Review on Coinbase Wallet by Artur Vivo

The-If you are one of the members of the crypto community, then you have probably heard about Coinbase many times. Today we propose to talk about one of its products, the Coinbase Wallet, and let's see what Coinbase wallet offers to its customers today.

The product is presented in two forms: an online wallet as part of an exchange service and a mobile application.

Note that for citizens of Russia, Ukraine and Belarus there are certain restrictions in working with the Coinbase exchange, however, the online wallet, like the mobile version, is available to users from all countries. All users can store, send and receive cryptocurrency, regardless of their location. Having opened the Coinbase wallet, you can see a fairly user-friendly interface. The application is not overloaded with unnecessary menu blocks and even a beginner will understand how to work with it. To make transactions, use the buttons located at the top of the screen.

If someone wants to send cryptocurrency to your wallet, click "Receive" and select the required coin from the list. A window with the wallet address will open in front of you. To transfer data, you can copy an alphanumeric cipher, scan a QR code from the device screen, or send information in instant messengers by clicking on the button in the upper right corner. If you want to transfer cryptocurrency to someone, this is also quite simple to do. Use the "Send" button and select the required coin from the list that opens. Then enter the transfer amount and the recipient wallet address (public key). Check the details of the transaction and confirm its completion.

Also in the application settings, you can link your account with an account on the Coinbase exchange and make transfers between these wallets. I would also like to note that Coinbase Wallet is not only a multi-currency wallet, but also its users can use the browser of decentralized applications dApps.Coinbase Wallet refers to to the hot type of cryptocurrency wallets, which automatically makes it vulnerable to hacker attacks. Nevertheless, the company has foreseen and implemented a number of measures aimed at improving the reliability of the application.

Coinbase Wallet users have access to a system of cold storage of cryptocurrency on servers disconnected from the network. When funds are credited to a wallet, the system separates them and only 2% of the total amount remains on the online resource, and the remaining 98% are sent to offline storage.