Coinbase Wallet to support Bitcoin (BTC) in iOS and Android versions

On Tuesday, February 5th, Coinbase announced Bitcoin (BTC) support for its popular Crypto Wallet with User app 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. And as of today, it supports the storage, sending and receiving of Bitcoin (BTC).

According to Siddharth Coelho-Prabhu's blog, Portfolio Product Manager for Coinbase, this "new portfolio update with Bitcoin support will be released to all iOS and Android users over the coming week". He also said that "Coinbase Wallet supports new SegWit addresses with lower transaction fees, as well as Legacy addresses for backward compatibility in all applications."

In addition, Coinbase Wallet "also supports Bitcoin Testnet to help experienced developers and users". As for support for other coins such as Bitcoin Cash (BCH) and Litecoin (LTC), Coinbase would like to know that the Coinbase Wallet team is currently working on adding support for additional cryptocurrencies.

Image featured with the kind permission of Coinbase