Coinbase Wallet Review

Coinbase Wallet Review: Feature, Security, Pros & Cons

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.

Coinbase Wallet Review: How to Use Coinbase Wallet?

Coinbase Referral Code

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.

“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.” 

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8 Responses

  1. Hello,

    Thank you for your tutorials about Coinbase, they are very helpful. I’m really new at this so I’d like to ask you for some help.

    I have a question about Coinbase Wallet: I’ve created a Coinbase account and I’ve transfer a certain amount from my bank account to my Coinbase account (which is not there yet). If I transfer all of it to Coinbase Wallet I can buy or sell criptocurrency through Coinbase Wallet, correct?

    How about withdrawals, can I withdraw money from Coinbase Wallet directly to my bank account or do I have to transfer it firstly to my Coinbase account and then to my bank account? Thank you for your help,

    Cristina

    1. With the Coinbase wallet you can convert from one cryptocurrency to another. However, you will need to use Coinbase.com the exchange to purchase and sell your Bitcoin and other cryptocurrencies to FIAT currencies and withdraw to your bank.

  2. Thank you for this explanation. For the moment I only have a coinbase.com account with an address related to it. My funds were send to an coinbase adresse in a blockchain via third party and I’d like to request a refund of it. Is it correct that I only can ask a refund if I create a coinbase wallet and ask them to send the funds back to the address that will be created in the coinbase wallet ? Thank you for your swift answer.

  3. Coinbase wallet is my favorite wallet for storing cryptocurrencies. I never knew about the wallet until the day my coins got hacked on cryptopia and a friend then recommended it to me.

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