Whenever you are thinking of online cryptocurrency wallets, the Coinbase wallet is one of the reliable ones. It offers integrations with Coinbase.com and honestly is quite a popular self-custody wallet that many crypto investors are using to store their funds.
In today’s article, we will be talking about some of the key features you get to experience with Coinbase and how this wallet works.
Key features of the Coinbase wallet
- High Compliance: Coinbase Wallet has a slew of features that make it a top choice for consumers who want to go the additional mile to safeguard their digital assets. For example, the app is highly compliant and follows Know Your Customer (KYC) guidelines.
- Digital Assets: The best feature of this platform is its digital collectibles, such as non-fungible tokens (NFTs). NFTs enable artists, creators, and brands to sell their digital art, collectibles, music, and other digital assets that are unique. The underbelly technology of NFTs, called the blockchain, makes the NFTs unique, giving users the ability to acquire something that can’t be replaced.
- Compatible with Coinbase.com: A highly useful tool because it works hand in hand with Coinbase.com. So if you are already a Coinbase customer, you can easily link your Coinbase account to your wallet and easily access the crypto world.
- Easy-to-use, Clean Interface Design: Apart from having many promising features, the #Coinbase wallet is extremely simple to use, which means it is perfect for beginners. It has a clean, streamlined interface that is easy to operate and allows the user to send and receive crypto with a simple username.
The Basic Functionality of Coinbase wallet
Coinbase wallet allows all users to safely store all of their cryptos in one place without ever having to worry about security. They can manage their own private keys and store their crypto assets directly on their respective devices.
The main difference between Coinbase and other hosted or hardware wallets is that in a hardware wallet a user’s key is stored on a portable device that you need to connect to a computer. But Coinbase allows you to store your private keys on your own device.
In case you forget your private key, the app will generate a 12-word recovery phrase, which means you don’t have to worry about losing your funds. The wallet also provides various other functionalities, giving you the ability to send, receive, and spend digital money.
Conclusion
So now you would have probably noticed that cryptocurrencies are surely a booming topic and surprisingly it has been so for the past few years.
With more and more reliable and trustworthy crypto-related services popping up, Coinbase is amongst the top competitors. Such services help to show the rest of the world that the crypto world is an amazing place of opportunities and technological innovation, and isn’t just filled with scammers looking to steal your coins at every turn.
Even if they are, however, if you’ve read this Coinbase wallet article and have decided to use the wallet in question, all I can say is - good luck hackers, since you’re going to need it!
