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Coinbase Wallet Review 2026
With so many hot wallets for storing your cryptocurrencies, we decided this Coinbase Wallet review might help you narrow down some options. Hot mobile wallets are convenient, especially for beginners in the cryptocurrency world, as they make it easy for anyone to access their digital assets anywhere on the go. We’ll jump into all the must-have features and functions of this wallet option, so you can see if it’s a good fit for you.
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Coinbase Wallet Overview
- Non-custodial wallet developed by Coinbase team
- Easy to swap assets between Coinbase wallet and Coinbase exchange
- Support for over 100 crypto assets including Bitcoin, Ethereum and USDC
- One of the most secure software-based wallets
- Ability to store NFT assets
Coinbase Wallet Review: Pros & Cons
Pros
Completely free wallet with intuitive interface (especially for anyone familiar with Coinbase)
You can store most major cryptocurrencies on Coinbase wallet
Very high level of security with a support team available
Cons
Could improve in terms of supported cryptos
Features the risks of a hot wallet
Support isn’t always the most helpful
Coinbase Wallet Overview
With an easy-to-use interface, Coinbase Wallet is a Dapp browser and mobile wallet that is ideal for storing, sending, and receiving Ether as well as ERC20 tokens. It also supports the storage of other cryptocurrencies such as Bitcoin, Litecoin, Ethereum Classic, 0x, and Bitcoin Cash, and more.
Users can access their funds on mobile anywhere, anytime. The private keys that belong to your wallet are stored securely on the device you are using, which minimizes the chances of any loss or risks of hacks on centralized platforms.
Coinbase Wallet is often conflated with the main Coinbase crypto exchange platform, but these are different applications. For starters, the Coinbase Wallet is a decentralized application, while the main Coinbase exchange wallet is only available on the exchange platform. Established in 2018, Coinbase Wallet is also one of the more recent wallets in the market and serves as a decent decentralized alternative, especially for the many users of the main Coinbase exchange.
Is Coinbase Wallet Good for Beginners?
Our Coinbase Wallet review would be remiss if it didn’t address the needs of beginners to crypto. Fortunately, it has an easy-to-use interface with a clean design and setting up your wallet is also quite easy. You just download the app and insert the credentials of your account. Be sure to write down the recovery phrase and store it in a secure location for whenever you need to recover your account, taking extra care not to lose it.
The wallet also lets you set up a two-factor authentication process that adds an layer of extra security to your account login, which is highly recommended. With a sleek and clean interface, the Coinbase Wallet stands out for its simplicity, especially for beginners.
Top Features
The wallet’s best feature is its seamless interaction with the main Coinbase crypto exchange platform, making it easy for Coinbase exchange users to move tokens back and forth between both platforms. Given that the Coinbase exchange comes with cold storage custody that is insured, wallet users can move their tokens to the main Coinbase Crypto Exchange to enjoy such benefits.
Coinbase Wallet also stands out for its high-security. With the app installed on your device, you are in control of all your private keys, which are stored securely on your mobile phone. This simply means you have full autonomy of all your funds without being subjected to risks of hacks or loss by centralized entities.
Supported Cryptos
Coinbase Wallet supports similar cryptocurrencies as you would find on Coinbase, which is just above 100 coins.
You can store your Bitcoin, Litecoin, Bitcoin Cash, Ethereum, and the many ERC20 tokens found in the Ethereum ecosystem. Other cryptocurrencies such as Dogecoin, Lumens, and XRP are also supported.
Security and Customer Support
As with any hot wallet, the risk of security issues is always a concern. Coinbase wallet has strong support for customer service and boasts of a high level of security that ensures your funds are safe at all times.
To ensure greater safety, all users should also opt for two-factor authentication to validate each transaction they make on the app, reducing the chances of any fraudulent activities.
Potential Dealbreakers
Coinbase wallet is a good option for beginners and those who also use the Coinbase exchange platform.
It also provides a no-frills approach to anyone looking to store their funds securely and move them around easily on decentralized applications (dApps). The mobile wallet, however, could improve on the number of tokens supported by way of adding more cryptocurrencies to its repertoire.
Coinbase Wallet Frequently Asked Questions
As a dApp browser, you have full ownership of the private keys in your wallet. This means that you are always in full control of your funds as the private keys are stored on the device where the wallet is hosted. This also gives you control of the wallet, as no one else has access.
If you like to have control of your funds, using Coinbase Wallet is a good move. However, if you are not comfortable with the idea of being in charge of secure storage, Coinbase Pro has custody offers worth looking at.
The Coinbase Wallet only allows you to withdraw in crypto. Therefore to withdraw, select the relevant crypto and select the “sent to” button. You can withdraw to an exchange or a personal wallet address.
You can visit the help page on the Coinbase Wallet site here.
