The integration of Coinbase Pay into the Core browser extension marks a significant step forward in simplifying the process of converting fiat currency to cryptocurrency. This collaboration provides a streamlined gateway for users to engage with decentralized finance (DeFi), trade non-fungible tokens (NFTs), and conduct transfers across multiple blockchain networks, including Avalanche and Ethereum.
As a licensed and compliant payment service, Coinbase Pay supports over 60 fiat currencies and more than 200 cryptocurrencies. This allows Core users to effortlessly fund their wallets and participate in the broader digital asset ecosystem without the typical complexities associated with traditional on-ramps.
Simplifying Crypto Accessibility
Entering the cryptocurrency space has historically involved a multi-step process. Users often need to deposit cash into a centralized exchange, purchase digital assets, and then transfer those funds to a separate wallet connected to a decentralized application. This workflow can be time-consuming and confusing for newcomers.
Core’s integration with Coinbase Pay eliminates these hurdles. It creates a direct and efficient channel between fiat currency and dApp interaction, significantly enhancing the user experience.
Benefits for Existing and New Users
For individuals who already have a Coinbase account, the process is remarkably straightforward. They can transfer their existing Coinbase balance directly into their Core wallet without creating new accounts or undergoing additional registration steps. Buying cryptocurrency becomes as simple as completing a payment via ACH transfer, credit card, or debit card.
New users are also well catered for. They can now create a Coinbase account directly through the Core interface and immediately use it to purchase crypto and fund their Core wallet. This seamless onboarding process is designed to welcome a new generation of users into the Web3 space.
Coinbase is a foundational pillar of the crypto economy, facilitating over $1.2 billion in daily trading volume and serving more than 100 million users across 100+ countries. Its integration into Core represents a major advancement in making crypto participation more accessible to a global audience.
How to Use Coinbase Pay in Core
Getting started with Coinbase Pay within the Core extension is a user-friendly process. Follow these steps to purchase crypto or transfer assets:
- Open your Core browser extension and click the Buy button.
- From the list of available options, select Coinbase Pay.
- You will be prompted to log in to your existing Coinbase account or create a new one.
- Once connected, you can use fiat to purchase cryptocurrencies or transfer digital assets directly from your Coinbase account to your Core wallet.
This integration is a testament to Core's ongoing commitment to setting the standard for the best user experience in a crypto wallet. The team continues to develop new features and expand partnerships to improve the journey for all users.
Akash Gupta, Director of Product Management at Ava Labs, stated, "The Core team is dedicated to democratizing cryptocurrency participation and simplifying the purchasing process, which is why we integrated Coinbase Pay. The crypto landscape is fragmented and notoriously complex, but Core has successfully streamlined these steps for new and existing users. Integrating Coinbase Pay takes Core's user-friendliness to the next level."
👉 Explore seamless onboarding solutions
Frequently Asked Questions
What is Coinbase Pay?
Coinbase Pay is a licensed payment service that allows users to seamlessly convert fiat currency into cryptocurrency. It supports dozens of traditional currencies and hundreds of digital assets, providing a secure bridge between the traditional financial system and the crypto economy.
Do I need a separate Coinbase account to use this?
You can use the service whether you are a new or existing user. Current Coinbase account holders can log in directly, while new users can create a Coinbase account through the Core interface without needing to visit another platform.
Which networks and assets does this support?
The integration allows you to fund your Core wallet to participate on numerous blockchains, including the Avalanche and Ethereum networks. The specific cryptocurrencies available for purchase will depend on the offerings within your Coinbase account and regional regulations.
Is this service available worldwide?
Availability is subject to regional regulations. While Coinbase Pay serves over 100 countries, it is best to check the specific services offered in your location within the Core and Coinbase interfaces.
How does this improve the user experience?
It consolidates a multi-step process into a single, seamless flow within the Core wallet. This removes the need to transfer funds between an exchange and a wallet, saving time and reducing complexity for users who want to interact with dApps.
Are there any fees associated with using Coinbase Pay?
Standard processing fees from Coinbase may apply for certain transaction types, such as credit card purchases. It is advisable to review the fee schedule on the Coinbase platform during the transaction process for complete clarity.
The integration of Coinbase Pay is currently exclusive to the Core browser extension, providing a secure and integrated environment for managing digital assets. This move is a part of a broader mission to break down barriers to entry and empower more people to explore the potential of decentralized applications and the rapidly growing Avalanche ecosystem.