Coinbase applied for 10 US Patent Applications

Unlike other cryptocurrency exchanges in existense, Coinbase, headquarted in San Francisco, CA, worked hard on the following 10 patent application all dealing with Bitcoin:

1 US Patent 20160344543 Security system forming part of a bitcoin host computer
2 US Patent 20150262176 Hot wallet for holding bitcoin
3 US Patent 20150262172 User private key control
4 US Patent 20150262171 Bitcoin private key splitting for cold storage
5 US Patent 20150262168 Instant exchange
6 US Patent 20150262141 Personal vault
7 US Patent 20150262140 Send bitcoin to email address
8 US Patent 20150262139 Bitcoin exchange
9 US Patent 20150262138 Tip button
10 US Patent 20150262137 Off-block chain transactions in combination with on-block chain transactions

In 2016, Coinbase received US Patent 9,436,935 Computer system for making a payment using a tip button.

A system and method for transaction bitcoin is described. Bitcoin can be sent to an email address. No miner's fee is paid by a host computer system. Hot wallet functionality is provided that transfers values of some Bitcoin addresses to a vault for purposes of security. A private key of a Bitcoin address of the vault is split and distributed to keep the vault secure. Instant exchange allows for merchants and customers to lock in a local currency price. A vault has multiple email addresses to authorize a transfer of bitcoin out of the vault. User can opt to have private keys stored in locations that are under their control. A tip button rewards content creators for their efforts. A bitcoin exchange allows for users to set prices that they are willing to sell or buy bitcoin and execute such trades.