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“Starting today, you can now store your Bitcoin (BTC) directly in the Coinbase Wallet app,” Wallet Developer Siddharth Coelho-Prabhu said as an introduction for a big step made for Coinbase and announced in the Coinbase post.
This is a long-awaited feature that allows clients to store their Bitcoin in a Coinbase wallet easily. The wallet update will work in iOS and Android from next week onwards, “Bitcoin support is activated by default — all you need to do is tap ‘Receive’ on the main wallet tab and select Bitcoin to send BTC to your Coinbase Wallet.”
Similarly, the Coinbase wallet will support both newer SegWit addresses with lower fees, and Legacy addresses for backwards compatibility applications.
“Coinbase Wallet already supports Ethereum, Ethereum Classic, and over 100,000 different ERC20 tokens and ERC721 collectables built on Ethereum,” the blog post added.
The exchange is currently working to add support for Bitcoin Cash, Litecoin, and “other popular cryptocurrencies.”