Share this article
Coinbase's Wallet App Is Getting Bitcoin Support This Week
Coinbase users will be able to directly control their bitcoin holdings from the firm’s Wallet app after a coming update.
Updated Sep 13, 2021, 8:52 a.m. Published Feb 6, 2019, 10:10 a.m.
Coinbase users will soon be able to directly control their bitcoin holdings from the firm’s Wallet app.
The San Francisco-based cryptocurrency exchange announced the news in a blog post Wednesday, saying that Coinbase Wallet will be updated over the next week to add bitcoin support to all users on iOS and Android.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Bitcoin support will be “activated by default," Coinbase said, meaning users will just have to tap “receive” tab in the app and select "bitcoin" to receive the cryptocurrency directly in the wallet.
Coinbase Wallet already supports ethereum , ethereum classic and "over 100,000" different ERC-20 tokens and ERC-721 collectibles built on ethereum, the exchange said, adding that it is also working on to add support for , and other major cryptos to its wallet going forward.
Coinbase explained that with the main Coinbase app or Coinbase.com, users can buy cryptocurrencies and the exchange itself stores the keys centrally. But with Coinbase Wallet app, users safeguard their own private keys, which are encrypted using Secure Enclave technology for better security.
The app supports both SegWit and legacy bitcoin addresses for backwards compatibility.
Coinbase continues to add new and expanded services. Just yesterday, the exchange announced that its customers in the 32 EU and European Free Trade Association countries can now make withdrawals into their PayPal accounts. The feature has been live in the U.S. for some time.
Last month, Coinbase added support for cross-border wire transfers for institutional clients in Asia, the U.K. and Europe. And it integrated with tax-filing platform TurboTax, offered by Intuit Consumer Tax Group, to help U.S. clients file taxes on their cryptos.
Wallet image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Coinbase Sees Crypto Recovery Ahead as Liquidity Improves and Fed Rate Cut Odds Climb
The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.
What to know:
- Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
- The firm's optimism is driven by rising odds of Federal Reserve rate cuts, with markets pricing in a 93% chance easing next week, and improving liquidity conditions.
- Several recent institutional developments, including Vanguard's crypto ETF policy reversal and Bank of America's greenlighting of crypto allocations, have contributed to bitcoin's rebound from recent lows.
Top Stories
