Coinbase Announces Bitcoin Support on Coinbase Wallet

Coinbase announced on Tuesday it is now offering Bitcoin support on its Coinbase Wallet service. Coinbase reported that users may now store their Bitcoin directly in the Coinbase Wallet app, which already supports Ethereum, Ethereum Classic, and more than 100,000 different ERC20 tokens, and ERC721 collectibles that are built on Ethereum. 

“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 also reported that Coinbase Wallet supports both newer SegWit addresses with lower transaction fees, as well as Legacy addresses for backwards compatibility in all applications. Coinbase Wallet also supports the Bitcoin Testnet. Coinbase added:

“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, we encourage you to check out Coinbase Wallet. The Coinbase Wallet app is Coinbase’s user-controlled cryptocurrency wallet. With, 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).”

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