Bitcoin: Coinbase integrates Cryptocurrency in a Wallet

the The Coinbase Wallet now also supports the storage of Bitcoin. Thus, the company supports in addition to the standard ERC20-Token, as well as Ethereum is now Legacy and Bitcoin addresses. Through the Integration of BTC in the Wallet, users get the control over your Private Keys.

By Phillip Horch
On 7. February 2019BTC$3.408,56 , and 0.26%part Facebook Twitter LinkedIn xing mail

Coinbase wants nothing more than to the world's leading provider of user-friendly crypto-Wallets. This can be an announcement of the company dated 2. February. To reach this goal a little closer, you can store it in Coinbase Wallet now Bitcoin (BTC).

extension of the offer in the case of Coinbase

Thus, the company is expanding its detention facilities for crypto-currencies. Previously it was only possible, Ethereum, Ethereum Classic and ERC20-store Token to the digital wallet of the company. The Integration of Bitcoin is to be supplied to the users directly with the next Update. It is said in the blog entry:

The new Wallet Update with the support of Bitcoin will be in the next week for all users on iOS and Android available. The Bitcoin Support is enabled by default. All you have to do is go to the main Wallet to tap page on the 'Receive' and Bitcoin select to send BTC to the Coinbase Wallet.

however, as you can see from the message, support the Wallet in both the "newer" SegWit addresses, as well as Legacy addresses. In addition, the new Version of the App guarantee the control over the own Private Keys. The loss of this control is known to lead to the loss of the own Bitcoin. Ultimately, Coinbase announced that they have plans for the future, the Integration of the BTC-based Bitcoin to Cash (BCH).

What has changed now?

Previously remained in the case of a purchase on the crypto exchange of the company's control over the Private Keys to the company itself, since it outsourced its BTC on the stock exchange. With the Wallet App that is changing now that you own the BTC in fact.

Read also: Hamas receives Bitcoin donations via Coinbase

finally, Coinbase was in the headlines, because BTC-donations were made to Hamas through the company.

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