Coinbase.com Users Can Now Send Crypto Directly to Firm’s Wallet App

Coinbase has launched a new feature allowing user to directly transfer cryptocurrency holdings on Coinbase.com to accounts in the firm’s Wallet app.

Coinbase has launched a new feature allowing user to directly transfer cryptocurrency holdings on Coinbase.com to accounts in the firm’s Wallet app.

The San Francisco-based cryptocurrency exchange announced the news in a blog post on Tuesday, saying that users will be able to link their accounts once the app gets updated in the “next few days.”

“Once your Coinbase account is linked, you can easily transfer crypto to your Wallet app with just a couple of clicks, anytime you need it,” the exchange said.

Coinbase explained that with the Coinbase.com account, users can buy cryptocurrencies and the exchange itself stores the keys centrally. However, with the Wallet app, users safeguard their own private keys.

The new feature is optional. After the app update is released, users will receive an in-app notification to “Connect to Coinbase” to link the accounts if they so choose.

The account linking can be turned on or off at a later date from the Settings menu, the exchange said, adding that the feature would add convenience for Coinbase users that regularly transfer funds from their Coinbase.com account to a software or hardware wallet.

Coinbase is also planning a future update that will allow cryptocurrencies to be directly sent to users’ Coinbase.com accounts from the app.

Coinbase has added a series of new features to the Wallet app lately. Last month, the app announced support for bitcoin (BTC), bitcoin cash(BCH) and litecoin(LTC) on both iOS and Android.

Also in February, Coinbase announced that Wallet users would be able to back up their private keys on personal cloud storage platforms Google Drive and Apple iCloud.

App images courtesy of Coinbase

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Trust Wallet adds support for Ripple (XRP)

Trust Wallet, a Binance-backed multi-cryptocurrency wallet and decentralized application (DApp) browser, today announced it has integrated support …

Trust Wallet, a Binance-backed multi-cryptocurrency wallet and decentralized application (DApp) browser, today announced it has integrated support for Ripple (XRP), the native asset of the cross-border blockchain powered payment network.

To submit transactions, an address must hold a minimum amount of XRP in the shared global ledger. Users can not send this XRP to other addresses. To fund a new address, users must send enough XRP to meet the reserve requirement. The current minimum reserve requirement is 20 XRP.

The official Binance wallet works seamlessly with the Binance DEX, allowing users to make instant trades on the decentralized exchange. It features full support for any ERC20 and ERC223 tokens on the Ethereum network.

Trust Wallet’s Web3 Browser allows users to interact with decentralized apps (DApp) directly from the wallet, available on Android and iOS. The wallet also supports credit card purchases with Binance’s recent integration with Simplex.

Other coins supported by Trust Wallet include: Ethereum, Ethereum Classic, GoChain, POA Network, VeChain, Tron, Wanchain, Callisto, ICON, Bitcoin, Litecoin, Bitcoin Cash, TomoChain, Dash, Zcash, and Zcoin.

“We want to increase access to crypto and decentralized applications for all users. Adding credit card payments is one piece to furthering cryptocurrency adoption and realizing our larger vision in helping to bring the freedom of money, and we will continue to integrate more blockchains and features to Trust. Our recent open-sourcing of Trust Wallet Core also makes it easy for developers to integrate new blockchains and we encourage everyone to check out the library.”

Viktor Radchenko, Founder of Binance’s Trust Wallet

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Trezor Responds to Questions regarding Cryptocurrency Wallet Vulnerabilities, Defends Against …

Yesterday, Ledger and their internal hack team Ledger Donjon, published a highly critical blog post targeting Trezor and their cryptocurrency wallets.

Yesterday, Ledger and their internal hack team Ledger Donjon, published a highly critical blog post targeting Trezor and their cryptocurrency wallets. The post highlighted multiple vulnerabilities regarding the Trezor products where devices could be hacked. One of the identified issues was deemed “unable to patch.”

Today, Trezor has responded to the claims in a blog post of their own.

Trezor stated that none of the vulnerabilities could be exploited remotely as a hacker would have to have physical access for an attack. Additionally, the mission of hardware wallets is to:

“..protect users and funds against malware attacks, computer viruses, and various other remote dangers (like stealing all funds from Ledger via the Stealth Change Address).” [emphasis added]

The TDLR version is here:

  • Supply Chain Attack: Out-of-scope, affects all hardware in transport, no 100% solution, all companies have different methods to mitigate this
  • Software Crappy Attack: Non-exploitable, patched
  • Side Channel PIN Attack: Patched
  • Side Channel Attack Scalar Multiplication: Non-exploitable, PIN required
  • Surprise Concluding Attack: Not disclosed fully, implications for all hardware devices based on ST microchips, mitigated by passphrase

Trezor also provided an updated image defending their products against Ledger’s claims.

You can read the dust-up here.

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Binance’s Trust Wallet adds XRP and credit card support

Binance may be down for maintenance but it’s still making strides. Its official cryptocurrency wallet, Trust Wallet has added support for XRP after …

Binance may be down for maintenance but it’s still making strides. Its official cryptocurrency wallet, Trust Wallet has added support for XRP after recently launching zCash and Tron.

This brings the total number of cryptocurrencies Trust Wallet supports to 17, in line with its major competitors, such as Coinbase Wallet. And to keep up with the neighbors, Trust Wallet similarly features a dapp browser and is compatible with ERC-20 tokens.

In a similar move to the Binance exchange itself, it has also integrated credit card support to allow its users to purchase cryptocurrencies more easily. It has done so through a partnership with payment processor Simplex. This puts it snuggly among a small group of wallets that have credit card support.

Trust Wallet also aims to integrate with Binance’s upcoming decentralized exchange, which is expected to go fully live in Q2, 2019, and which we previewed here. It will be the exchange’s native wallet, allowing users to make trades while keeping hold of their own cryptocurrencies—in theory, this should be much safer.

The wallet also has ambitious plans for 2019. It aims to add support for even more cryptocurrencies as well as adding integration for hardware wallets, a more secure way of storing cryptocurrencies. It means a user can keep their coins secured on their own physical device but is still able to trade coins with other users—a step forward in security and flexibility. If only Binance was online to see it.

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In 2019, You Need a Mobile Crypto Hardware Wallet

In these days 5G has become a hot topic in the global hi-tech industry. Mobile Internet has become an irresistible trend. We will be able to …
Mar 12, 2019 at 14:35 // News

Mobile Internet has become an irresistible trend.

In these days 5G has become a hot topic in the global hi-tech industry. Mobile Internet has become an irresistible trend. We will be able to communicate with people and machines around the world anytime and anywhere. However, in the crypto assets world, the reality is that most people can only use PC-based wallet. You have to sit down to open the computer and operate step by step, while the cryptocurrency market may have undergone huge fluctuations, which seriously affect the user’s experience and benefit.

In 2019, the cryptocurrency market will be still a state of continuous fluctuation. It is a necessity for crypto investors to manage crypto assets safely and conveniently anytime and anywhere. In the field of crypto hardware wallet, the global major products is embracing the trend of mobile, and going to develop mobile products. The mobile hardware wallet will support users manage their coin everywhere, and trade their coin at any time.

Ledger, the famous hardware wallet as we know, has released a new hardware wallet mobile oriented in early 2019,that can be used with smart phone. At the same time, we also found another popular cryptocurrency hardware wallet, ELLIPAL, the first to launch the mobile hardware wallet in 2018, and has been shipped to more than 40 countries.( www.ellipal.com?utm_source=0306)

ELLIPAL focus on protecting your cryptocurrency with the first truly connection free hardware wallet with mobile phone support, and giving one-stop services. ELLIPAL hardware wallet is air-gapped from all physical and network connections, protecting your private key from hackers. In particular it’s large-screen makes users to use all functions by click the touch screen, and get the clear and convenient experience. And ELLIPAL App is a user-friendly App providing all the functions users need. Users can get market quotes, read news, make exchanges and payments in the App. Many users said ELLIPAL is the next generation hardware wallet they have been looking for.

Now we find more and more hardware wallets like Ledger and ELLIPAL will develop the mobile product in the crypto hardware wallet market. Having a mobile hardware wallet and keeping cryptocurrency safely everywhere will become the user’s basic requirements. So it’s time for getting your mobile hardware wallet!

Disclaimer. This article is paid and provided by a third-party source and should not be viewed as an endorsement by CoinIdol. Readers should do their own research before investing funds in any company. CoinIdol shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any such content, goods or services mentioned in this article.

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