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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
The Coinbase wallet provides the facility to manage, send, receive, and store BTC, ETH, BCH, LTC, ETC, and all ERC-20 tokens.
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.
Can I transfer funds between Coinbase.com and Coinbase Wallet?
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.
