Coinbase, one of the largest crypto exchanges, has recently revealed that it has added new features to its wallet app. Now the wallet users will be able to purchase cryptocurrency from the app itself using a debit card. It is also mentioned that every Coinbase wallet user will not be able to access this feature. This feature is initially available for Android and iOS users which are located in the U.S. However, the firm is planning to expand this feature to a wider audience as well.
Coinbase Users Are Getting an All-In-One Solution
By adding this new feature to the wallet app, the users will not have to navigate from crypto exchange to fund payments. Earlier, the users used to buy cryptocurrencies from an exchange which was later transferred to the users manually. This whole process was completely time-consuming and complicated. To make these transactions successful, the users were also required to pay very high fees.
With this new feature, Coinbase users will have an all-in-one solution which will save a lot of their time and make the process cheaper and less complicated. This wallet will be a lot more than just storing the value.
Getting Started With Wallet is Much Easier
The exchange has mentioned that for all those who wish to start using a Dapp or simply want to store or share crypto, this newly added feature to the wallet has made it much easier. This is because now there is a one-click buying and selling because of which the wallet became an easy-to-use one. The users of the Coinbase wallet are also able to earn an interest in cryptocurrencies through several DeFi apps. The exchange has mentioned that the “existing Coinbase.com customers can also link to their Wallet accounts, and the feature is completely optional.”