Coinbase to make self-custody ‘secure and easy to use’ with Block’s Bitkey

Bitkey, a self-custody bitcoin wallet, is slated for a “wider public launch later this year”

article-image

PurpleRender/Shutterstock modified by Blockworks

share

Block’s Bitkey wallet is partnering with Coinbase.

Bitkey, which is a self-custody bitcoin wallet, is also launching its global beta. According to Coinbase’s press release, the public release of the Bitkey wallet is slated for a “wider public launch later this year.”

Beta testers for Bitkey have access to the mobile app. They also receive a hardware device that has a fingerprint sensor, PIN authentication and mobile recovery, according to the website.

Through the partnership, Bitkey wallet holders will be able to buy bitcoin on Coinbase and transfer the BTC to their wallet through Coinbase Pay, with fiat payment method fees. Customers will also be able to transfer existing bitcoin.

“The Bitkey app will display the full cost of the transaction being offered by the different partners so that customers can decide which partner is right for them before redirecting to the partner-hosted experience,” Bitkey’s press release said.

Bitkey also announced a partnership with Cash App, which also integrates the product into the Bitkey app. Cash App was launched by Block — back when it was Square — in 2013.  

“At Bitkey, we’re building a self-custody bitcoin wallet designed to empower the next 100 million people to truly own and manage their bitcoin – safely and easily,” Lindsey Grossman, Bitkey’s business lead, said.

“Partners play a key role in bringing self-custody to a wider group of people around the world, and we are incredibly proud to have partnered with leading companies like Coinbase to make self-custody both secure and easy to use.”

This is the latest foray into bitcoin products for Block, with Jack Dorsey’s company also seeking to disrupt bitcoin mining by creating its own custom silicon for mining hardware.


Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter.

Explore the growing intersection between crypto, macroeconomics, policy and finance with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the Forward Guidance newsletter.

Get alpha directly in your inbox with the 0xResearch newsletter — market highlights, charts, degen trade ideas, governance updates, and more.

The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.

Tags

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 18 - 20, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

recent research

Research Report Templates.png

Research

An overview of the Base Ecosystem, with a focus on market leaders.

article-image

Although bitcoin hitting $120k by year’s end is looking unlikely

article-image

About 270 million HYPE has been claimed, valued around $7.6 billion

article-image

Stanford professors David Mazières and Dan Boneh will lead the lab alongside a cohort of graduate student researchers

article-image

With more companies holding BTC, bitcoin yielding strategies could become “a new corporate finance norm,” CoinShares posed

article-image

The proposal comes after Polygon governance considered a controversial use of bridged liquidity for yield

article-image

Can the community balance its decentralized ethos with the need for inclusivity and constructive debate?