Coinbase Wallet is Now Supporting Ethereum names

News / 26.02.2020

Coinbase Wallet has started supporting short crypto names that are easy to remember. It was revealed in a blog post on February 25.

Coinbase Wallet is different from Coinbase’s main wallet. Its design was to allow users to control their personal funds and access decentralized apps (DApps).

At the moment, long alphanumeric strings of characters are required to send cryptocurrency. However, it is not possible to remember them and users need to copy and paste. Instead, the names of cryptocurrencies associate an address with an easy-to-remember name.

Coinbase Wallet is to allow the creation of users’ personal names within the app, like @CryptoAdventure. Users can also create names for Ethereum addresses, such as CryptoAdventure.eth.

It is possible to use short addresses to send all the currencies supported by Coinbase Wallet. The currencies include BTC, BCH, LTC, ETH, ETC, XRP, Stellar Lumens, Dogecoin as well as all ERC-20 tokens like USDC and DAI.

Moreover, Coinbase has done more regarding the integration between the major Coinbase app and the Wallet app. In March 2019, the company added the option to link accounts and transfer funds to Wallet. As of today, it is easy for users to send cryptocurrency back to Coinbase from their Wallet, to store, trade or cash out to their bank.

Featured image courtesy of Coinbase. Source: Cryptopress.

Sudarshan M is a long time crypto-enthusiast. Pulled in by bitcoin early on, it did not take long for Sudarshan to divert all of his academic attention from business studies to blockchain by doing his Masters and eventually pursuing his PhD in the subject.