Coinbase Wallet App Announces Bitcoin Cash (BCH) Cryptocurrency Support for iOS and Android

In their most recent blog post, Coinbase’s Siddharth Coelho-Prabhu announced that Coinbase Wallet will now enable the support of Bitcoin Cash (BCH). This means that users will have the option to store BCH directly on Coinbase Wallet app.

The blog post goes on to say:

“Our goal with Coinbase Wallet is to create the world’s leading user-custodied crypto wallet. Coinbase Wallet already supports Bitcoin, Ethereum, Ethereum Classic, and over 100,000 different ERC20 tokens and ERC721 collectibles built on Ethereum. Adding support for Bitcoin Cash is an important next step in that direction.”

The new update will be incorporated to all the users on both Android and iOS in the upcoming weeks. The support for BCH will be on the application by default.

“All you need to do is tap ‘Receive’ on the main wallet tab and select Bitcoin Cash to send BCH to your Coinbase Wallet.”

To help developers and empower users, the wallet also supports Bitcoin Cash Testnet, which can be activated by going to advanced settings. JSON Payment Protocol will also be incorporated in the wallet pretty soon.

Coinbase had previously announced that they will be supporting other popular cryptocurrencies too. Earlier users could securely store and manage assets available on the Ethereum blockchain — Ether, ERC20 tokens and ERC721 collectibles. One of the most-requested features, however, is support for other popular cryptocurrencies. Coinbase Wallet is a rebrand of the ‘Toshi’ client the company introduced back in April of 2017. The wallet also connects to a dapp browser that showcases certain ETH-fueled platforms.

After the addition of BCH to the wallet lineup, there’s a wide variety of dapps that could be added to the Coinbase browser like Memo.cash, Craft.cash, Wormhole, the Simple Ledger Protocol (SLP)and Bookchain. Earlier this month, Coinbase added the support of BTC on their wallet. It seems like they are going to add Litecoin (LTC) pretty soon.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Sritanshu Sinha
Sritanshu Sinha
Sritanshu has a keen interest in emerging technologies, startups and economic anthropology. He holds the view that cryptocurrencies are the best bet humanity has got to push the world towards a borderless economy.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,467FansLike
2,795FollowersFollow
4,230FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Compound Protocol to Roll Out Decentralized Oracles Dubbed ‘Open Price Feed'

Compound, one of the most popular defi protocol, is all set to introduce open price feeds for lending on its platform using a decentralized...

$2 Million Slippage & Surge in Ether Price on Uniswap Helps Net $40k in Profit

A Uniswap user was able to profit $40,000 thanks to $2 million of slippage and the price of Ether surging north of 15%. It all...

Irish Govt to Target Cryptocurrencies Use in Money Laundering And Terror Financing

The Irish government aims to implement stricter and more stringent laws to curb money laundering and terrorism financing in its financial system, including digital...

Interactive Brokers to Settle $38 Million in Penalties for Violating AML Procedures

Interactive Brokers LLC, a U.S based brokerage that skyrocketed between 2013 and 2018, has agreed to settle a total of $38 million with the...

Ethereum Gas Price Hasn’t Been This High Since its Launch

The price of Ether is back to making its way to $400 level as it hovers around $391 in the green with just $840...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today