Leading crypto exchange Coinbase has launched a new platform that provides users with better access to non-fungible tokens (NFTs) and decentralized finance (DeFi). Dubbed Coinbase Pay, the American crypto exchange explained that its new “Web3” initiative makes it “easy and intuitive” for users to buy NFTs and access DeFi applications.
Furthermore, Coinbase proceeded to explain how users could begin using the new feature. As the crypto exchange platform put it:
“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.”
In addition, users can fund the Coinbase Wallet from the Chrome browser with Coinbase Pay. They can facilitate this without going through stress, including copying and pasting addresses or manually transferring crypto assets from their Coinbase accounts. However, first-time users of Coinbase Wallet will have to first link their self-custody wallets to their Coinbase accounts. According to an official blog post, this step is necessary to access Coinbase Pay.
Coinbase Wallet debuted as a browser-based self-custody wallet back in May 2021, initially launching as a browser extension on Google Chrome. Eventually, it also debuted as an app for both iOS and Android devices.
Image Credits: Pixabay
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