Coinbase Wallet Allows to Send Coins Using Usernames, ETH Domains
- Coinbase Wallet now allows users to send all cryptocurrency payments to other people’s usernames like @walletfan.

Although traditional cryptocurrency addresses may look secure, related transactions could be panic-inducing as it is pretty easy to make a mistake and irrevocably lose your coins. Today, Cryptocurrency exchange Coinbase has revealed interesting new features that would allow its wallet users to send supported coins using their own personalized human-readable names instead of the standard 42-character public key.
In practice, when users type a recipient’s Coinbase username, the wallet automatically searches the database for the address registered to that account and inputs the associated destination.
Product lead Sid Coelho-Prabhu said in a press release that the initiative would make the user experience easier and friendlier while making it significantly harder for funds to be sent to the wrong address.
Coinbase CEO wins patent to “email” Bitcoin
Furthermore, Coinbase has also integrated the Ethereum Name Service (ENS), which allows users to Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders need to rely on leverage to make financial trading viable. Generally, the higher the fluctuation of an instrument, the larger the potential leverage offered by brokers. The market which offers the most leverage is undoubtedly the foreign exchange market, since currency fluctuations are relatively tiny. Of course, traders can select their account leverage, which usually varies from 1:50 to 1:200 on most forex brokers, although many brokers now offer up to 1:500 leverage, meaning for every 1 unit of currency deposited by the trader, they can control up to 500 units of that same currency. For example, if a trader was to deposit $1000 into a forex broker offering 500:1 leverage, it would mean the trader could control up to five hundred times their initial outlay, i.e. half a million dollars. Likewise, if an investor using a 1:200 leveraged account, was trading with $2000, it means they would be actually controlling $400,000, i.e. borrowing an additional $398,000 from the broker. Assuming this investment rises to $402,000 and the trader closes their trade, it means they would have achieved a 100% ROI by pocketing $2000. With leverage, the potential for profit is clear to see. Likewise, it also gives rise to the possibility of losing a much greater amount of their capital, because, had the value of the asset turned against the trader, they could have lost their entire investment.FX Regulators Clamp Down on Leverage Offered by BrokersBack in multiple regulators including the United Kingdom’s Financial Conduct Authority (FCA) took material measures to protect retail clients trading rolling spot forex and contracts for difference (CFDs). The measures followed after years of discussion and the result of a study which showed the vast majority of retail brokerage clients were losing money. The regulations stipulated a leverage cap of 1:50 with newer clients being limited to 1:25 leverage. In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders need to rely on leverage to make financial trading viable. Generally, the higher the fluctuation of an instrument, the larger the potential leverage offered by brokers. The market which offers the most leverage is undoubtedly the foreign exchange market, since currency fluctuations are relatively tiny. Of course, traders can select their account leverage, which usually varies from 1:50 to 1:200 on most forex brokers, although many brokers now offer up to 1:500 leverage, meaning for every 1 unit of currency deposited by the trader, they can control up to 500 units of that same currency. For example, if a trader was to deposit $1000 into a forex broker offering 500:1 leverage, it would mean the trader could control up to five hundred times their initial outlay, i.e. half a million dollars. Likewise, if an investor using a 1:200 leveraged account, was trading with $2000, it means they would be actually controlling $400,000, i.e. borrowing an additional $398,000 from the broker. Assuming this investment rises to $402,000 and the trader closes their trade, it means they would have achieved a 100% ROI by pocketing $2000. With leverage, the potential for profit is clear to see. Likewise, it also gives rise to the possibility of losing a much greater amount of their capital, because, had the value of the asset turned against the trader, they could have lost their entire investment.FX Regulators Clamp Down on Leverage Offered by BrokersBack in multiple regulators including the United Kingdom’s Financial Conduct Authority (FCA) took material measures to protect retail clients trading rolling spot forex and contracts for difference (CFDs). The measures followed after years of discussion and the result of a study which showed the vast majority of retail brokerage clients were losing money. The regulations stipulated a leverage cap of 1:50 with newer clients being limited to 1:25 leverage. Read this Term their domain names or hostnames (like walletfan.eth) as various identifiers within the Ethereum ecosystem. With more coins picking up support for this protocol, Coinbase clients are now able to reference their wallets and send all the currencies currently supported using a domain name instead of a native Ethereum address.
The standard crypto wallets, originally developed by Satoshi, didn’t involve special measures to recover the lost funds or even private keys, which made it pretty easy to type an incorrect address and send coins to the wrong destination. Due to the low value of Bitcoin at these early days, such mistakes weren’t a big concern, but things have changed after all crypto prices surged in recent years, and holders started to look at more simplified methods to facilitate their transactions.
Earlier in December, Coinbase CEO Brian Armstrong has been granted a U.S. patent associated with the development of a new system to enable users to make Bitcoin payments more easily. The patent, filed by Armstrong in 2015, allows users to make payments directly from their email addresses that are connected to their hot wallets.
The proposed system makes crypto transactions easier for dummies as they can cryptocurrency payments to other people’s email addresses, meaning they don’t need to worry about the intimidating and long crypto address.
Although traditional cryptocurrency addresses may look secure, related transactions could be panic-inducing as it is pretty easy to make a mistake and irrevocably lose your coins. Today, Cryptocurrency exchange Coinbase has revealed interesting new features that would allow its wallet users to send supported coins using their own personalized human-readable names instead of the standard 42-character public key.
In practice, when users type a recipient’s Coinbase username, the wallet automatically searches the database for the address registered to that account and inputs the associated destination.
Product lead Sid Coelho-Prabhu said in a press release that the initiative would make the user experience easier and friendlier while making it significantly harder for funds to be sent to the wrong address.
Coinbase CEO wins patent to “email” Bitcoin
Furthermore, Coinbase has also integrated the Ethereum Name Service (ENS), which allows users to Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders need to rely on leverage to make financial trading viable. Generally, the higher the fluctuation of an instrument, the larger the potential leverage offered by brokers. The market which offers the most leverage is undoubtedly the foreign exchange market, since currency fluctuations are relatively tiny. Of course, traders can select their account leverage, which usually varies from 1:50 to 1:200 on most forex brokers, although many brokers now offer up to 1:500 leverage, meaning for every 1 unit of currency deposited by the trader, they can control up to 500 units of that same currency. For example, if a trader was to deposit $1000 into a forex broker offering 500:1 leverage, it would mean the trader could control up to five hundred times their initial outlay, i.e. half a million dollars. Likewise, if an investor using a 1:200 leveraged account, was trading with $2000, it means they would be actually controlling $400,000, i.e. borrowing an additional $398,000 from the broker. Assuming this investment rises to $402,000 and the trader closes their trade, it means they would have achieved a 100% ROI by pocketing $2000. With leverage, the potential for profit is clear to see. Likewise, it also gives rise to the possibility of losing a much greater amount of their capital, because, had the value of the asset turned against the trader, they could have lost their entire investment.FX Regulators Clamp Down on Leverage Offered by BrokersBack in multiple regulators including the United Kingdom’s Financial Conduct Authority (FCA) took material measures to protect retail clients trading rolling spot forex and contracts for difference (CFDs). The measures followed after years of discussion and the result of a study which showed the vast majority of retail brokerage clients were losing money. The regulations stipulated a leverage cap of 1:50 with newer clients being limited to 1:25 leverage. In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders need to rely on leverage to make financial trading viable. Generally, the higher the fluctuation of an instrument, the larger the potential leverage offered by brokers. The market which offers the most leverage is undoubtedly the foreign exchange market, since currency fluctuations are relatively tiny. Of course, traders can select their account leverage, which usually varies from 1:50 to 1:200 on most forex brokers, although many brokers now offer up to 1:500 leverage, meaning for every 1 unit of currency deposited by the trader, they can control up to 500 units of that same currency. For example, if a trader was to deposit $1000 into a forex broker offering 500:1 leverage, it would mean the trader could control up to five hundred times their initial outlay, i.e. half a million dollars. Likewise, if an investor using a 1:200 leveraged account, was trading with $2000, it means they would be actually controlling $400,000, i.e. borrowing an additional $398,000 from the broker. Assuming this investment rises to $402,000 and the trader closes their trade, it means they would have achieved a 100% ROI by pocketing $2000. With leverage, the potential for profit is clear to see. Likewise, it also gives rise to the possibility of losing a much greater amount of their capital, because, had the value of the asset turned against the trader, they could have lost their entire investment.FX Regulators Clamp Down on Leverage Offered by BrokersBack in multiple regulators including the United Kingdom’s Financial Conduct Authority (FCA) took material measures to protect retail clients trading rolling spot forex and contracts for difference (CFDs). The measures followed after years of discussion and the result of a study which showed the vast majority of retail brokerage clients were losing money. The regulations stipulated a leverage cap of 1:50 with newer clients being limited to 1:25 leverage. Read this Term their domain names or hostnames (like walletfan.eth) as various identifiers within the Ethereum ecosystem. With more coins picking up support for this protocol, Coinbase clients are now able to reference their wallets and send all the currencies currently supported using a domain name instead of a native Ethereum address.
The standard crypto wallets, originally developed by Satoshi, didn’t involve special measures to recover the lost funds or even private keys, which made it pretty easy to type an incorrect address and send coins to the wrong destination. Due to the low value of Bitcoin at these early days, such mistakes weren’t a big concern, but things have changed after all crypto prices surged in recent years, and holders started to look at more simplified methods to facilitate their transactions.
Earlier in December, Coinbase CEO Brian Armstrong has been granted a U.S. patent associated with the development of a new system to enable users to make Bitcoin payments more easily. The patent, filed by Armstrong in 2015, allows users to make payments directly from their email addresses that are connected to their hot wallets.
The proposed system makes crypto transactions easier for dummies as they can cryptocurrency payments to other people’s email addresses, meaning they don’t need to worry about the intimidating and long crypto address.