reverse, so if you receive $15-worth of bitcoin and sell it immediately using Instant Exchange, then your USD wallet will be credited $14.85: the USD-value of the bitcoin you converted into USD, minus Coinbase’s Conversion Fee.bitcoin giochiAs always, you can freely fiat currency from your Coinbase Account back to your own bank account without charge from Coinbase (for ACH transfers; for list of all withdrawal fees, please see this page).bitcoin is nwoInstant Exchange is just another way to use Coinbase’s Conversion Service, so your standard buy/sell limits will apply.bitcoin ach transfer

You therefore will not be able to exceed your weekly or aggregate buy limits when you use Instant Exchange to purchase and send bitcoin.It is also important to remember that you cannot use Instant Exchange to receive and sell bitcoin in excess of your weekly or aggregate sell limits.ethereum francaisIf you receive an amount of bitcoin for Instant Exchange whose conversion would exceed your weekly or aggregate sell limit, all of the bitcoin will be received into your default bitcoin wallet and no conversion will occur.You can separately initiate a bitcoin sell transaction in an amount that does not exceed your sell limit.You can check your buy/sell limits by logging into your Coinbase Account and visiting this page.Not yet, but we are working on this feature.Nothing changes on the merchant side of things.We are just extending and expanding Instant Exchange to the rest of our customers.Instant Exchange Send and receive bitcoin and cash out immediately to your local currency.

Avoid price volatility Use the bitcoin payment network without exposing yourself to exchange rate risk.Send using Instant Exchange In the send dialog, simply select your fiat wallet from the list of available options.Receive using Instant Exchange All fiat wallets now have a bitcoin address that lets you automatically convert all received bitcoin to your local currency.How it works Exchange bitcoin instantly An instant buy/sell converts the amount of bitcoin you send or request.Start using Instant Exchange todayCoinbase sends payouts to your local bank account once per day when you enable automatic payouts.You can also manually sell bitcoin at any time from the sells page.As a merchant, you never need to hold bitcoin or expose yourself to any exchange rate risk if you don’t want to.Most merchants set prices in their local currency and receive payouts in their local currency.For this service (Instant Exchange) we charge 1% or $0.15 (whichever is greater) to convert the bitcoin you receive into your local currency.

If you wish to get paid in and keep bitcoin, this is completely free.When you enable Instant Exchange, bitcoin you receive for merchant orders can be immediately sold to Coinbase at the current sell price, locked in at the time of your customer’s purchase.This ensures that your sale of bitcoin to Coinbase will pay you the exact local currency price that you set in the merchant tools, less applicable fees.Orders processed via Instant Exchange will appear in your transaction list but BTC received will not accrue to your receiving account total.You will also see them on your merchant order page and in your exported order history.Let’s look at an example.Suppose you create a payment button with a USD price of $10, and sell ten orders during the day.If you have Instant Exchange enabled, your payout at the end of the day will be for $100 USD, regardless of how the price of bitcoin changed during the day.After deducting our fee (1% in this case) you will receive $98.85 to your bank account.

Visit the merchant settings page and check the box for Instant Exchange Payouts arrive to your bank account within two business days Payouts are sent at 2pm Pacific Time each day and will appear in your account within two business days.Until the payouts are sent, they will appear as pending payouts on your merchant payouts page (login required).Merchants also have the option to keep a minimum balance in bitcoin.If your balance is below the minimum, orders that you will receive will be kept in bitcoin until you reach or exceed your minimum balance.After that, orders will be “instant exchanged” as described above.Merchants also have the option to keep a percentage of incoming orders in bitcoin.You can set a percentage that you would like to keep in bitcoins on the settings page, the rest of your orders will be “instant exchanged” as described above.Some merchants prefer to keep a portion of their revenue in bitcoin so they can avoid the “instant exchange” fee.If you have any suppliers, contractors, or employees who are willing to accept bitcoin, you can then pay them directly in bitcoin instead of cashing out and save yourself the fee.