Coinbase has just introduced Coinbase Pay. Through this new feature, users can easily fund their non-custodial Coinbase Wallets without any obstacles.
Before this new feature, users had to sign in to their account, copy-paste their wallet address, and manually transfer funds from their Coinbase account. In addition to being inefficient, the user was left vulnerable to errors and attacks.
How to use Coinbase Pay
Now, users can simply select “Add Crypto with Coinbase Pay” when they want to add crypto to their Coinbase Wallet extension. After doing that, they simply need to select the currency they want to add to their wallet. Then, they need to specify the amount and confirm the transaction. First-time Coinbase Wallet users must link their self-custody wallet to their Coinbase account before being given access to the new feature.
According to Coinbase representatives, “We are continuing to build new features into Coinbase Wallet to make it the most user-friendly and accessible self-custody wallet in the world, making it easier for more users to enter the world of Web3. We will also continue to expand Coinbase Pay to bring the benefits of seamless fiat onramp to the crypto ecosystem.”
Coinbase Pay is currently available to users based in the US and Canada. However, the company confirmed that its team is working on the introduction of the new feature to global users.
In addition to Coinbase Pay, the company has heavily hinted at the rollout of a Coinbase NFT marketplace. To prepare for this launch, Coinbase partnered with top NFT collections, including BAYC, CryptoKitties and CryptoPunks.