Coinbase 2023 Wallet Review | Will It Change the Way You Store Crypto?
Jack Moreau
Feb 2023
6 min to read
Fact checked
Introduction: Are you looking for a secure and anonymous crypto wallet to store your digital assets? Coinbase Wallet might be the perfect choice for you. In this article, we’ll take an in-depth review of the Coinbase Wallet app and explore its features, usability, and security. Read on to learn more about this wallet and its features.
Coinbase Wallet is an open-source non-custodial cryptocurrency wallet that was launched by Coinbase in 2018. Coinbase which is one of the biggest cryptocurrency exchanges in the world launched a non-custodial wallet to provide users with an option that gives them full control over their digital assets.
Coinbase Wallet
The Coinbase Wallet was initially released as a mobile app for iOS and Android in 2018. In 2019 Coinbase also released its web browser extension. With the Coinbase Wallet, users can manage their cryptocurrencies in a private and secure manner.
Besides basic features such as storing, sending and receiving coins, users can also interact with decentralized applications (dApps) on supported blockchains like Ethereum, Avalanche, Solana and others.
The Coinbase Wallet has in a short time seen steady growth and is now one of the most popular mobile cryptocurrency wallets in the world with millions of users.
Coinbase Wallet Supported Platforms
At the time of writing, the Coinbase wallet is available to download either on mobile or through browser extension.
Coinbase Wallet App
The Coinbase mobile wallet is a self-custody cryptocurrency wallet available for iOS and Android devices. It is a free and easy-to-use wallet for managing digital currencies like Bitcoin and Ethereum.
The mobile app allow users a simple way to store their digital assets, buy NFTs, earn staking rewards on their assets and access DeFi. DeFi dApps like Uniswap and Aave can easily be accessed through the browser available within the app. Users can further trade, swap and lend their assets within the Coinbase Wallet.
Coinbase App
The mobile app supports blockchains like Bitcoin, Ethreum and all EVM compatible blockchains like Avalanche, BSC, Polygon, Fantom, Evmos and others. In addition to these, users can also receive assets via Bitcoin Cash, Dogecoin, Ethereum Classic, Litecoin, Stellar and XRP.
At the time of writing, the apps are available in 25 languages in over 170 countries and have more than 5 million downloads. The mobile wallet has a 4.2 rating on Android with 56,000 reviews.
Coinbase Wallet Browser Extension
The Coinbase browser extension allows users to access and manage their funds directly from their browsers. The browser extension presently has over 1 million downloads and is available for Chrome and Brave browsers.
With the Coinbase Wallet extension, you can access and interact with web3 and thousands of dapps across Ethereum and all EVM-compatible networks, such as Avalanche, Polygon, BNB Chain, and more. Additionally, Coinbase wallet extension allows you to easily send and receive Solana and SPL tokens.
Using the Coinbase Wallet extension, you can explore decentralized finance (DeFi) and try decentralized applications (dApps) across multiple blockchains. You can also store your NFTs, swap and bridge assets and trade thousands of tokens on different DEXes.
Coinbase Wallet Exchange
Whether on mobile or the browser wallet, Coinbase offers users the ability to swap between their assets. These swap services are possible via integrations to third party decentralized exchanges in the backend. Coinbase currently charges a flat fee of 1% on all swaps on top of the network fee that is paid to the validators of the network.
The swaps will execute at a price within 3% of the estimate or the transaction will not go through. At the time of writing, swaps are available for coins based on Ethereum, BSC, Avalanche, Polygon and the Solana Blockchain.
Coinbase Wallet Supported Coins
Coinbase wallet supports 100s of thousand of cryptocurrencies in its wallets. These includes coins and tokens available on Bitcoin, Ethereum, Solana, Avalanche and many other blockchains. The Coinbase wallet provides one wallet address for each available blockchain where users can receive all the corresponding tokens from that blockchain.
Coinbase Wallet Customer Support
The customer support of the Coinbase wallet provides users with access to a variety of resources. To begin, users have access to a knowledge base of frequently asked questions (FAQs). The FAQs provide a range of topics that include troubleshooting, account creation, and more. The Coinbase team is also available to answer any questions users may have via email, phone, or live chat.
Coinbase Wallet Support
Is Coinbase Wallet Safe?
Coinbase is a popular digital currency exchange and wallet service. Coinbase offers a non-custodial wallet service, meaning that your digital currency is stored in a secure, distributed ledger, not on Coinbase's servers.
A non-custodial mobile wallet is a type of cryptocurrency wallet where the user holds the private keys to their funds, rather than the funds being held by a third party such as an exchange or custodial service.This makes it much more secure than a traditional wallet, which is stored on a single server.
Author
Jack Moreau
Jack is a crypto writer and reviewer who has been active in the space since he caught the crypto bug in 2017. With a passion for trying out new shiny things, Jack is always eager to try the latest cryptocurrency exchanges, wallets or DeFi applications.
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