On October 26, a crypto exchange Coinbase Pro announced the addition of new features: Address Book and Crypto Address Whitelisting.
According to the announcement, the new Address Book available to all Pro customers lets users store any number of addresses, making it easier and safer to send crypto to those addresses you know and trust. Users no longer have to do a manual address lookup, copy, and paste each time they want to withdraw crypto. Instead, they can search an address by its nickname or its first few characters and the Address Book will autocomplete the process. Users can save new addresses to their Address Book after withdrawing crypto to a previously unsaved address.
The new Address Book will also offer optional crypto Address Whitelisting. When a customer enables the feature, sends from the customer’s Coinbase Pro account will be limited to addresses already listed in their Address Book. For additional security, Whitelisting also adds a 48-hour delay to adding new addresses to the your Address Book and disabling the Whitelisting feature.
“We’re committed to being the safest, most trusted and easiest to use platform for trading cryptocurrencies, and these new updates are one more step along this journey,” – reads the announcement.