The built-in Brave Wallet supports receiving and sending funds from all types of bitcoin addresses

Brave privacy web browser has added support for BTC

07.03.2024 - 08:25

103

3 min

What’s new? Privacy-focused web browser Brave, with an audience of over 60 million users, has added bitcoin support to its own built-in wallet. The 1.63 desktop update adds the ability to create Native SegWit bitcoin accounts, which offer lower transaction fees and better error detection than other account types.

Press release

What else is known? In the updated version, Brave Wallet also supports receiving and sending funds from all types of bitcoin accounts including Legacy, Nested SegWit, Native SegWit, and Taproot, providing compatibility with third-party wallets.

The browser’s team plans to introduce additional privacy-enhancing features to Brave Wallet in partnership with Zcash and Filecoin Foundation, as well as provide users with the ability to store BRC-20 and Ordinals tokens. These features are expected to become available in all desktop and mobile versions of the browser later this year.

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Brave Wallet allows browser users to store, exchange, and manage their crypto assets in multiple blockchains from a single wallet. Unlike most crypto wallets, it is built into the browser and does not require any additional downloads or installation of extensions, helping to increase the security and convenience of Web 3.0 tools.

To work with BTC, you need to open Brave Wallet on a Mac, Windows, or Linux device, select “expanded” in the top right corner of the panel, then “Create account” and select “Bitcoin.”

The Brave team notes that bitcoin has stood the test of time and established itself as a stable asset class since its introduction nearly 15 years ago. And its institutional adoption is growing following the approval of spot exchange-traded funds (ETFs) in the United States. As a result, bitcoin has new uses beyond making peer-to-peer payments: the asset has become a store of value thanks to a new wave of innovation led by the decentralized finance (DeFi) and non-fungible token (NFT) sectors.

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Brave’s Vice President of Web 3.0 Products James Mudgett said the company is developing Brave Wallet as the most secure and confidential software wallet for everyday use as the bitcoin ecosystem expands.

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