The Coinbase Wallet feature provides a secure encrypted link connecting the browser to the Coinbase Wallet app and letting users access the DApps from anywhere.
By Bhushan Akolkar
Updated
2 mins read
Crypto exchange Coinbase has been introducing several products and services to bring convenience and ease-of-use to its customers. The company has recently introduced a new system called Coinbase Wallet.
The Coinbase Wallet basically establishes a secure bridge between your desktop browsers and the Coinbase Wallet app. As a result, this allows Coinbase Wallet users to explore their favorite decentralized applications (DApps) on any desktop browser.
Coinbase’s Wallet product lead Siddharth Coelho-Prabhu writes that it is for the first time that Coinbase Wallet users will get a desktop DApp through which they can easily access and manage their funds. Furthermore, users can use this DApps anywhere while keeping their funds safe and secure on the Mobile Wallet app.
To start using the Coinbase Wallet feature, you just have to scan the Coinbase Wallet QR code with the Wallet app. The Coinbase Wallet will establish “a secure encrypted link” between your browser and Wallet app. Ultimately, you just need to approve the access to the DApp and you’re ready to go!
The good thing about Coinbase Wallet is that can support simultaneous connections to multiple DApps. Thus, one doesn’t need to scan the QR code every time they want to use a new DApp. Coinbase has successfully tested the Coinbase Wallet feature on different popular browsers Mozilla Firefox, Google Chrome, Opera, Microsoft Edge, and Brave.
In the blog post, Siddharth writes that after the grand success of Coinbase Wallet’s mobile DApp browser, they wanted to bring the same experience on the desktop browsers. Coinbase Wallet’s mobile DApp browser serves hundreds of thousands of users providing the “best-in-class Coinbase Wallet experience – biometric authentication to keep funds secure; encrypted key backups; support for a variety of coins and collectibles; access to the latest dapps – all wrapped up in a beautiful user experience”.
But so far, the Coinbase Wallet experience was only available to mobile devices. Siddharth writes that desktop users had to “resort to installing clunky browser extensions, copying and pasting private keys across devices, and seeing fragmented wallet balances”. Thus, the introduction of Coinbase Wallet helps users to break free from such troubles.
At present, the four DApps supported by Coinbase Wallet provide the decentralized financial (DeFi) services for digital currency holdings. Moreover, before launching Coinbase Wallet approached some of the most popular DApps available in the market.
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
