The Coinbase Pro API had a convert currency endpoint for converting between USD and USDC. Per the " Pro API Mapping", there does not appear to be any comparable endpoint in the Advanced Trade API. There is no USDC-USD pair, as the currencies are considered “unified”. I’m a bit confused about what exactly “unified” means, as it appears that I cannot buy any XXX-USD pair with USDC directly.
Is there any way to programmatically convert between USD and USDC via Advanced Trade, or trade XXX-USD pairs with USDC? Thanks!
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Hello @TheHeurist! Thank you for taking an interest in trying out Coinbase APIs. For the details regarding your concern, we will check on this for you with our team. We will get back to you once we have more information. Keep in touch!
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Hello @TheHeurist! We understand that you are looking for a convert currency API for Advance Trade as that of Coinbase Pro API, however we would like to inform you that there is no direct way in the Advanced Trade API to convert crypto into fiat.
We currently do not have an API endpoint to convert USDC to USD. Instead, you may utilise the Create Orders endpoint:
- By placing a buy order using the Create Order endpoint, you may trade crypto (USDC) to fiat (USD) or other product_id.
It is important to note that placing a buy order is subject to fees. You may visit this Help Center for more information about Advanced Trade fees.
Rest assured that we’ve logged this as a feedback with our internal teams so we can continue improving our user experience. Most new features and improvements to our products come directly from feedback like yours, so it’s very valuable to us. While we can’t offer any specific timeline for this, we are constantly working to build products our customers will love.
On you query related to USD- USDC ‘unified’ - USD and USD Coin (USDC) is now unified in Coinbase Exchange, a specialized Coinbase product that is intended for institutional traders and investors. This means that you can trade USD and USDC on Coinbase’s USD markets, deposit USD and USDC to your USD account on a one-to-one basis, and withdraw your USD and USDC balance as USD cash or USDC on any supported network. To know more, you may visit this Help Center site.
Note : Users whose USD and USDC accounts are unified do not have access to the conversion endpoint, and conversions from USDC to USD are automatic upon deposit.
Additionally, If you want to stay up to date on the latest from Coinbase Cloud, you can also bookmark the following webpage and subscribe to email updates at the bottom of the page: https://www.coinbase.com/cloud/discover . We appreciate your patience and understanding.
We hope we were able to provide answers to your query. Thank you and, welcome to the community!