On Thursday (June 20), Coinbase announced that it was "introducing real-time price alerts for any cryptocurrency supported by Coinbase" to the Coinbase mobile app for iOS and Android.
On May 16, Brian Armstrong, Co-Founder and CEO of Coinbase, held an Ask Me Anything (AMA) session on YouTube, during which he mentioned that his team was working on a new price alert notification system:
"In the past we gave people the ability to set it [notification] up manually... but what we've been doing recently is actually something more machine learning-based in the background where if there's a price movement or change in the market that we think you should know about we're going to push that notification to you proactively."
With this new feature, you automatically get to find out about "market moves" on the cryptoassets that you are interested in (i.e. no need to go check websites or your app).
In a blog post published earlier today, the Coinbase team explained how the new feature works. But first, you should make sure that you have updated to the latest version of the Coinbase mobile app.
By default, notifications are enabled for "Price Alerts". This means that you are automatically notified "when there's a significant change in the price of a cryptocurrency" on your Watchlist. Here is an example of one of these notifications:
But you can also manually create custom price alerts if you tap on "Custom Price Alerts" in the "Notifications" screen:
For example, below, you see an example of trying to create a price alert (from the "Alerts" screen) that issues a notification when the price of Bitcoin (BTC) falls below $9,000:
And here's an example of creating a price alert that issues a notification when the price of Bitcoin (BTC) goes above $9,500:
And in the "Alerts" screen below, you can see the two price alerts created earlier:
Featured Image Courtesy of Coinbase UK. (Other screenshot images taken from Android version of Coinbase app)