NEWS  Apps  February 28, 2024  Reading time: 2 Minute(s)

Max (RS editor)

Brave Browser has unveiled an exciting update for cryptocurrency enthusiasts and investors alike. With the release of Brave 1.63 on desktop, users now have the ability to create Native SegWit Bitcoin accounts within their Brave Wallet. This addition not only expands the versatility of Brave's crypto wallet but also brings significant advantages to users, including reduced transaction fees and enhanced error detection capabilities compared to other Bitcoin account types.

Prior to this update, Brave Wallet already boasted support for Legacy, Nested SegWit, and Taproot accounts. However, the introduction of Native SegWit support further solidifies Brave's position as a comprehensive and user-friendly wallet solution. Importantly, this enhancement ensures compatibility with a wider range of wallets, offering users seamless integration across platforms.

James Mudgett, VP of Web3 Products at Brave, emphasized the company's commitment to prioritizing security and privacy in Brave Wallet. He stated:

"Our aim with Brave Wallet is to offer the most secure and privacy-considerate software wallet for everyday use."

This dedication underscores Brave's proactive approach to safeguarding users' assets in an ever-evolving digital landscape.

Looking ahead, Brave has outlined ambitious plans for the continued development of its wallet ecosystem. In the coming months, users can expect support for shielded Zcash transactions, further enhancing privacy features within Brave Wallet. Additionally, Brave aims to expand its support for Bitcoin account types, enabling users to store BRC-20 tokens and Ordinals directly within the wallet interface.

The decision to prioritize Bitcoin compatibility reflects Brave's recognition of the cryptocurrency's enduring relevance and growing institutional adoption. With Bitcoin approaching its 15th anniversary, Brave acknowledges its status as a resilient asset class and seeks to empower users with seamless access to this digital asset.

For users eager to take advantage of the new Native SegWit feature, the process is straightforward. Simply update Brave on your desktop, access Brave Wallet, navigate to the menu, and select "Create account". From there, choose Bitcoin, and you'll have your Native SegWit Bitcoin wallet ready to use.

For those unfamiliar with Brave Wallet, it offers a convenient solution for storing, swapping, and managing crypto assets across multiple blockchains. As a browser-native wallet, Brave eliminates the need for additional downloads or extensions, enhancing both security and convenience for users.

 IMAGE CREDITS: BRAVE