Coinbase Wallet ReviewBy: Josh MillerUpdated: Thu Mar 16 2023
Coinbase Wallet at a glance
What is Coinbase Wallet
Coinbase Wallet is a new way to send, receive and store cryptocurrency. It's an easy to use and secure mobile wallet, which means you can hold different cryptocurrencies within the same place. While we recommend using our website or software wallet, Coinbase Wallet makes it easy for anyone to get started with sending and receiving cryptocurrency right from their phone.
Pros & Cons
Before we dive into the full review, lets get into the pros and cons of Coinbase Wallet.
- Supports Ethereum and EVM chains.
- Web3 enabled, so you can use DeFi applications, staking tools, NFT marketplaces and more.
- Mobile applications for iOS, Android.
- Browser extension for Chrome.
- Completely free to use/download.
- Open source.
- Does not support Bitcoin, the Cosmos ecosystem, the Polkadot ecosystem, Tron, Algorand.
- Does not have a standalone desktop application.
Table of Contents
- What chains does Coinbase Wallet support?
- Is Coinbase Wallet Web3 enabled?
- Does Coinbase Wallet support Mobile?
- Does Coinbase Wallet support Desktop?
- Is Coinbase Wallet free?
- Is Coinbase Wallet open source?
- Does Coinbase Wallet support in-wallet staking?
- Does Coinbase Wallet support in-wallet swaps?
- Does Coinbase Wallet require you to run a node?
What chains does Coinbase Wallet support?
Coinbase Wallet supports Ethereum and EVM chains. Because Coinbase Wallet supports EVM chains, you get access to a wide range of different chains. Including, but not limited to, Avalanche, Arbitrum, Optimism, Fantom, Gnosis, and many more.
Coinbase Wallet does not support Bitcoin, the Cosmos ecosystem, the Polkadot ecosystem, Tron, Algorand. This limits the number of coins/tokens that you'll have access to.
Is Coinbase Wallet Web3 enabled?
Yes, Coinbase Wallet is Web3 enabled. You can use it to access dApps, DeFi, NFT marketplaces, and more. This enables you to really access what blockchain has to offer, instead of simply storing your coins in your crypto wallet.
Does Coinbase Wallet support mobile?
Yes, Coinbase Wallet supports iOS, Android. Which is great if you own a mobile device with the relevant operating system.
Does Coinbase Wallet support desktop?
No, Coinbase Wallet is not a standalone desktop application. Therefore, it does not support Windows, MacOS, Linux. Although it isn't a standalone desktop application, there are other means of using Coinbase Wallet.
Is Coinbase Wallet free?
Yes, Coinbase Wallet is completely free. You don't have to pay a cent to get access to it. Although this is awesome, you have to bare in mind that free doesn't always mean it's the best option for your needs.
Is Coinbase Wallet open source?
Yes, Coinbase Wallet is open source. You can get access to the code, audit it, and fork it if you wish to. Despite the pros of being open source, it is also a security concern as the code is available for all to see, including hackers.
Does Coinbase Wallet support in-wallet staking?
Yes, Coinbase Wallet allows you to stake in-wallet. This means you can earn passive income from your cryptocurrencies from within your crypto wallet!
Does Coinbase Wallet support in-wallet swaps?
Yes, Coinbase Wallet supports in-wallet swaps. This means you can exchange your coins/tokens for other tokens without going to an exchange. Be mindful that crypto wallets often charge fees for this service.
Does Metamask require you to run a node?
No, Coinbase Wallet does not require you to run a node. This is great because running a node is often expensive, and requires lots of bandwidth and harddrive space. Running a node means you must download the full blockchain!