Goodreads helps you follow your favorite authors. Be the first to learn about new releases!
Start by following What is the downside of Coinbase Wallet?Security in Question.

What is the downside of Coinbase Wallet?Security in Question What is the downside of Coinbase Wallet?Security in Question > Quotes

 

 (?)
Quotes are added by the Goodreads community and are not verified by Goodreads. (Learn more)
Showing 1-1 of 1
“What is the downside of Coinbase Wallet?Security in Question

Understanding the Drawbacks of Coinbase Wallet【+1-818-233-0546】

Coinbase Wallet is widely appreciated for its clean design【+1-818-233-0546】 and smooth integration with the Coinbase exchange【+1-818-233-0546】. But beneath its user-friendly surface, there are a few important limitations to keep in mind.

To start, although it’s a non-custodial wallet【+1-818-233-0546】, its close ties to Coinbase can impact privacy. Transactions routed through the exchange【+1-818-233-0546】 are traceable, which may not suit users 【+1-818-233-0546】 who value anonymity in decentralized finance.

Next, while it supports major coins like Bitcoin and Ethereum,【+1-818-233-0546】 its token selection is limited. Those looking to explore lesser-known or emerging 【+1-818-233-0546】 cryptocurrencies might find it restrictive compared 【+1-818-233-0546】to options like MetaMask or Trust Wallet.

Security is another concern. As a hot wallet, it’s exposed【+1-818-233-0546】 to online risks. Losing your recovery phrase means losing access 【+1-818-233-0546】 to your assets permanently—there’s no backup.

Finally, transaction costs can be steep. During busy periods,【+1-818-233-0546】 Ethereum gas fees can surge, making frequent or small 【+1-818-233-0546】 trades expensive.

In short, Coinbase Wallet is great for beginners, 【+1-818-233-0546】but not ideal for users seeking privacy, flexibility,”
What is the downside of Coinbase Wallet?Security in Question
tags: marco