ATLANTA--(BUSINESS WIRE)--BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services, today announced that it has enhanced its service to make it easier for Coinbase users to spend crypto including USD Coin, Bitcoin, Ethereum and other cryptocurrencies at BitPay enabled merchants directly from a Coinbase account. BitPay’s enhancements allow consumers to make payments directly from the Coinbase account to BitPay merchants, eliminating the peer to peer movement of funds. The phased rollout starts with transactions under $1,000. Also, in one month, users will be able to pay BitPay merchants with their Coinbase account directly from within their BitPay Wallet App.
“Customers who have a Coinbase account are looking for a fast, secure and easy way to pay for goods and services with crypto globally now have additional options through BitPay enabled merchants,” said Sean Rolland, Director of Product at BitPay. “Integration between Coinbase and BitPay lets users pay directly from their Coinbase account, opening up new global businesses opportunities to accept and pay with crypto.”
The Coinbase integration is a popular feature and has been part of the BitPay Wallet App since the early beginnings. In one month, this enhanced integration will improve the experience and gives users the option to monitor and manage all funds in the BitPay Wallet App, no matter where the funds are stored. The improved Coinbase integration also shows the funds exactly as they are in the Coinbase platform.
OFAC crypto crackdown: Coinbase disclosures under review. Coinbase disclosed certain of its transactions are “under review” by the Office of Foreign Assets Control for potential violations of U.S. Fellow cryptocurrency platforms BitGo and BitPay have each been fined by the regulator in the last three. The Best Source For Cryptocurrency Information. The information on this page is strictly meant for informational and educational purposes only, and should not be taken as investment advice.
Both of these integrations enable consumers and businesses the ability to spend USDC, a U.S. dollar-pegged currency at businesses around the world. Stablecoins continue to see dramatic growth within the cross-border payments sector. Users can also pay with Bitcoin, Bitcoin Cash, XRP and ETH.
The USD Coin combines the efficiencies of a cryptocurrency with the added benefit of being tied to the stability of the U.S. dollar. As cryptocurrencies, stablecoin transactions are verified by a decentralized network and recorded on an immutable public ledger, providing transparency and eliminating traditional payment fraud associated with credit cards. Because its value is pegged to fiat currency, however, stablecoins eliminate the volatility associated with other cryptocurrencies.
Coinbase To Bitpay
Visit https://bitpay.com/directory to learn where to spend bitcoin and other cryptos. For more information on the Coinbase Open API visit https://developers.coinbase.com/
About BitPay
Founded in 2011, BitPay pioneered blockchain payment processing with the mission of transforming how businesses and people send, receive, and store money. Its business solutions eliminate transaction fraud, reduce the cost of payment processing, and enable borderless payments in cryptocurrency, among other services. BitPay offers consumers a complete digital asset management solution that includes the BitPay Wallet and BitPay Prepaid Card, enabling them to turn digital assets into dollars for spending at tens of thousands of businesses. The company has offices in North America, Europe, and South America and has raised more than $70 million in funding from leading investment firms including Founders Fund, Index Ventures, Virgin Group, and Aquiline Technology Growth. For more information visit bitpay.com.
The BitPay Card is issued by Metropolitan Commercial Bank (Member FDIC) pursuant to a license from Mastercard International Incorporated. “Metropolitan Commercial Bank” and “Metropolitan” are registered trademarks of Metropolitan Commercial Bank ©2014. Use of the Card is subject to the terms and conditions of the applicable Cardholder Agreement and fee schedule, if any.
Creating your API key
Creating an API key is important, see it as a bridge between you and the exchange. Cryptohopper needs this bridge in order to do all the automated things you love such as, placing automated orders and reading your balance to do all sorts of calculations with.
Step one. Go to the exchange website, and create an account if you haven't already.In this case, we are looking at Coinbase PRO
Step two. Log in, or create an account! After you have logged in successfully, Click on your name in the top right corner, and click 'API'.
Bitpay To Coinbase Fee
Step three. Creating the API key
Make sure you are on the right tab, it should be labeled 'API Setting', from there on you can create a new API.
Step four. API key settings.
Coinbase PRO offers three settings, 'View', 'Transfer', 'Trade'.Cryptohopper needs to be able to view and trade. Transferring won't benefit CH and is a security hazard.
You will also see that you need to create a passphrase. This can be anything that you want, and is another security measure. Pick something memorable but not overly-simple. A good one would be 'CHApi2020!' for example, while a bad one would be 'passphrase'.
Keep the passphrase in mind, you will need to copy it onto CH later!
IP whitelisting should be kept at unrestricted. Because CH is cloud-based, we use over 200 IP's!
Step five. Adding the API to Cryptohopper.
Navigate to your cryptohopper account and find the baseconfig.From there on out, you can click on the tab labeled 'exchange'.
Select your exchange, fill in your API key, the passphrase you have made in the previous step and you are done!
Give the hopper a moment to link everything and your balance should be loaded.
Unable to see your exchange balance?
There are several things that prevents your hopper from synchronizing the funds of your exchange. In most cases, the browser that you use has 'auto-fill' enabled. This means that the browser fills in certain text fields themselves. There are three things you can do:
- Disable autofill,
- Use incognito mode of your browser
- Use a browser that you don't use often.
- Another thing that could prevent your hopper from synchronizing are password managers, disable this for Cryptohopper.
And you're done! Check our community forum where users share their Hopper settings.
If you want more information about this subject, watch our Cryptohopper Academy video about this subject.
Coinbase Pro minimum trade amounts
Click here to check the minimum trade amounts on Coinbase Pro.
Coinbase Pro status
Do you experience issues with trading on Coinbase Pro? Click here to check Coinbase Pro's exchange status.