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Coinbase+New+Update%3B+Users+Can+Now+Send+Crypto+to+its+Wallet+App+Directly

Coinbase New Update; Users Can Now Send Crypto to its Wallet App Directly

 

World’s leading cryptocurrency exchange Coinbase announced its official non-custodial crypto wallet app for iOS and Android. The Wallet can be linked to users’ Coinbase.com account. This update will allow users to transfer cryptos to their Wallet directly without any hustle.

Coinbase Wallet is a user-controlled crytocurrency wallet.  The exchange pointed out the difference between Coinbase Wallet and Coinbase.com.

Coinbase stated,

“Wallet is a user-custodied digital currency wallet and DApp browser. This means that with Wallet, the private keys (that represent ownership of the cryptocurrency) are stored directly on your device and not with a centralized exchange like Coinbase Consumer. You do not need a Coinbase Consumer account to use Wallet and you can download Wallet from anywhere in the world.”


Users can link their Coinbase.com accounts to the wallet by clicking the Connect now in the notification, or select ‘Connect to Coinbase’ from the Settings menu. There is option for disconnect as well.

Coinbase users get a wide range of services. Users can buy and store ERC-20 tokens, take part in airdrops and ICOs, browse decentralized apps (DApps) and send cryptocurrency internationally.

Earlier, the exchange’s wallet only supported Ethereum [ETH] and Ethereum-based tokens. In November 2018 the wallet added support for Ethereum Classic [ETC] and in February 2019 it added support for bitcoin [BTC] and bitcoin Cash [BCH]. Coinbase Team will add support for more crytocurrency in the future. The exchange kept its word by adding the eighth largest cryptocurrency by market cap of $2.08 B Stellar Lumens [XLM] to its list of tradable assets.

According to Coinbase’s blog post, in the next few days the wallet will be updated and users will receive notification to activate the updated feature.