Coinbase Launches Bitcoin Support on its Wallet

Coinbase Launches Bitcoin Support on its Wallet

“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.

Recently Similar News

cex-promotion exmo-promotion

Latest Guides

Latest News

localbitcoins,Money Laundering,Regulation

LocalBitcoins Receives Important Accreditation

In its latest step as a company, the peer-to-peer cryptocurrency exchange, LocalBitcoins has been recognised by an important financial body in Finland to be an Official Virtual Currency Provider. This is an important event for the platform as due to recently changed legalisation in Finland, it only companies registered as such that are allowed to […]

17 November, 2019
Binance,Exchange Platforms,Mobile

A Limited-Edition HTC Exodus 1 With Binance Support Released

In a new partnership between two powerhouses in their respected fields, HTC and Binance, a new phone has been released with the benefits of both firms installed. The new device will be known as the Exodus 1: Binance Edition, due to the fact it will come with Binance-Chain support and so you can benefit from […]

16 November, 2019
DAI,Kraken,MakerDAO,Stablecoin

Kraken Note Important Details for DAI Holders

The firm behind DAI, Maker DAO are going to launch a new set of smart contracts which will change the way the stablecoin is generated. In anticipation of this, Kraken has informed users of important elements in the process to follow which may affect their holdings. The new update by MakerDao will essentially change the […]

15 November, 2019
Sponsored

6500 Make Malta AIBC Summit a Huge Success

Europe’s premier AI & blockchain event praised by attendees as the best show The Malta AI & Blockchain Summit came to a close last Saturday after three days of jam-packed conferences, workshops, and a busy expo floor. More than 6500 attendees made AIBC Summit a massive success for the emerging tech sectors, and with Grammy […]

14 November, 2019
Bitcoin Cash,Exmo,EXMO Coin,Updates

EXMO Reveal CryptoMood Partnership

EXMO have revealed their latest company news which includes a new partnership with data analyst firm CryptoMood and plans to support for Bitcoin Cash Renewal. As well as this, they have also offered special offers where there will be no Commission For USD and RUB Deposits via AdvCash The team at EXMO are as busy […]

14 November, 2019
Cryptocurrency,Trezor,Updates,Wallets

Trezor Explain Why You Should Use Their New Buy Service

Cryptocurrency wallet, Trezor have launched a new buy service on their platform and have detailed how it can benefit you. The new service will simultaneously help traders whether they are looking to hodl, invest, build your portfolio, or send money abroad directly via the service. To make sure you know exactly why you should use […]

13 November, 2019
Blockchain,CoinEx,Decentralised,Updates

CoinEx Chain Mainnet Goes Live Alongside New CoinEx DEX

CoinEx’s own native chain, the CoinEx Chain officially went live yesterday afternoon. The launch of the mainnet was 7 months in the making but it is now up and running, following a series of tests and a tour of Asia. During these tours, they spread the word of their native public chain and simultaneously attempted […]

12 November, 2019
CEX,Giveaway,Promotion

CEX Announce Creativity Awards For Users

To celebrate their 6th year of operation, CEX.io are giving users the chance to win prizes by sharing their creativity with the platform. This event will see them reward their users for the loyalty they have shown over their history simply for sharing their creative prowess with the exchange. The concept is quite simple – […]

11 November, 2019