ShapeShift’s had a lot of great new feature additions this year, providing users with more functionality and tools. Check out all of our exciting new updates to ensure you’re getting the most out of your platform experience!
Buy Crypto with a Debit Card
One of our most popular features, the ability to buy bitcoin, ethereum, and USDC with your debit card launched in January. Rather than needing to wait 3-5 business days to buy crypto, you can now purchase crypto in seconds, hassle-free. This update is available to international users in over 20 countries. Check out the competitive rates on beta.shapeshift.com next time you're looking to purchase crypto!
Coin Additions: XRP, ATOM & BNB
XRP was added to the platform in May and is supported by KeepKey. Users can now send, receive, trade, and hold XRP on the ShapeShift Platform. XRP is a digital asset built for payments. It is the native digital asset on the XRP Ledger, an open-source and decentralized blockchain technology that can settle transactions in 3-5 seconds.
Cosmos (ATOM) was added to the platform in January and is supported on KeepKey hardware wallet. Users can send, receive, and trade ATOM without commissions. The central focus of the Cosmos platform is to act as the internet of blockchains. The goal of the project is to create a network that allows all other blockchains to communicate with one another and do so in the most efficient and fastest way possible. Read our blog to learn more about Cosmos blockchain and ATOM tokens.
We were also very excited to introduce Binance Coin (BNB), available on ShapeShift and compatible with KeepKey, our hardware wallet. Currently one of the top 10 assets on CoinCap.io, BNB is the native coin of Binance Chain and powers the Binance Ecosystem. BNB was originally launched as an ERC20 token on the Ethereum blockchain, and in April 2019, BNB ERC20 holders were encouraged to swap their tokens for BNB coins on the Binance Chain.
Stablecoin Additions: USDT, TUSD, USDC
We were very excited to add three new stablecoins to the ShapeShift Platform in the first quarter of 2020. Available to all supported wallets, Portis, KeepKey, Ledger, and Trezor, these assets can be sent, received, and most importantly, traded without any extra commissions, spread, or fees. The cryptocurrency market has felt the effects of COVID-19, just as we all have. Having the option to trade your assets into a stablecoin at a moment’s notice is extremely important and a feature we were excited to add to the platform.
Convert to USDC Button
Use our Instant Convert feature to easily exchange any of your assets into the stablecoin, USDC, with the click of a button. A stablecoin is typically pegged to a stable asset, such as USD, allowing holders to hedge against market volatility. Located in the dashboard next to each available asset is a small blue button. Clicking on it allows you to trade your entire asset balance into USDC quickly and easily. This is especially useful when a market turns volatile.
How to Use Instant Convert:
- Visit the ShapeShift Platform and verify your account
- Create or connect a wallet
- Click the corresponding blue button next to the asset you want to convert
- Confirm the details of the trade on the popup modal
- That’s it! You’ve traded your asset to USDC
Starting in 2020, ShapeShift began crypto giveaways! We were thrilled to see the community's response to our first ETH giveaway and decided to bring them back week after week! If you haven’t had a chance to enter one, it’s easy! Sign up or log in to the ShapeShift Platform with a verified account and create or connect a wallet to qualify for our giveaway. Keep an eye out for emails or our posts on social, sometimes you can get a bonus entry for making a trade or other action on the platform!
Head to the ShapeShift Platform to take advantage of our new features and our great trading rates, which have zero commissions, fees, or spread added. Stay tuned, we have some very exciting updates coming soon! Want to find out what we’re working on before anyone else? Join our waitlist.