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”


PurpleRender/Shutterstock modified by Blockworks


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.

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


Upcoming Events

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

Screenshot 2024-05-23 091855.png


Bitcoin L2s aim to boost scalability while preserving decentralization and security, unlocking a better user experience, and new avenues for Bitcoin-powered innovations. However, no existing Bitcoin L2 leverages the full security of Bitcoin.



As part of the #Breakout2024 plans, Radix has introduced Token Trek


House members ask Gensler to keep a “consistent and equitable approach” with ether ETF proposals after the agency approved spot bitcoin ETFs in January


Using old-world instruments to address crypto user experience challenges goes against what this industry set out to do


And, weeks of a potential crypto ETF decision are no stranger to chaos


The FIT21 Act marks the second crypto-focused piece of legislation to advance in Congress this month


More than half of Solana transactions fail