Coinbase Wallet Officially Supports Litecoin (LTC) Cryptocurrency Into Its User-Custodied App


Coinbase has announced that starting Thursday, February 21, 2019, its wallet will be supporting Litecoin (LTC), allowing users to safely store their LTC holdings directly in the app. This addition further increases their list of assets, which currently includes Bitcoin [BTC], Bitcoin Cash [BCH], Ethereum [ETH], Ethereum Classic [ETC] and other existing ERC20 and ERC721 tokens.

The noted update will satisfy both iOS and Android users and is said to be in effect in the coming weeks. In order to visually see LTC on one’s app, the team at Coinbase has advised its users to simply click on “Receive” found on the main wallet tab and then to pick “Litecoin” to get one’s holdings onto the Wallet.

The announcement also comes with other facets that are important to bear in mind, including:

  1. The Wallet’s support for newer SegWit and Legacy addresses – both resulting in lower miner fees and backward compatibility respectively
  2. The use of Secure Enclave technology to ensure private keys are converted into one’s device
  3. Wallet support for Litecoin Testnet

According to the claims made, adding LTC was a crucial step for the team and evidently takes them closer to their goal of,

“creating the world’s leading user-custodied crypto wallet.”

For more information, go to https://blog.coinbase.com/announcing-litecoin-ltc-support-on-coinbase-wallet-87f69f9bf7c0

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