Coinbase launches smart wallet with hopes of addressing crypto's 'pain points'

Coinbase is officially launching its new "smart wallet" with the hope of improving the user experience for its clients.

"These next-generation wallets address the biggest pain points of the crypto experience today — complex onboarding, network fees, and recovery phrases — making the transition to onchain smoother than ever," the company said in a statement.Coinbase has designed the new smart wallet with the idea of making the onboarding experience easier. The company said new users can now create a wallet with "Face ID, Google Chrome profile, fingerprint, or Yubikey without recovery phrases.

The company has also tried to address the worrisome issue of users being told they don't have enough available funds. "Use self-custodial wallet balance or Coinbase account balances, avoiding 'insufficient balance' errors," Coinbase said in its announcement. Gasless transactions will also be possible, according to the statement. "Developers can sponsor transactions via paymaster integrations," Coinbase said.

Coinbase's wallet supports eight networks, including Base, Ethereum, Optimism, Arbitrum, Polygon, Avalanche, BNB and Zora. The company said it plans to add more.Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures.

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Just In: Coinbase Now Allows XRP Trading in New YorkCoinbase has announced that the XRP cryptocurrency is now available for its customers in New York
Source: Utoday_en - 🏆 295. / 63 Read more »

Kabosu, dog that became popular internet meme and face of dogecoin cryptocurrency, diesThe Shiba Inu named Kabosu passed away in Japan at 18 years old.
Source: abc7newsbayarea - 🏆 529. / 51 Read more »

Meme-famous dog who became cryptocurrency face dies at 18The Shiba Inu named Kabosu died in Japan.
Source: PennLive - 🏆 463. / 53 Read more »

Kabosu, the face of cryptocurrency Dogecoin, dies at 18, owner saysKabosu, the Japanese dog that became a global meme and the face of alternative cryptocurrency Dogecoin, has died at 18, her owner announced in a blog post on Friday.
Source: KSLcom - 🏆 549. / 51 Read more »

Kabosu, dog that became popular internet meme and face of dogecoin cryptocurrency, diesThe Shiba Inu named Kabosu passed away in Japan at 18 years old.
Source: ABC7Chicago - 🏆 284. / 63 Read more »

Kabosu, the face of cryptocurrency Dogecoin, dies at 18, owner saysKabosu, the Japanese Shiba Inu dog that became a meme and the face of cryptocurrency Dogecoin, died at age 18 while sleeping, according to her owner Atsuko Sato.
Source: FoxBusiness - 🏆 458. / 53 Read more »