- 5th February 2019
- Posted by: admin_dev
- Category: BitCoin, coinbase, Cryptocurrency
Starting today, you can now store your Bitcoin (BTC) directly in the Coinbase Wallet app.
Our goal with Coinbase Wallet is to create the world’s leading user-custodied crypto wallet. Coinbase Wallet already supports Ethereum, Ethereum Classic, and over 100,000 different ERC20 tokens and ERC721 collectibles built on Ethereum. Adding support for Bitcoin is an important next step in that direction.
The new Wallet update with Bitcoin support will roll out to all users on iOS and Android over the next week. 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.
Coinbase Wallet supports both newer SegWit addresses with lower transaction fees, as well as Legacy addresses for backwards compatibility in all applications.
And, as always, your private keys are encrypted on your phone using Secure Enclave technology, to bring you best-in-class security. This specialized hardware is considered the most secure way to safeguard private data on mobile devices.
Wallet also supports the Bitcoin Testnet to aid developers and power users. You can switch to the testnet from the Advanced Settings section of the Settings tab.
As announced previously, we’re also working on support for Bitcoin Cash, Litecoin, and other popular cryptocurrencies.
If you have only ever used the primary Coinbase app (or Coinbase.com), we encourage you to check out Coinbase Wallet. The Coinbase Wallet app is Coinbase’s user-controlled cryptocurrency wallet. With Coinbase.com, you can buy crypto and Coinbase stores it (along with your private keys) for you; with Coinbase Wallet, you store your own crypto (safeguarded by a private key that only you know). To learn more, visit our website.
We hope you enjoy using Coinbase Wallet. Your feedback helps us make Wallet better for everyone. You can reach us at firstname.lastname@example.org.
Unless otherwise noted, all images provided herein are by Coinbase.