Coinbase Unveils Wallet Improvements for Easy Onboarding
Coinbase hopes to revolutionize onchain user onboarding with two new wallet solutions, simplifying the entry for billions.
The Deets
- Smart Wallet Solution: Instant wallet creation in dapps via a passkey, eliminating the need for app downloads or seed phrases.
- Embedded Wallets: Custom, app-specific wallets with email and social login flows, providing a seamless user experience.
- User-Ready on Testnet: Now available for developers on the Base Sepolia testnet, offering a free, secure, and user-friendly platform.
- Feedback Invited: Coinbase encourages developer community feedback to enhance the wallet solutions further.
The Bulk
Coinbase is breaking new ground by introducing two wallet solutions aimed at drastically simplifying the process of bringing users onto blockchain platforms. Recognizing the hurdles that complexity and security concerns pose to new users, Coinbase's offerings are tailored to bridge these gaps.
The smart wallet, part of the Coinbase Wallet SDK, enables developers to facilitate instant wallet creation within their decentralized applications using just a passkey. This sidesteps the need for traditional onboarding processes like downloading apps or managing seed phrases and provides a unified, global wallet that users can carry across hundreds of EVM-compatible dapps.
Meanwhile, the embedded wallet solution, powered by Wallet as a Service (WaaS), allows for the integration of white-labeled, embedded wallets directly within applications. This familiarizes the onboarding experience by leveraging common email and social media login flows.
Both solutions are designed with security, ease of use, and speed in mind, aiming to lower the barrier to entry for onchain applications.
🎤 Platform Prose
One of the biggest barriers to growing onchain adoption is the complexity of the onboarding experience. Users struggle with the core parts of getting started with onchain applications, like seed phrases, transaction signing, and gas fees, and we believe that it needs to be much simpler.Coinbase
🔜 What's Next
As Coinbase continues to refine these wallet offerings, the focus remains on supporting developers with resources, including gas credits and grants, to innovate and push the boundaries of onchain experiences.
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