Coinbase adds Samsung Pay for crypto payments and deposits

Coinbase has announced that users can now use Samsung Pay within its app to conduct crypto transactions, including purchases and deposits. The feature is rolling out this week and will initially be available to users in the United States and Canada, with plans to expand globally in the near future.

By integrating Samsung Pay, the US-based crypto exchange has streamlined the payment experience for its users. Customers can now make transactions quickly without repeatedly entering their payment details.

Samsung said in a statement, “Starting this week, Samsung Pay will begin rolling out as a payment method and deposit option for trading and funding user accounts within the Coinbase app, the leading cryptocurrency exchange in the US.”

The collaboration between Coinbase and Samsung marks a significant step forward in simplifying crypto payments and is being hailed as a potential game-changer in the digital finance space.

Coinbase initiates Samsung Pay as its new payment method 

Samsung Pay is a mobile payment system that allows users to make purchases directly from their Samsung devices. In addition to Samsung Pay, Coinbase has already integrated other major mobile payment options, including Apple Pay and Google Pay, to enhance user flexibility.

Coinbase has emphasized its commitment to offering simple, secure, and reliable payment solutions. The company plans to expand its support for efficient and user-friendly payment methods as part of this mission.

Explaining its decision to integrate Samsung Pay, Coinbase noted that the growing adoption of digital currencies aligns well with the functionality of Samsung’s mobile payment platform. The company highlighted that Coinbase is designed to be a secure and easy-to-use platform, while Samsung Pay is widely regarded for its convenience and dependability. This combination, Coinbase said, makes it even easier for users in North America to buy cryptocurrency using their mobile devices.

Samsung is dedicated to exploring new and effective mobile user experiences, while Coinbase focuses on becoming a global crypto exchange providing compliant, simple, and accessible crypto services to its users.

Notably, this service will not be available to all Coinbase users in the US and Canada, but only to a few selected users. Next month is the due date for the full rollout to users.

Coinbase aims for super-app status with Base App launch

A few weeks ago, Coinbase introduced a new all-in-one mobile platform called the Base App to expand access to the crypto economy. The app replaced Coinbase Wallet. It integrates a wide range of features, including crypto wallet management, trading, payments, messaging, social networking, and support for mini apps—all powered by Base, Coinbase’s public blockchain built on Ethereum.

Inspired by Asian super apps like WeChat and Alipay, which blend services such as messaging, e-commerce, and financial tools, Coinbase’s Base App is the company’s attempt to replicate that “everything app” experience for Western users. While tech giants like Meta and X have tried to build similar platforms, success has remained elusive outside Asia.

The Base App represents a strategic shift for the company. Rather than focusing solely on crypto traders, it aims to attract a broader audience that may not be deeply involved in cryptocurrency. Analysts see the move as an effort to reduce the firm’s dependence on trading revenue by creating more everyday use cases for blockchain technology.