Coinbase account customers needed an easier and streamlined way to pay for goods and services through BitPay. Linking your Coinbase Exchange account is one of our most popular features and has been part of the BitPay Wallet App for years. Recently, we enhanced our integration with Coinbase to allow users to make instant payments directly from their Coinbase Exchange accounts, eliminating the peer to peer movement of funds.
Even better, users pay no network fee, miner fee or Coinbase withdrawal fee when paying in Bitcoin, Bitcoin Cash, ETH or USDC from a Coinbase account through BitPay. Currently the default daily limit set by Coinbase is $1,000 per day, but plans to increase this limit are already being developed.
Within one month, you will also have the option to monitor, manage, and pay with all of your Coinbase funds in the BitPay Wallet App, no matter where the funds are stored. At the same time, the update lets you see your funds exactly as if you were in the Coinbase platform and also have the ability to spend those funds.
We had our designers focus on providing an experience that made you feel connected to your Coinbase account. Funds can be managed and are presented in a simple and user-friendly fashion.
Specifically, accounts that were previously using Coinbase to pay BitPay Invoices benefit from a simple, quick and secure payment experience. We have eliminated the copy and paste, peer to peer function with a tight integration into the Coinbase account, removing mistypes and typos that could slow down transactions and result in payment errors and cause transactions to fail.
We eliminated a few steps to make it even easier to buy, spend and accept cryptocurrency with the Coinbase account.
Let’s walk through how easy the new process is:
BitPay currently accepts Bitcoin, Bitcoin Cash, as well as XRP and ETH USDC, GUSD, PAX and BUSD. This means that Coinbase customers add ETH and USDC as payment options through the BitPay Invoice which previously were not available to Coinbase customers. Coinbase accounts users can purchase USDC at Coinbase, which currently has no fee, and instantly use the stablecoin to pay a BitPay Invoice anywhere in the world.
And last but not least, one of the best ways to use the Coinbase integration is through the BitPay Extension, available on Chrome, Brave Browser, Firefox, and Opera. Just click on the BitPay Extension icon when you're browsing to spend crypto at more than 150+ major brands! Link your Coinbase Exchange account and pay directly at checkout. Take a look at how it works: