Coinbase Wallet App Announces Support For Bitcoin (BTC)
According to a recent report, the San Francisco based crypto exchange, Coinbase has made public its support for Bitcoin Core (BTC) in the company’s noncustodial wallet app which was initially dedicated to Ethereum (ETH), Ethereum classic (ETC), ERC721, and ERC20 tokens. The company, however, plans to add more currencies to the
Support for BTC added to Coinbase Wallet App
Coinbase released a
After the development team at the exchange had announced their intention to include BTC in the company’s wallet a couple of weeks ago, a representative at the exchange, Siddharth Coelho-Prabhu on the 5th of February revealed that developers have fully integrated support for the currency.
The announcement states that:
“Our goal with Coinbase Wallet is to create the world’s leading user
Coelho-Prabhu, a representative of the exchange went further to state that: “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
segwitaddresses with lower transaction fees, as well as legacy addresses for backward compatibility in all applications.” he continued.
According to the representative, the light client’s private keys are encrypted on the user’s mobile phone or tablet using secure enslave technology just like the previous version of the wallet.
He said: “This specialized hardware is considered the most secure way to safeguard private data on mobile devices.”
ETH and BTC
He further explained that the Coinbase light client also supports the ETH and BTC