Review on Coinbase Wallet by John Aledare
Coinbase wallet: Security is guaranteed
Whenever you hear "coinbase" you would most likely think of the popular cryptoexchange some people don't even know that this crypto wallet exists. Well too bad for them because coinbase wallet is a very nice wallet that I would readily recommend to anybody. Using coinbase wallet comes with a certain level of inner peace because it is one of the safest hot wallets in the industry. It utilizes multiple measures of security like: two factor authentication, multiple signatures, confirmation requests, and so on. One other thing I find intriguing about the wallet is its easy to use, clean interface design. It can be used by beginners all you have to do is to download the mobile app which is available for Android and iOS devices and register ( registration is simple and straight forward). One nice thing thing I noticed is that once I created a coinbase wallet utilizing the services of the coinbase exchange became much easier and smoother. I received access to a crypto vault and my exchange processes became quite seamless. The only disadvantage I can attribute to this crypto wallet is that it only supports a small number of crypto coins. As at the time of writing this review, it only supports 8 cryptocoins ( including all of the ERC - 20 tokens too). Although this isn't too bad for beginners since they mostly deal with the popular cryptocurrencies like Bitcoin and Ethereum.
Pros
- It's easy to use
- It is free to register and deposit
- It has decent fees
- It supports most of the main cryptocurrencies
- It has top notch security
Cons
- It requires constant connection to the internet
- It only supports a small number of cryptocurrencies
- It can never be as secure as a hardware wallet
