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Coinbase Wallet Unveils New Features For Safer Web3 Experience

Published 01/31/2023, 04:49 PM
Updated 01/31/2023, 05:00 PM
© Reuters Coinbase Wallet Unveils New Features For Safer Web3 Experience

  • Coinbase (NASDAQ:COIN) has rolled out a new suite of industry-leading safety features.

  • The improvements are aimed at making web3 exploration safer for users.

  • The features were introduced in light of the rising scams and phishing attacks in web3.

American crypto exchange Coinbase has unveiled a series of features for its wallet to make web3 exploration safer for its users. The new features focus on increased transparency, enhanced protection, and greater control, all aimed at providing a secure web3 experience to all users. A recent blog post by the exchange provided further insights into these features.

Coinbase Wallet has introduced two key changes to the transactions on its platform. The first is transaction previews, which allow the user to see how their token and NFT balances will change during swaps, NFT mints, and other transactions. The platform will also display token approval alerts which will show when a decentralized application (dApp) requests permission to withdraw crypto or NFTs.

In the interest of enhanced protection, Coinbase’s security team will flag mali ...

The post Coinbase Wallet Unveils New Features For Safer Web3 Experience appeared first on Coin Edition.

See original on CoinEdition

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