Coinbase Wallet Review

 

Coinbase Wallet is the company’s free-to-use digital wallet for crypto assets. It offers a user-friendly interface and a secure storage option that qualifies you for airdrops. It can also be connected to the Coinbase exchange for convenient trading. It is a non-custodial wallet with hot storage and supports a wide range of cryptocurrencies. It has a zero hacking history and follows industry standards for security. Its web traffic is encrypted with https and sensitive data is split with redundancy and backed up on FIPS-140 USB drives that are stored in secure vaults.

When you create a Coinbase Wallet account, you’ll receive a 12-word recovery phrase. This is the key to your wallet and you should never share it with anyone. You can also back up your wallet to a computer, mobile phone, or cloud storage. If you do backup your wallet, make sure that the recovery phrase is kept safe and offline, just like a private key.

After completing the Coinbase钱包下载 signup process, you can add funds to your Coinbase Wallet using bank transfer or a credit card. You can also send crypto to friends and family by giving them your Coinbase Wallet address. However, be aware of the fees associated with these transactions. These fees are charged by the blockchain network, not Coinbase.

One feature of Coinbase Wallet that sets it apart from other wallets is its ability to connect with hardware wallets. Adding a Ledger wallet to your Coinbase Wallet gives you an additional layer of security by storing your keys offsite, away from cyber attacks. This makes it hard for attackers to steal your coins if they gain access to your laptop or desktop.

Another great thing about Coinbase Wallet is its simple app setup and use. Getting started is as easy as entering basic personal information and creating a password. After creating a password, you’ll be asked to verify your identity. This is required to protect your cryptocurrency and prevent fraud.

One thing that can be frustrating is the lag time when using Coinbase Wallet. The Coinbase team has been working on this issue and the service should improve over time. You can also find a lot of information on the Coinbase website to help you get the most out of your Coinbase wallet.