x
Black Bar Banner 1
x

⏲Alert!  New Secured Wallets are installed! new Blog system with AI  power and auto blog curation coming soon  Alert! 
  • Sign Up
  • Log In
  • Calendar
Ads by Markethive - View All
Blogs
The Blog Feed
» Blog Feed
Write a New Blog Post
Search Blog Status
Most Viewed
Most Recent
Most Shared
Alphabetical
Blog Main Menu
Markethive Blog (default)
All Blogs
My Blog Posts
Friends' Blogs
Blog Categories
All
Advertising
Blockchain & Cryptocurrency
Business Development
Diet & Weight Loss
Environmental
Health and Wellness
History and Culture
Home and Garden
Marketing
Mentoring & Training
Money & Finance
Other
Political
Prayer & Religion
Programming & Technical
Real Estate
Search Engine Optimization
Social Media
Spirituality
Sports & Recreation
Transport
Travel & Events
Website Design
Blogging Tools & Assets
My Blog Info
Members Subscribed to You
Blogs You Are Subscribed To
Website Widget
Wordpress Plugin

BETTER LATE THAN NEVER - COINBASE WALLET FINALLY ADDS SUPPORT FOR BITCOIN

Posted by David Ogden on February 06, 2019 - 11:06pm Edited 2/6 at 11:06pm


BETTER LATE THAN NEVER - COINBASE WALLET FINALLY ADDS SUPPORT FOR BITCOIN

BETTER LATE THAN NEVER - COINBASE WALLET FINALLY ADDS SUPPORT FOR BITCOIN

Coinbase has officially announced support for Bitcoin (BTC) on its Coinbase Wallet app.

Previously known as Toshi, the newly-rebranded Coinbase Wallet has long supported Ethereum (ETH), Ethereum Classic (ETC), more than 100,000 ERC20 tokens and ERC721 collectibles. Now, users can finally use the wallet app for Bitcoin storage and transactions. (Why it took so long for the first and foremost cryptocurrency to be added to the Wallet is over our head — but it probably has ‘something to do with SegWit.’)

Speaking of Segregated Witness, Coinbase Wallet supports both the soft-forked wallet formats (which you should probably use) and old-school Bitcoin wallets — meaning everything is backward compatible. As an added bonus, Coinbase Wallet also supports the Bitcoin Testnet.

NOT YOUR KEYS, NOT YOUR BITCOIN

Unlike the standard Coinbase web-based platform or mobile app, storing Bitcoin (BTC) in Coinbase Wallet is private — meaning the San Francisco-based company doesn’t have access to your private keys. In fact, users private keys are encrypted using Secure Enclave technology.

The move from Coinbase positions its Wallet as a direct competitor to the likes of BRD, a popular and user-friendly iOS and Android app that allows users to privately store their digital assets without submitting know-your-customer (KYC) requirements. Furthermore, the move is almost certainly a move to provide Coinbase users with something they have been lacking for years — a proper wallet that actually puts users in control of their cryptocurrencies and cryptoassets.

For those still interested in Bitcoin Cash (BCH) and Litecoin (LTC), Coinbase is looking to add support for both of the altcoins in the near future.

In other news, Coinbase also just added support for PayPal in European Union (EU) and European Free Trade Association (EFTA) countries.

What do you think about Coinbase Wallet and the better-late-than-never addition of Bitcoin (BTC)? Do you plan on using it? Let us know your thoughts in the comments below!


 

ELSA SAIKKONEN | FEB 07, 2019 | 00:00

© Markethive Inc.