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1 Substitute coconut oil on a 1-1 ratio for oil or butter. Melt the oil and cool it to just above room temperature before measuring it.  Use a ratio of 3/4 to 1 when substituting coconut oil for shortening. Use the oil in its solid state or melt it first.
Replace Unhealthy Fats When Baking â Yes, you can bake with coconut oil. Use the same amount as butter or vegetable oil that is called for in the recipe. For biscuits, piecrusts, and other preparations where the fat is to be cold, freeze the coconut oil prior to using. Use coconut oil to grease baking sheets and cake pans, and your baked goods will simply slide right out.