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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.
It depends on the recipe. Many recipes that call for coconut butter wonât be the same if you substitute coconut oil. Some readers say theyâve successfully made my fudge recipes with the oil instead of the butter, but I wouldnât recommend it for best results. Coconut butter will yield a much richer texture.