Coinbase Wallet is the largest Bitcoin broker out there and a platform that is available in over 30 countries. The list is growing in 2018 and Coinbase is undoubtedly the leader in many aspects and a wallet where customers can buy Bitcoin with a connected bank account, SEPA transfer, Interac Online and many other payment methods.
Coinbase’s plans are to make the new Coinbase Wallet an all-around wallet so that users can be confident in storing their crypto and “explore the universe of third-party dApps”. It will make everything possible – from taking out loans to completing tasks – all in exchange for crypto payments. Users on the Coinbase Wallet will be able to receive ICO tokens, airdrops and access leading exchanges directly from it – or store their crypto collectibles. When it comes to security, Coinbase said that the wallet will be equipped with the “best-in-class secure storage” which will secure private keys using the “Secure Enclave of each device and biometric authentication technology”.
Coinbase also explained that with the Coinbase.com account, users can now buy cryptocurrencies and their keys will be stored centrally within the exchange. However, with the Wallet app, the Coinbase users can safeguard their own private keys.
The new feature, as Coinbase noted, is optional. After the app’s update gets released, users will receive an in-app notification to “Connect to Coinbase” and link the accounts if they choose so. The account linking can also be turned on or off at a later date directly from the Settings menu. Since it is the most popular crypto exchange in the world, the community believes strongly in the wallet and is one of the most widely used among crypto traders.