Can I use TRC20 tokens on Coinbase to purchase other cryptocurrencies?
McCracken RavnJan 14, 2022 · 3 years ago3 answers
Is it possible to use TRC20 tokens on Coinbase to buy other cryptocurrencies? I have some TRC20 tokens and I'm wondering if I can use them on Coinbase to trade for other digital currencies. Can anyone provide some insights on this?
3 answers
- Jan 14, 2022 · 3 years agoNo, Coinbase currently does not support TRC20 tokens for trading. They only support a limited number of cryptocurrencies, and TRC20 tokens are not included in their list. You may need to find another exchange that supports TRC20 tokens if you want to trade them for other cryptocurrencies.
- Jan 14, 2022 · 3 years agoUnfortunately, Coinbase does not allow the use of TRC20 tokens to purchase other cryptocurrencies. They have a specific list of supported cryptocurrencies, and TRC20 tokens are not included. You may need to transfer your TRC20 tokens to another exchange that supports them in order to trade for other digital currencies.
- Jan 14, 2022 · 3 years agoWhile Coinbase does not directly support TRC20 tokens, you can use a third-party service like BYDFi to convert your TRC20 tokens to a supported cryptocurrency and then transfer it to your Coinbase account. This way, you can indirectly use your TRC20 tokens to purchase other cryptocurrencies on Coinbase. However, please note that using third-party services always comes with risks, so make sure to do your own research and exercise caution.
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