cryptocurrency exchange and wallet has added ₿itcoin () to its Coinbase Wallet app, according to an announcement Tuesday, Feb. 5.
In August 2018, Coinbase had that Toshi, the open source browser and wallet developed by Coinbase, will rebrand to become Coinbase Wallet.
As explained by the crypto exchange, Coinbase Wallet is slightly different from the main app, Coinbase (or Coinbase.com). With the latter, the cryptocurrencies purchased by customer and the private keys are stored by Coinbase. With Coinbase Wallet, users stores their own crypto protected by their unique private keys.
The new update for Coinbase Wallet will be rolled out for iOS and Android next week. ₿itcoin support will be activated by default, as soon as users choose to receive the coin to the wallet. The users’ private keys will be encrypted on the phone using Secure Enclave technology.
The announcement states that Coinbase Wallet supports both and Legacy addresses. Moreover, the app supports the ₿itcoin Testnet for developers and power users. Coinbase also mentioned that it is considering adding add ₿itcoin Cash (), Litecoin (), and other major to its Coinbase Wallet.
Earlier yesterday, Feb. 5, Coinbase support for residents to make fiat currency withdrawals to online payment system . And in January, the U.S. exchange for customers in the U.S. to claim crypto trades on their , and integrated its systems with popular tax software TurboTax.
As Cointelegraph earlier this month, cryptocurrency hardware wallet firm has unveiled its new Bluetooth-based wallet Ledger Nano X that will allow customers to store 100 crypto assets and control them via a mobile device.
Another major crypto wallet, Blockchain.com, has recently partial support for ₿itcoin SV (BSV), noting, however, that it has no plans to offer full functionality for the crypto at present.
Published at Wed, 06 Feb 2019 13:07:00 +0000
