oinbase">Coinbase has officially launched its new “smart wallet,” aiming to streamline the cryptocurrency experience for its users. The smart wallet addresses common challenges such as complex onboarding, high network fees, and the need for recovery phrases.
With the new wallet, users can create an account using biometric authentication methods like Face ID or fingerprint, eliminating the need for recovery phrases. This simplifies the onboarding process, making it more accessible to a broader audience.
Additionally, the smart wallet allows users to seamlessly access their self-custodial wallet balance or oinbase">Coinbase account balances, preventing “insufficient balance” errors that often plague crypto transactions.
To alleviate the burden of high network fees, oinbase">Coinbase has integrated gasless transactions, enabling developers to sponsor transactions via paymaster integrations.
The smart wallet currently supports eight major networks, including Ethereum, Optimism, Polygon, and BNB, with plans to add more. By offering multi-network compatibility, oinbase">Coinbase aims to provide users with a comprehensive platform for managing their cryptocurrencies.
With this launch, oinbase">Coinbase is taking steps to enhance the overall cryptocurrency experience, addressing common pain points and introducing innovative features to make on-chain transactions smoother and more user-friendly.
