— Coinbase Wallet (@CoinbaseWallet) February 5, 2019
According to the announcement, the wallet now supports both newer SegWit addresses and Legacy addresses with backward compatibility in all applications.
Coinbase Wallet already supports ETH and ETC, and the 100,000+ ERC-20 tokens on the Ethereum blockchain. The exchange giant notes that the token addresses for existing Coinbase Wallet users should be conserved across the mobile app and wallet.
This news comes after Coinbase added additional functionality to allow users to better store and access their ERC-20 tokens. In addition, Coinbase has also recently added a new gallery for crypto collectibles and integrated with marketplaces OpenSea and RareBits to support hundreds of different collectibles.
The new Wallet update with Bitcoin support will roll out to all users on iOS and Android over the next week. Coinbase plans on adding additional support for Bitcoin Cash, Litecoin, and other popular cryptocurrencies in the near future.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.