Review on Coinbase Wallet by kamil tozosama

Name: Coinbase Wallet
Item: Coinbase Wallet
Rating: 4

June 27, 2019

Coinbase Wallet Review

Coinbase wallet is a cryptocurrency wallet where you can store your bitcoins. you can also use coinbase to purchase and sell cryptos including bitcoin and litecoin. it's also very easy to send bitcoins from one user to another. the security of the wallet is great which includes a twp factor authentication and wallet insurance to make sure you won't lose your money.
﻿
I use coinbase as a personal wallet because it allows me to have my coins in a secure purse with 2FA enabled and also sell or buy if necessary, the use of the application does not have any additional cost other than the fees of shipping or purchase and sale.
﻿
I recommend you coinbase since it is a well-known company with many reputable investors behind you so you can be sure that your cryptocurrencies will not disappear in any case. Also coinbase is one of the few regulated Bitcoin companies.
﻿

Pros

The coinbase wallet is very easy to use and is especially useful for those novices who wish to store their bitcoin without learning the technical details of the Blockchain network.
In this wallet you can store different currencies that are expanding over time although it currently supports BTC, BCH, ETH, XPR, BAT, and some coins.
The best thing about this wallet is that being in the cloud you do not need to download the chain of blocks on your computer that would cause space problems because it takes several GB.
The security of this application allows you to limit daily withdrawals and enable 2FA through the google app or via SMS.
The same platform allows you to easily buy and sell your currencies and change them to USD, EUR or whatever the local currency of the country in which you reside.

Cons

The only thing I do not like about coinbase wallet is that it requires identity verification which is annoying for many people who do not want to give their private information to have a bitcoin wallet.
Also I do not like the amount of minimum confirmations that they ask for the coins, they make the deposit processes are too slow, ask for 6 confirmations for coins as BCH seems too much to me.