Coinbase, a leading cryptocurrency exchange, is preparing to launch a comprehensive cryptocurrency app to facilitate users’ experience. According to a blog post, this cutting-edge web app will act as a central hub, allowing users to effectively manage their portfolios, including tokens, Non-Fungible Tokens (NFTs), and Decentralized Finance (DeFi) and explore the world of cryptocurrencies.
Coinbase to Enhance Usability and Efficiency via the App
The new web app, designed with user convenience in mind, promises to simplify the often complex landscape of digital assets. Users can connect multiple wallets to the new app. By integrating these functionalities, Coinbase aims to eliminate the need for users to navigate multiple platforms, thereby enhancing usability and efficiency.
Furthermore, Coinbase’s new web app prioritizes security, aiming to protect users’ assets and data with advanced encryption and security protocols. This emphasis on security is crucial for building trust among users, particularly in an industry that often faces concerns about hacks and breaches.
Similarly, Coinbase plans to onboard the exchange’s approximately 100 million users onto the blockchain. Users can utilize the app to engage in basic on-chain financial activities, like buying, trading, or other transactions.
Coinbase’s Smart Wallet to Simplify Crypto Trading
In June, the exchange launched a new smart wallet designed to tackle key challenges in the cryptocurrency trading ecosystem, making it easier for new users to get started and reducing transaction costs. Reports by Crypto-Vanguard revealed that the smart wallet is in sync with eight other networks namely Ethereum (ETH), Optimism, and Base. Others are Avalanche, Zora, Polygon, BNB, and Arbitrum.
The smart wallet simplifies all the hurdles in getting started with crypto. Notably, the Coinbase smart wallet is user-friendly and allows new users to set up and use their wallets with little effort. These advantages position it for wider adoption.
Another issue addressed by the smart wallet is the problem of users receiving notifications about insufficient available funds. Users can avoid these errors by utilizing the balance from the self-custodial wallet or Coinbase account balances, ensuring smoother transactions.
Coinbase Integrates Apple Pay
Recall that Coinbase’s United Kingdom-based users can now purchase Bitcoin (BTC), Ether, and other digital assets using Apple Pay on their iPhones. According to the exchange, enabling Apple Pay offers users a heightened security level as card numbers are not stored on the device or Apple servers.
Daniel Seifert, Coinbase’s director in the U.K., expressed excitement about the integration, stating that it makes accessibility to digital assets easier for users in the country. He emphasized the popularity of Apple Pay in daily transactions and highlighted the logical step to bring this convenience to Coinbase.
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