A Brief Overview of Coinbase crypto Wallet in 2020
Coinbase is a brand name in the world of cryptocurrencies, widely regarded for their Coinbase exchange services like Binance, Bittrex, and Kraken, etc. Moreover, Coinbase also offers its users web-based wallet services to store their crypto-assets. Additionally, the platform provides the opportunity of vault services where users can have full control over their private keys. Users can easily send and receive crypto-assets by using specific addresses while crypto transactions inside the platform are with further ease.
The Coinbase crypto Wallet app is a standalone application, different than the Coinbase exchange platform. Users can use the Coinbase Wallet app without having a Coinbase account. Users cant connect Coinbase Wallet to their bank account but have the freedom to use Coinbase Wallet anywhere around the globe.
Coinbase Wallet Security
The platform offers a high degree of security including multi-sig and two factors authentications that make it one of the secure crypto wallet platforms.
Support for digital Coins
Coinbase Wallet Services
The wallet offers the following facilities to:
- Receive airdrops and ICO tokens.
- Buy and store crypto collectibles
- Send and receive payments to anyone around the world.
- Access to decentralized crypto exchanges and relayers to trade tokens.
- Explore the third party decentralized applications(dapps).
FAQs about Coinbase Wallet
Some of the frequently asked questions about Coinbase wallet are,
Why should I use Coinbase Wallet?
Coinbase Wallet offers the access to buy and store ERC-20 tokens, participation in ICOs, airdrops, access to decentralized apps (DApps), buy at stores, and places where cryptocurrencies are accepted. Moreover, users can send crypto-assets to anyone around the globe.
Users can interconnect their Coinbase.com account to Coinbase Wallet and can transfer crypto-assets between them.
Is Coinbase wallet legit?
Coinbase Wallet is a crypto wallet and owned by the Coinbase, a well-known, trusted exchange in the area of cryptocurrencies.