The bitcoin-based startup Bitpay has announced the companyās Bitpay wallet will now feature in-app exchange services so users can purchase bitcoin through Coinbase or Glidera and hold the funds within a non-custodial wallet.
Bitpay Wallet Adds Coinbase Integration for In-App Bitcoin Purchasing
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Bitpay Wallet Adds Coinbase and Glidera Integration for In-app Bitcoin Purchases
Over the past year, a few wallet companies like the Blockchain wallet, Airbitz,Ā Breadwallet,Ā and a few others have added in-app bitcoin purchasing and selling. Now Bitpay is joining this group as the company has announced Coinbase and Glidera integration from within the Bitpay wallet. This means Bitpay wallet users can add to their wallet balances directly from in-app exchange connections.
āThe Bitpay app, gives you full control of your bitcoinās private keys ā Only you have access to your funds,ā explains Bitpayās announcement.
Bitpayās wallet exchange integrations offer the best of both worlds: the convenience of buying bitcoin on an online exchange combined with the hardened security of a true bitcoin wallet.
Integrating an Exchange Into the Bitpay Wallet
To integrate this feature for Coinbase customers: users sign into their Coinbase accounts and go to the ānext stepsā section in the Bitpay wallet and choose ābuy or sell bitcoin.ā From there the user chooses āCoinbaseā (or Glidera) and signs into their account from inside the app. After entering the two-factor authentication, Coinbase users must āauthorizeā the Bitpay wallet to access their Coinbase account and review the appās permissions. Once the app has authorization, Bitpay wallet users can then purchase and sell bitcoin using these exchanges.
Even though non-custodial wallets are secure, Bitpay says that the problem with most of them is they donāt offer a simple way to buy bitcoin from within the interface. The company thinks itās only natural to allow users to add to their wallet balances directly from in-app exchange connections.
What do you think about the Bitpay wallet integrating with Coinbase and Glidera? Let us know in the comments below.
Images via Shutterstock, and the Bitpay wallet.Ā
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