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Topic: Coinbase wallet stops support for XRP, ETC, XLM and BCH - page 3. (Read 392 times)

sr. member
Activity: 2380
Merit: 366
This came as a surprise to me. They're not really the most popular altcoins but they're still within the top 30 altcoins in the market. And we have many thousands of altcoins.

It is very possible of course that a lot of people have already ceased trading during this crypto winter. With the prices of majority of coins slowly falling down, it is expected that activities would also decrease. But low usage of XRP? It's the top 7 altcoin right now. ETC, XLM, and BCH are also ranked 20 plus. I'm not one of these coins' supporters, but where have they gone?
legendary
Activity: 1820
Merit: 1207
@OP you shouldn't confuse the readers!

Coinbase wallet and Coinbase exchange are different, Coinbase wallet is a non custodial wallet which mean you can get the seed phrase and then import it to other non custodial wallet. This mean anyone that use Coinbase wallet must not panic since you wouldn't loss your coins.

I don't know if Coinbase exchange still support those token or not, but this article only mention about Coinbase wallet only.
legendary
Activity: 3038
Merit: 1024
Leading Crypto Sports Betting & Casino Platform
I think that if it's better if you are still adding a note about it can still be recovered through recovering your phrase to the non custodial wallet. It seems like that if these days coinbase didn't even wanna try to keep the coins with low usage. that's a good decision by coinbase but this exchange site must also think to remove bunch of shit tokens that is still trading at coinbase. Coinbase has been losing its big name due to the listed bunch of shit scam tokens on its exchange site like braintrust.  Cheesy

The users from those coins that were removed by coinbase have been leaving it and they were moving to the non custodial wallet.
hero member
Activity: 3024
Merit: 745
Top Crypto Casino
Those that still have their mentioned assets on Coinbase, you better withdraw it immediately they'll be stopping the support for these by January 2023 as per Coinbase's article but on Coindesk, it says December 5. Although from their website says that it won't be lost because as long as you still have the recovery phrase, you'll still be able to access it but it's better to have it on your own posession before anything else.

As of January 2023, Coinbase Wallet will no longer be supporting the following assets and networks due to low usage: BCH, ETC, XLM and XRP.

And the main reason why they're going to stop supporting these coins because of;

Coinbase cited "low usage" as a reason for delisting the four coins,

Sources:
https://help.coinbase.com/en/wallet/getting-started/what-types-of-crypto-does-wallet-support
Coinbase Wallet to End Support for Bitcoin Cash, Ethereum Classic, Ripple's XRP and Stellar's XLM
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