Coinbase Wallet now supports BTC, store your BTC on your Crypto Wallet app

06 Feb, 2019
by Ryan Boltman
News
Coinbase Wallet now supports BTC, store your BTC on your Crypto Wallet app

Coinbase have announced the addition of Bitcoin to their cryptocurrency Coinbase Wallet. The major news means users are now able to store their own BTC on their Coinbase Wallet, with their own private keys, ensuring that their Bitcoin is held by them and no one else. 

The announcement means that Coinbase Wallet app can now store Bitcoin, Ethereum, Ethereum Classic and over 100,000 different ERC20 and ERC721 tokens and collectibles.

Coinbase Wallet builder Siddharth Coelho-Prabhu announced that "Our goal with Coinbase Wallet is to create the world’s leading user-custodied crypto wallet."

Read More: You can now pay for crypto with a credit or debit card on Binance

The latest addition of Bitcoin is certainly a step in the right direction. The new update which will include BTC  support is set to roll-out next week on iOS and Android. The wallet will support newer Segwit addresses with lower transaction fees as well as Legacy addresses for backwards compatibility. 

Image from Gyazo

Coinbase will be looking forward to offering their customers a safer way of holding their own cryptocurrencies with the use of Coinbase Wallet. Private keys are set to be encrypted on your phone using Secure Enclave technology. "The hardware is considered the most secure way to safeguard private data on mobile devices"

Read More: Coinbase’s Soups Ranjan announces he is leaving the company

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Read more about:CoinbaseBitcoin (BTC)

Poll

Are you excited about Coinbase's new additions?

(10 votes)

Add a comment

I would never trust storage of Bitcoin to Coinbase in my life. This exchange has been hacked repeatedly
07 Feb, 2019 - 18:52
moreover, I dont believe this mobile wallet at all. who knows what will coinbase do with it
11 Feb, 2019 - 08:55
Yes, Coinbase is not worried about the fact that they are manipulating personal data.
12 Feb, 2019 - 09:54
Coinbase isn't enough of money that they stole from their users before, so they want to take even more and now they are looking at our bitcoins!
07 Feb, 2019 - 19:38
Safe storage of funds on Coinbase? Yes, it's just funny, including fact that Coinbase has recently been hacked
07 Feb, 2019 - 21:10
moreover, coinbase sells users data and it is not safe at all
08 Feb, 2019 - 07:54
People recruited through advertising. This is the main reason why they hold their assets on Coinbase ignoring the recent hacking. Just a shit situation
09 Feb, 2019 - 10:19
well even with wallet there are a lot of problems at coinbase. same technical issues are often seen at their exchange as well. not very good user experience there
08 Feb, 2019 - 08:54
coinbase you are slowpoke. so funny you`re trying to present it like something unusual, it`s only emphasize how lame you are.
08 Feb, 2019 - 10:05
Haha hello from 2015! Slow news day coinbase.
09 Feb, 2019 - 08:30
lool
coinbase knows how to make us surprised :D
10 Feb, 2019 - 02:39
Coinbase just a retard. I can not explain this situation otherwise
10 Feb, 2019 - 10:09
coinbase wallet will steal the money instead storing
10 Feb, 2019 - 20:57
Use Coinbase wallet to lose money or lose personal data? Well, no I'd rather use proven services with greater potential.
11 Feb, 2019 - 18:39
omg. coinbase again provides so many news to make a hype
11 Feb, 2019 - 20:55
2019 year CB wallet starts supporting BTC
hahahahahaha :D
what an incredible update!
11 Feb, 2019 - 21:52
coinbase, you`re demeaning yourself. btc wallet could have been a big innovation several years ago. adding it in 2019 just reveals how lame you are.
12 Feb, 2019 - 10:25

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