The Coinbase Wallet is a standalone app, that allows users to manage their private keys, store their crypto assets securely, and explore the decentralized web with a DApp browser. Not to be confused with the Coinbase app, which is also available on Coinbase.com, the wallet helps users to manage their own private keys and store their crypto assets directly on their devices.
Coinbase Wallet supports quite a number of digital assets such as Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ethereum Classic, and all your ERC20 tokens. Plus, you can interact with Ethereum DApps via its integrated DApp browser giving you access to decentralized exchanges, jobs, and digital collectables such as crypto kitties.
Users that already have a Coinbase account can easily transfer funds between Coinbase.com and the Coinbase Wallet but you don’t need to have an account to use the wallet.
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Coinbase Wallet Browser Extension
Coinbase has now released its own Coinbase wallet extension allowing its users to download an extension into their chrome based browser, and easily and securely connect to DEFI and decentralized apps (Dapp) via the desktop.
Previously, the only way to connect your Coinbase wallet to the likes of UniSwap or Compound is by scanning a QR code using a mobile phone any time you want to connect to a Dapp. However, with the launch of the Coinbase wallet extension, this now works as a bridge to instantly access crypto apps, very similar to the way in which the MetaMask browser extension works.
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“Cryptocurrency is not regulated by the UK Financial Conduct Authority and is not subject to protection under the UK Financial Services Compensation Scheme or within the scope of jurisdiction of the UK Financial Ombudsman Service. Investing in cryptocurrency comes with risk and cryptocurrency may gain in value, or lose some or all value. Capital gains tax may be applicable to profits from cryptocurrency sales.”