Coinbase wallet | NFTs & Crypto 17+ - App Store

Coinbase Wallet and Coinbase Exchange share the same brand, they serve different purposes. The Coinbase Wallet is a self-custody solution, while the Coinbase Exchange is a platform where users can buy

Coinbase offers both a cryptocurrency exchange platform and a non-custodial cryptocurrency wallet. The Coinbase Wallet, sometimes referred to as the "Coinbase Mobile Wallet," is a standalone application designed for managing various cryptocurrencies directly from your mobile device. Here are key features and details about the Coinbase Wallet:

1. Non-Custodial Wallet:

  • Coinbase Wallet is a non-custodial wallet, meaning you have full control over your private keys. Unlike the Coinbase exchange, which is a custodial platform, the Coinbase Wallet puts you in charge of your funds.

2. Supported Cryptocurrencies:

  • The Coinbase Wallet supports a wide range of cryptocurrencies, including major ones like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and many ERC-20 tokens.

3. User-Friendly Interface:

  • The wallet is designed with a user-friendly interface, making it accessible to both beginners and experienced cryptocurrency users.

4. Private Key Control:

  • As a non-custodial wallet, Coinbase Wallet provides you with full control over your private keys. This means you are responsible for securely storing and managing your private keys.

5. Security Features:

  • The wallet includes security features such as biometric authentication (e.g., fingerprint or face recognition) for accessing the app.

  • Users can set up a secure PIN code for an additional layer of protection.

6. Backup and Recovery:

  • During the setup process, users are prompted to create a backup of their wallet. This typically involves recording a recovery phrase (seed phrase) that can be used to recover the wallet if the mobile device is lost or replaced.

7. Integration with Coinbase Exchange:

  • While Coinbase Wallet is separate from the Coinbase exchange, users can link their Coinbase Wallet to their Coinbase account for easier transfers between the exchange and the wallet.

8. DApp Browser:

  • Coinbase Wallet includes a decentralized application (DApp) browser. Users can explore and interact with decentralized applications directly from the wallet.

9. DeFi Support:

  • The wallet supports decentralized finance (DeFi) applications, allowing users to participate in various DeFi activities such as lending, borrowing, and decentralized exchanges.

10. Cross-Platform Access:

  • Coinbase Wallet is available as a mobile application for both iOS and Android devices, providing users with flexibility and accessibility.

11. Secure Transactions:

  • Users can send and receive cryptocurrencies securely within the Coinbase Wallet. Transaction confirmations and approvals are typically required for added security.

12. Constant Updates:

  • Coinbase regularly updates the Coinbase Wallet app to enhance security, add new features, and improve the overall user experience.

13. Educational Resources:

  • Coinbase Wallet may include educational resources within the app to help users understand best practices for securing their cryptocurrency holdings.

It's important to note that while Coinbase Wallet and Coinbase Exchange share the same brand, they serve different purposes. The Coinbase Wallet is a self-custody solution, while the Coinbase Exchange is a platform where users can buy, sell, and trade cryptocurrencies with Coinbase acting as a custodian for their funds. When using any cryptocurrency wallet, including Coinbase Wallet, it's crucial to follow best security practices and keep your private keys or recovery phrases secure.

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