Coinbase’s Wallet App Is Getting Bitcoin Support This Week
Coinbase users will soon be able to directly control their bitcoin holdings from the firm’s Wallet app.
The San Francisco-based cryptocurrency exchange announced the news in a blog post Wednesday, saying that Coinbase Wallet will be updated over the next week to add bitcoin support to all users on iOS and Android.
Bitcoin support will be “Activated by default,” Coinbase said, meaning users will just have to tap “Receive” tab in the app and select “Bitcoin” to receive the cryptocurrency directly in the wallet.
Coinbase Wallet already supports ethereum, ethereum classic and “Over 100,000” different ERC-20 tokens and ERC-721 collectibles built on ethereum, the exchange said, adding that it is also working on to add support for bitcoin cash, litecoin and other major cryptos to its wallet going forward.
With Coinbase Wallet app, users safeguard their own private keys, which are encrypted using Secure Enclave technology for better security.
Yogita Khatri’s original article for coindesk.com reduced by 47%
Related story: US Crypto Exchange Coinbase Launches Paypal Withdrawals Support For EU Users
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