Coinbase introduced its new smart wallet
Coinbase introduced its new smart wallet
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The American exchange Coinbase has officially unveiled its new smart wallet with the aim of improving the user experience of its customers.
This smart wallet will solve many of the needs of users to enter the blockchain.
Coinbase smart wallet
Coinbase said in a statement:
These next-generation wallets will solve the biggest flaws in today's crypto experience - complicated startups, network fees, and recovery terms make transitioning into the world of blockchain easier than ever.
The US-based exchange first announced the release of the new wallets at the EthDenver event in February.
Coinbase has designed the new smart wallet with the idea of making the experience of entering the world easier. New users can create a wallet with Face ID, Google Chrome profile, Fingerprint or Yubikey without recovery phrases, the company said.
The company has also tried to solve the worrying issue of not having enough inventory that users face. Coinbase said in its announcement:
Use custodial wallet balance or Coinbase account balance to avoid insufficient balance errors.
Based on this statement, transactions will be possible without the need for fees.
Coinbase said:
Developers can sponsor transactions by installing Paymasters.
Coinbase wallet supports eight networks, Ethereum, Optimism, Arbitrum, Polygon, Avalanche, BNB China and Zora.
The company stated that it plans to add support for more networks in the future.