Coinbase Wallet for Bitcoin Cash (BCH) support in iOS and Android versions

On Wednesday, February 20th, Coinbase announced Bitcoin Cash (BCH) support for "Coinbase Wallet", its popular "user-controlled cryptocurrency wallet" for iOS and Android.

Coinbase.com ("Coinbase Consumer") is "a digital currency broker". It "can also act as a depository, storing your digital currency for you after you've purchased it". Coinbase Wallet, on the other hand, is "a digital money wallet and a DApp browser", which means that with "Wallet", private keys (which are the property of cryptocurrency) are stored directly on your device and not with a centralized exchange as Coinbase Consumer. "A Coinbase Consumer Account is not needed if you want to use Coinbase Wallet and you can download it from anywhere.

Coinbase Wallet is a mobile application that initially only supports Ethereum (ETH) and Ethereum (ERC20 and ERC721) tokens. On November 26, 2018, support for Ethereum Clbadic (ETC) was added. On February 5, support was Bitcoin (BTC) was announced. And starting today, it supports the storage, sending and receiving of Bitcoin Cash (BCH).

According to Siddharth Coelho-Prabhu's blog, product manager, Coinbase Wallet, this update "will be released to all iOS and Android users in the coming weeks". BCH support is "enabled by default by simply clicking" Receive "in the main wallet tab and selecting Bitcoin Cash to send BCH to your Coinbase wallet."

He also points out that "Coinbase Wallet supports new CashAddr address formats, as well as Legacy addresses for backward compatibility of all applications," and that Coinbase Wallet also supports "Bitcoin Cash Testnet to help developers and users with power testnet, you need to access the "Advanced Settings" section of the "Settings" tab.) Finally, the team plans to "add in the future support for the JSON payment protocol ".

On February 12th, Coinbase announced that Coinbase Wallet had been enhanced so that users could now back up an encrypted copy of their private keys in the cloud (iCloud for iOS users and Google Drive for users who use the cloud). Android). Although this feature appears to be of interest to many users of Coinbase, it has been controversial.

Image featured with the kind permission of Coinbase