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Samsung Wallet Adds Crypto Buying With Coinbase Integration

Key Takeaways

  • ​Samsung partners with Coinbase to give 75 million Galaxy users in the US free access to Coinbase One via Samsung Wallet;
  • Galaxy owners can now trade with no fees, enjoy higher staking rewards, and gain added account security protections;
  • Samsung Wallet, first launched as Samsung Pay, now supports crypto buying, deposits, transfers, and digital ID services.

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Samsung Wallet Adds Crypto Buying With Coinbase Integration

Samsung is partnering with Coinbase $3.38B to make digital currencies more accessible on Galaxy smartphones.

The rollout begins in the United States, where about 75 million people will get access to Coinbase One through Samsung Wallet.

According to a blog post published on October 3, Coinbase One normally costs $4.99 a month for the basic plan or $29.99 for the premium plan. For Galaxy users, it will be free.

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The service includes zero trading fees, higher staking rewards, and enhanced security for accounts affected by unauthorized activity.

The option to buy coins directly with Samsung Pay is also being added. That means Galaxy owners in the US can handle crypto transactions through the same app they already use for everyday payments.

Samsung Wallet has evolved since it started as Samsung Pay in 2015. In 2022, it was reintroduced with more features, including support for storing and using crypto.

By the end of July, the wallet could also be used as a payment and deposit method inside Coinbase. Alongside trading, Samsung Wallet supports peer-to-peer transfers, installment payments, and digital identity services.

Shan Aggarwal, Coinbase’s chief business officer, said:

Together with Samsung, we’re pairing their global scale with Coinbase’s trusted platform to deliver the best value for people to access crypto.

John D’Agostino, Head of Institutional Strategy at Coinbase, stated that cryptocurrencies will play a crucial role in how artificial intelligence (AI) operates in the finance industry. How? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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