Coinbase Axes Tipping Feature Following ChangeTip’s Success

Coinbase is shutting down its recently launched tipping feature in a bid to refocus efforts on its core verticals.

AccessTimeIconFeb 11, 2015 at 4:00 a.m. UTC
Updated Sep 11, 2021 at 11:31 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Bitcoin services provider Coinbase has announced it is shutting down its tip button effective 1st April, citing the traction of competitor ChangeTip.

Perhaps most notably, Coinbase will be directing the 10,000 users its service has enrolled to ChangeTip in a bid of industry collaboration.

The company’s blog post reads:

“ChangeTip is an excellent example of a company which uses our APIs, and we’d like to support them instead of competing with them.”

Launched in November, Coinbase's feature was enabled by blogs written by television personality Adam Carolla and bitcoin VC Fred Wilson.

At the time, CEO Brian Armstrong sought to position the tool as one that would help empower content creators and position Coinbase at the forefront of enabling bitcoin micropayments.

Speaking to CoinDesk, ChangeTip CEO Nick Sullivan expressed his appreciation for Coinbase's decision to direct users to its service.

"We're excited to continue building out our tipping product with features and experiences that create delight and joy for our users," Sullivan said.

Supporting core verticals

In comments on Reddit, Coinbase engineer manager Charlie Lee elaborated on the move suggesting that it was done to help divert more resources to the company's core verticals.

Lee went on to indicate that the company was not aware of ChangeTip and its service when it started building the feature.

"The tip button came into existent because we kept trying to find new and novel use cases for bitcoin," Lee explained.

The news follows a heavy period of news for the company following its record-setting $75m funding round, and the subsequent consumer warnings triggered by the launch of its exchange product.

Closed sign via Shutterstock


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.