When it comes to adding new things to their platform, Coinbase never disappoints. The largest cryptocurrency exchange in the entire United States has confirmed the launch of Coinbase Pay, which is now “the easiest way for Coinbase users to fund their Coinbase Wallet from the Chrome browser extension and explore web3.”
Coinbase, which brought a number of “experimental tokens” to the platform, brings Coinbase Pay which will make it “easy and intuitive for anyone to participate in DeFi or purchase NFTs, in just a few clicks.”
Coinbase Pay to allow funding of Wallet via browser
Before the firm announced this new feature called the Coinbase Pay, “users who wanted to add funds to their Coinbase Wallet from the browser extension needed to navigate to Coinbase.com, sign in to their account, copy-paste their wallet address, and manually transfer funds from their Coinbase account,” noted the blog.
However, as per the announcement from the official blog of the cryptocurrency exchange, the payment system makes the entire process faster, easier, and more secure as compared to the previous days.
The blog described the entire process that Coinbase Pay users must follow:
“All you need to do is select ‘Add crypto with Coinbase Pay’ when you want to add crypto to your Coinbase Wallet extension. Next, you simply select the currency you want to add to your wallet, specify the amount, confirm the transaction–and that’s it. No more switching between apps, copy-pasting addresses, and manually transferring funds.”
Coinbase Wallet users that are using the digital wallet for the first time will need to link their self-custody wallet to the account details that they have for the cryptocurrency exchange in order to completely use the Coinbase Pay feature. Moreover, Coinbase Wallet, which had recently integrated Ledger Hardware Wallet, aims to become a “user-friendly and accessible self-custody wallet in the world.”