Review on Coinbase Wallet by Danh Huỳnh Ngọc Công
Coinbase - the famous wallet giving premium experience
Coinbase is a wallet that is super famous and its mobile phone app used to be the most downloaded app for a period of time. It's easy to use and the UX/UI is almost seamless. Coinbase offers many services that benefit the users but some of the features are limited in some countries. It is better if Coinbase can be used worldwide
Pros
- - Registration process may take less than 2 minutes if you are used to the platform. I was satisfied with the first stage of my registration
- - Security is a factor that makes you want to consider using the wallet. According to the companies, all cold wallets and the sensitive information about them are stored in various places around the world and hidden from the internet. Therefore, it is hard to get all of them lost or stolen. Additionally, the data was encrypted before coming to the safe locations. All the funds are pegged with insurance for users. To be an employee of Coinbase company, people have to go through many tests, application are controlled with many security factors, and application requires many things to provide the access
- - For now, Coinbase is available in forty two countries, serving twenty million people in total. This means that the wallet is trusted worldwide and it is more likely to be safe for users
- - The wallet support the major coins on the market and all the tokens (both normal tokens and collectible tokens)
- - It is possible for Coinbase wallet users to check their balance in different types of fiat currencies as the wallet support many of them
- - Its design is simple and good. Everything looks very minimal and professional. The wallet targets to be used by everyone and this is a good orientation
- - Coinbase is compatible to the DApps giving it more utilities. For example, decentralized exchanges and relayers to help users buy and sell tokens on their own wallet. This is very convenient that there is no need to get the private keys, hardware, or files from other places or devices. With DApps, users can also find for freelance jobs and get paid like in the smart contracts
- - There is no difficulties in managing, storing, sending and receiving cryptocurrencies on Coinbase. Everything can be processed by pressing some buttons. They simplified every moves on the wallet to serve the community
- - The company is invested very heavily; therefore, the wallet will be come more and more bigger
- - It allows users earn some cryptocurrencies for free by completing their simple MOCC about blockchain
- - They have an referral program rewarding people who invite other people to use Coinbase. The reward is not so bad in my opinion
Cons
- - Many of the features are not available to many countries in the world; therefore, some people can only use the wallet with basic functions
- - There are a lot of similar wallets that have the same functions as Coinbase and they are very popular. For example, Trust wallet and Coinomi wallet are used by a huge number of people, with same or more features than Coinbase but not restricted to any specific countries
- - It should support more language so that customers from many countries can use the product more easily. Currently, the number of available languages are only seven
