Coinbase Adds Bitcoin Cash Support to Wallet App

Published at: Feb. 20, 2019

United States-based cryptocurrency exchange and wallet service provider Coinbase has added support for Bitcoin Cash (BCH) to its Coinbase Wallet, according to an announcement published on Feb. 19.

The update states that users can now store Bitcoin Cash on Coinbase Wallet, adding:

“The new Wallet update with Bitcoin Cash support will roll out to all users on iOS and Android over the next few weeks.”

As Cointelegraph wrote in August 2018, Coinbase Wallet was introduced as a rebranding of the firm’s open source decentralized app (DApp) browser and wallet, formerly called Toshi.

The rebranded wallet has several different features from the main app, Coinbase (or Coinbase.com), reportedly aimed at providing more transparency and security. Coinbase Wallet allows users to store their own private keys on their devices, buy and store crypto-collectibles, use third-party DApps and receive airdrops and tokens from initial coin offerings.

Earlier this month, Coinbase added support for Bitcoin (BTC) to its Wallet app.  

Last week, the firm announced that Coinbase Wallet users can now back up their private keys on cloud storage, namely on Google Drive and iCloud, leading to mixed reactions from the crypto community.

Earlier this week, third-largest cryptocurrency exchange OKEx announced that it had added four new crypto derivative pairs to its platform, namely Bitcoin SV (BSV), Qtum (QTUM), Dash (DASH) and Neo (NEO) against Bitcoin or Tether (USDT).

Tags
United States
Altcoin
Cryptocurrencies
Bitcoin Cash
Coinbase
Dapps
Related Posts
Coinbase Users Can Now Withdraw BSV to External Wallets
Major American cryptocurrency exchange Coinbase now allows its users to withdraw Bitcoin SV (BSV) balances to external wallets, according to an announcement published on Feb. 14. BSV appeared following a hard fork in the Bitcoin Cash (BCH) blockchain in November of last year. The for resulted in two new coins; Bitcoin SV and Bitcoin ABC. The camp for Bitcoin SV (Satoshi’s Vision) was lead by Australian computer scientist Craig Wright, who has previously declared himself to be Bitcoin creator Satoshi Nakamoto. After the hard fork, Coinbase users holding BCH received an equal amount of BSV, however the exchange has, until …
United States / Feb. 15, 2019
US Court Dismisses Lawsuit Against Coinbase for Alleged BCH Insider Trading
Major U.S. crypto wallet provider and exchange Coinbase has been granted a motion to dismiss a lawsuit over alleged insider trading during its launch of Bitcoin Cash (BCH) support last year, according to court documents published Oct. 23. U.S. District Judge Vince Chhabria from the Northern District Court of California found that plaintiff Arizona resident Jeffrey Berk had “not sufficiently articulate[d] the legal bases for his claims” in his complaint. The original class action had been filed against the exchange in March, with Berk representing all Coinbase customers who had allegedly “suffered monetary loss as a result” of the exchange’s …
United States / Oct. 25, 2018
The responsibility behind a crypto lender’s asset listing
Crypto lenders are the institutions situated between consumers and the untamed, blockchain-based, and often unregulated space of cryptocurrencies. As such, they are in a peculiar position when it comes to responsibility towards their customers and the assets for which they provide services. Consequently, when choosing which currencies to support, lenders lead a delicate dance of responsibility, a balancing act between catering to popular demand and adding cryptocurrencies that are sustainable, worthwhile and safe. Demand vs. approval: The question of endorsement It’s unsurprising that in a nascent industry full of new investors, a lender’s asset integration is often taken for endorsement. …
Blockchain / Oct. 16, 2021
Brian Armstrong: Coinbase Custody Has $1 Billion of Crypto Under Management
During an on-stage discussion at Consensus, Brian Armstrong, CEO of major United States cryptocurrency exchange Coinbase, said that its custody service has already received $1 billion in crypto under management. Coindesk reported on Armstrong’s comments on Wednesday, May 15. Panel moderator and Wall Street Journal reporter Paul Vigna asked Armstrong about the perspectives of institutional investments in the crypto industry. In response, the Coinbase CEO provided an example of his own company, noting that Coinbase Custody managed to get $1 billion in assets under management in just 12 months after its launch. He also mentioned that 70 institutions signed up …
United States / May 15, 2019
Coinbase users launch online refund campaign following GYEN troubles
Coinbase has come under fire recently following a technology snafu that reportedly resulted in the company closing many of its customer's accounts. When users attempted to purchase Japanese stablecoin GYEN and Powerledger (POWR), they suffered from technical difficulties. This was then followed by an error in the system response. Now, deeply frustrated customers have launched an online campaign demanding refunds. #Coinbase only gave me $50 worth of $BTC ‍♀️ I need all my money back that I invest in $GYEN #GYEN and plus you guys gave me a hard time and everything and you guys only game $50 dollars you …
Regulation / Dec. 9, 2021