Coinbase Wallet Review 2025 – Features, Security, and Fees
- Non-custodial multi-chain wallet
- dApp integration and NFT management
- Advanced security via 2FA, dApp blocklist, and spam token management
Coinbase is one of the largest crypto exchanges in terms of trading volume, known for its user-friendly interface, developer tools, and self-custody hot wallet. If you’re a regular Coinbase user or a beginner trader looking for a reliable crypto wallet to store your crypto, you’ve come to the right place.
We created a detailed Coinbase Wallet review to discuss its key features, security measures, supported coins and networks, and fees. We tested the wallet ourselves to understand how it works and how it compares to popular hot wallets, such as Best Wallet, Zengo, Margex Wallet, and Binance Wallet. In addition, we considered other users’ experiences to identify where this wallet excels and where it could improve.
So, did Coinbase Wallet live up to our expectations, and do we recommend it? Keep reading to find out.
Coinbase Wallet Pros and Cons
Coinbase Wallet is a self-custodial hot wallet that’s available as a browser extension and an iOS and Android mobile app. It supports all EMV-compatible networks and over 10,000 cryptocurrencies, including Bitcoin and Ethereum, as well as all ERC-20 tokens and stablecoins. You can use it to gain access to DeFi platforms and dApps, manage NFTs, and swap crypto via its integrated DEX.
Coinbase Wallet offers a wide range of useful tools, from token approval alerts and dApp blocklists to app lock and spam token management. The wallet utilizes advanced security features, including biometrics and security locks, and it can be integrated with Ledger hardware wallets. You can use it to create up to 15 sub-wallets, stake ETH, and earn crypto rewards by completing multiple Quests and holding USDC in your wallet.
On the downside, Coinbase Wallet doesn’t support Bitcoin Cash (BCH), Ethereum Classic (ETC), Stellar (XLM), and XRP. It doesn’t have a native desktop app, either, and it doesn’t support in-app swapping for Solana.
Pros
- Supports all EMV-compatible networks and all ERC-20 tokens
- Enables crypto-to-crypto swaps via an in-app DEX
- Advanced security tools (dApp blocklist, app lock, spam token management)
- Can be integrated with Ledger hardware wallets
- You can create up to 15 sub-wallets
- dApp and DeFi integration and NFT management
- Earn crypto rewards by completing multiple Quests
- In-wallet ethereum staking with no minimum requirement of 32 ETH
Cons
- Doesn’t support Bitcoin Cash (BCH), Ethereum Classic (ETC), Stellar (XLM), and XRP
- Lack of a desktop app (available only as a browser extension)
- Doesn’t support in-app swapping for Solana
- Slow customer support
What is Coinbase Wallet?
Coinbase Wallet is a native wallet of the popular crypto exchange Coinbase, which officially launched in 2017. You can use this hot wallet to send, receive, and store your crypto holdings. The wallet also integrates with the Coinbase exchange, allowing you to link your accounts and transfer funds between your wallet and exchange account. Coinbase Wallet is a self-custodial wallet, meaning you’ll have full control over your assets and private keys.
Besides letting you store, swap, and manage your tokens, Coinbase Wallet also allows you to connect to some of the best decentralized exchanges (DEXs), browse NFTs, gain access to dApps and DeFi protocols, and earn rewards via staking and learn-and-earn programs (aka Quests).
Coinbase Wallet Supported Coins and Networks
Coinbase Wallet supports Bitcoin, Ethereum, and all EVM-compatible networks, including Solana, Arbitrum, Base, and Polygon. You can also add custom networks manually – go to the Settings tab, select the Active dApp network option, and tap the + button to add a custom network. Next, you need to enter the network’s details and click on the Save button.
Coinbase Wallet supports over 10,000 assets, including all ERC-20 tokens and stablecoins like DAI and USDC. However, we noticed that the wallet doesn’t support Bitcoin Cash (BCH), Ethereum Classic (ETC), Stellar (XLM), and XRP, which was confirmed by the Coinbase team after we contacted them. Namely, the support for these coins was discontinued in 2023 due to low usage.
Coinbase Wallet features an integrated DEX that supports seven blockchains: Base, BNB, Ethereum, Avalanche, Polygon, Optimism, and Arbitrum. This gives you access to decentralized token swaps on the networks mentioned above. However, you’ll have to pay a fee (up to 1% per swap) since swaps take place on a third-party DEX. We were surprised to learn that Coinbase Wallet currently doesn’t support in-app swapping for Solana.
According to Coinbase’s support team, Solana DEX is temporarily disabled due to a necessary security upgrade.
Coinbase Wallet Features
In this section of our Coinbase Wallet review, we’ll cover its main features, which include the following:
Multi-Wallet Support for Ethereum and Solana
Coinbase Wallet lets you create up to 15 sub-wallets with a unique Ethereum and Solana address. Your sub-wallets will share the same recovery phrase, allowing you to restore them if needed. By allocating your coins to sub-wallets, you’ll reduce the risk of potential breaches. For example, you can use one sub-wallet for dApps and another for NFTs.
To add a new wallet, you need to click on the Assets tab (located in the lower-left corner of the screen) and tap the Add Wallet button.
In-App DEX
Coinbase Wallet has a built-in DEX, which means that you can swap tokens across multiple networks, such as Ethereum, Base, Optimism, Polygon, BNB Chain, Arbitrum, and Avalanche.
You can also use advanced features, such as slippage and gasless mode, to adjust the slippage tolerance (between 0.5% and 99%) and pay the network fee with the token you’re swapping. Keep in mind that Solana DEX is temporarily disabled.
NFT Storage
You can buy, manage, and store Ethereum, Base, Optimism, Polygon, and Solana NFTs, as well as list your NFTs on marketplaces like Magic Eden, OpenSea, LooksRare, and Blur. Coinbase Wallet also enables you to create an individual mint or a gallery.
However, this option is only available on the browser extension. What we particularly liked was the option to listen to audio NFTs with custom playback controls.
dApp and DeFi Integration
With Coinbase Wallet, you can interact with dApps on Ethereum, Polygon, and Solana, and DeFi platforms, such as Compound, Aave, and MakerDAO, directly from your wallet.
Developers will also benefit thanks to the Coinbase Wallet SDK, which enables them to integrate their decentralized applications (dApps) with Coinbase Wallet. The SDK supports all EVM-compatible networks. You can also take advantage of features like token approval alerts and dApp blocklist.
Hardware Wallet Support
Coinbase Wallet’s browser extension can be integrated with Ledger hardware wallets, such as the Nano X and Nano S, which provide an additional layer of security. Ledger is recognized as one of the best cold storage crypto wallets due to its advanced security features, such as Secure Element chips, a clear signing plugin, and passphrase support.
You can also take advantage of its Smart Wallet feature, which allows you to create a wallet without the need to install an extension or app. Smart Wallet supports seven blockchains – Base, Optimism, Arbitrum, Polygon, Zora, BNB, and Avalanche C-Chain.
However, the Coinbase Wallet extension doesn’t support the Smart Wallet feature, so only mobile app users can benefit from it.
Quests
Coinbase offers one of the best learn-and-earn programs that let you earn crypto rewards by learning new skills. This program, called Quests, is only available to Coinbase Wallet users. Coinbase Quests are interactive challenges that help you understand the basics, such as trading and exploring dApps.
You can earn multiple rewards by participating in different quests, which shouldn’t be a problem since quests take between 2 and 5 minutes to complete. Eligible Coinbase Wallet users can also earn up to 4.1% APY by holding USDC in their wallet.
In-Wallet Ethereum Staking
Ethereum staking usually comes with a minimum staking requirement of 32 ETH, which is often a barrier for many people. Coinbase Wallet will allow you to stake ETH without a minimum stake requirement due to its integration with Kiln.
Moreover, your rewards will be automatically restaked, which will boost your potential earnings over time. Keep in mind that your staking rewards are subject to a 15% commission fee.
Coinbase Wallet Fees
Next, in our Coinbase Wallet review, we’ll talk about the fees. Coinbase Wallet doesn’t charge fees for holding or transferring assets between wallets. However, you’ll have to pay gas fees when sending crypto to external addresses. You can adjust the network fees by selecting the speed.
For example, slow transactions (45+ seconds) are the least expensive, between $0.62 and $0.68. Normal transactions (about 30 seconds) are priced at an average rate of $0.62 to $0.78, while fast transactions (about 15 seconds) are the most expensive, costing between $0.79 and $0.84.
You can fund your wallet using various payment options, including debit card, Apple Pay, Google Pay, fiat, and ACH (U.S. only). You can also buy DEX assets using Instant ACH or a USD balance.
Here’s a detailed breakdown of Coinbase Wallet’s fee structure:
| Fund with | Available geo(s) | Payment methods | Fees |
| Coinbase.com | US, UK, EU, SG, AU, CA, BR | Debit card, Apple/Google Pay, fiat, ACH, Instant ACH | 2%-5% |
| Guest checkout | US | Debit card | 5% |
| Stripe | US, EU | Credit card, Apply Pay | 1%-2% |
| 3P on-ramp providers | APAC |
PayMaya, GCash, Credit card, BPI, GrabPay, UPI, IMPS, Bank, Ovo, VietQR, and more |
2%-5% |
| 3P on-ramp providers | LATAM | Mercado Pago, Bank, Credit card, Apple/Google Pay, Pix, Boleto, Spei, and more |
1%-5% |
| 3P on-ramp providers | Aftrica | Airtime, Bank, Credit card, Apple/Google Pay, and more | 2%-5% |
Other fees include the following:
- Up to a 1% fee when swapping tokens
- Staking ETH comes with a commission fee of 15%
Withdrawal fees will depend on the payment option. However, USDC withdrawals are free across all supported networks, except Ethereum. On the other hand, fiat deposits and withdrawals come with the following fees:
| Payment method | Deposit fee | Withdrawal fee |
| ACH | Free | Free |
| Wire (USD) | $10 | $25 |
| SEPA (EUR) | €0.15 | Free |
| Swift (GBP) | Free | £1 |
Is Coinbase Wallet Secure?
As mentioned above, Coinbase Wallet is a self-custody Web3 wallet, which means that no one (not even Coinbase) has access to your private keys but you. Coinbase utilizes advanced security features to keep your funds safe, including biometrics, passwords and security locks, and transaction previews.
What impressed us the most was its token approval alerts function, which helps you manage dApp permissions and token approvals. For example, you’ll receive a notification when a certain dApp asks for permission to access your tokens. This will help you identify suspicious dApps. Furthermore, once you close a dApp, its access will be automatically revoked.
You’ll also be able to use features like the dApp blocklist, app lock, and spam token management. Coinbase Wallet is compatible with one of the best cold wallets, Ledger, which provides an additional layer of security.
In terms of security, Coinbase Wallet ranks high in our book, as you can see in our guide to Coinbase Wallet’s safety features.
However, this doesn’t mean that the provider is immune to attacks. In fact, Coinbase has experienced two major security incidents. The first incident occurred in 2021 when hackers stole the funds from 6,000 Coinbase users through a loophole in the company’s SMS-based two-factor authentication (2FA) system.
The second incident occurred relatively recently, in May 2025, when hackers bribed Coinbase’s customer support agents to steal private data from approximately 1% of users. Their idea was to trick users into sending them their tokens, pretending to be part of the Coinbase support team. They also tried to extort Coinbase for $20 million. However, Coinbase said no and went live, publishing all the details about this incident and stating that they would reimburse their affected members.
Many crypto exchanges are targeted by hackers and cybercriminals, which is why it’s crucial to keep your private keys safe.
Is Coinbase Wallet User-Friendly?
Coinbase Wallet is available as a mobile app for Android and iOS (15.1 or later) devices and as a browser extension on Chrome and Brave.
Is the app user-friendly? Yes, we found it easy to navigate thanks to its intuitive interface, which includes five main buttons: Buy, Swap, Bridge, Send, and Receive. At the bottom of the screen, you’ll find the Assets, Transactions, and Settings buttons that let you check your holdings and transaction history and customize your trading experience.
The app is highly responsive, meaning you’ll quickly jump from one section to another. We also appreciated its design, which features a black background with blue buttons for a sleek, modern look.
The browser extension mirrors the mobile app. I.e., you can use it to buy and swap crypto, trade on decentralized exchanges, and connect to dApps like Uniswap and OpenSea. However, we liked the mobile app more because the browser extension tends to occasionally crash, especially after updates.
Moreover, the browser extension is only available on Chrome and Brave, which is a shame since Firefox has a stronger focus on privacy. On a positive note, only the browser extension can be linked to Ledger.
Coinbase User Reviews and Customer Support
Coinbase Wallet has high ratings on the App Store and Google Play – 4.6 out of 5 (based on 158k reviews) and 4.1 out of 5 (based on 124k reviews), respectively. However, if you scroll down toward user reviews, you’ll notice that its support team gives generic answers to almost all questions or directs users to their troubleshooting section.
This is not a red flag in itself since its support team is not allowed to share the private information of its users.
You can contact the support team via live chat, by requesting a call, and via email. You can also check out its Help Center, which covers the basics, such as login and transaction issues. However, if you want to speak with the Coinbase support team, you’ll have to create an account. Otherwise, you’ll only be able to talk with the Coinbase Virtual Assistant, which is not capable of providing answers to complex questions.
If you go on Reddit, you’ll notice that many users report having to wait for over 5 hours to get a response from the Coinbase support team, while one user waited 755 minutes, which is over 12 hours. The situation is similar with its phone support.
For example, one user reported waiting over 3 hours to get in touch with its support team. On a positive note, once you get hold of its team, they’ll be more than happy to assist you in a professional manner.
Coinbase has a 4 out of 5 rating on TrustPilot, based on 17,686 reviews. Its user-friendly app is the main culprit for this high rating, while most users agree that its customer support is slow to respond.
Coinbase Wallet vs Other Top Crypto Wallets
In this section, we’ll compare Coinbase Wallet with some of the best crypto wallets right now, such as Best Wallet, Zengo, Margex Wallet, and Binance Wallet, basing our criteria on their type, number of supported chains and tokens, security features, and compatibility.
Each of these wallets offers many benefits to traders. On that note, Coinbase Wallet stands out for its integration with hardware wallets. Best Wallet is an attractive option for those who want to trade their tokens at the best rates, thanks to its integration with 330 DEXs.
Zengo utilizes MPC technology, which eliminates the need for traditional seed phrases. Margex Wallet is ideal for staking and copy trading, while the Binance Wallet is known for its emergency export function, which enables users to export their private keys.
With that in mind, take a look at our table to see how these wallets compare:
| Wallet | Type | Supported Coins/Chains | Security Features | Compatibility |
| Coinbase Wallet | Self-custodial | 10,000+ tokens and all EVM-compatible networks | Biometrics, token approval alerts, dApp blocklist | iOS and Android app, browser extension |
| Best Wallet | Self-custodial | 1,000+ tokens and 60+ blockchains | 2FA, biometric authentication, backup passphrase | iOS and Android app |
| Zengo | Self-custodial | 380+ tokens and 10 blockchains | 3FA, MPC cryptography, built-in firewall | iOS and Android app, desktop app |
| Margex Wallet | Custodial | 50+ tokens and 10 blockchains | 2FA, cold wallet storage, email notifications/alerts | iOS and Android app |
| Binance Wallet | Self-custodial | BRC-20, ERC-20, BEP-20, and SPL tokens and 17 blockchains | MPC technology, built-in risk controls, emergency export | iOS and Android app, browser extension |
How to Get Started With Coinbase Wallet
In this segment of our Coinbase Wallet review, you’ll learn how to download and use Coinbase Wallet.
Step 1. Download the Coinbase Wallet Mobile App
Go to Google Play or App Store and download the Coinbase Wallet app by tapping the Install button.
Step 2. Create a Username and Set Your Privacy Preferences
Open the app and click on the Create New Wallet button. Enter your username and tap Submit. Next, you’ll have to set your privacy preferences. Choose between biometrics or a passcode. We recommend biometric authentication.
Step 3. Backup Your Recovery Phrase
You can backup your recovery phrase by tapping the Backup on iCloud or Backup manually button. If you choose the first option, you’ll need to create a password to encrypt your backup. If you choose the second option, your 12-word recovery phrase will be displayed on the screen. Write it down and keep it safe.
Step 4. Fund Your Wallet
To fund your wallet, link your Coinbase wallet to your Coinbase account. You can do this by going to Settings and tapping either the Connect my Coinbase account or the Sign up for Coinbase button. Once you sign into your Coinbase account, transfer the available funds to your wallet.
Coinbase Wallet Review Conclusion: Who Is It Best For?
We created an extensive Coinbase Wallet review to show you where this wallet shines and where it could improve. We also compared it to popular wallets, such as Best Wallet, Zengo, Margex Wallet, and Binance Wallet, in terms of their number of supported coins and chains, security features, and compatibility.
Based on our research, Coinbase Wallet is suitable for investors who want to have full control over their assets and private keys. This wallet is also an attractive option for traders who wish to interact with dApps and NFTs and gain access to DeFi platforms. You can use it to create up to 15 sub-wallets with a unique Ethereum and Solana address, which makes it ideal for managing multiple investments. In addition to that, it has an integrated DEX, which will enable you to swap crypto directly from the app.
On the other hand, Coinbase Wallet is not a good fit for BCH, ETC, XLM, and XRP holders, or those who want to swap Solana tokens on decentralized exchanges, since its Solana DEX is temporarily disabled.
Visit Coinbase WalletOur Methodology: How We Tested and Reviewed Coinbase Wallet
We used a strict methodology to create an unbiased Coinbase Wallet review, which included thorough analysis and hands-on testing. The following factors had the biggest impact on our review process:
Security
To check how secure Coinbase Wallet is, we evaluated its main security mechanisms. We tested its biometric authentication system and its app lock feature on both Android and iOS devices. We also connected Coinbase Wallet to our Ledger Nano X device and transferred funds from one wallet to the other to test its speed and transaction preview feature.
Finally, we tested its security tools – dApp blocklist and token approval alert – by interacting with various dApps.
Features
Coinbase Wallet offers a wide range of useful features, including multi-wallet support for Ethereum and Solana, an integrated DEX, NFT storage, and integration with dApps and DeFi platforms. To get a full picture, we created several sub-wallets for different projects. We also conducted in-app swaps and tried to mint our own NFTs.
In addition to that, we tested its Quests to determine their complexity and whether the rewards are worth it. Most of the tasks were straightforward, such as swapping ETH for USDC on Optimism, which makes them suitable for beginners.
Supported Coins and Chains
A good crypto wallet must support a wide range of tokens and coins. It also must be able to handle transactions across multiple blockchains. Coinbase Wallet supports all EMV-compatible networks and all ERC-20 tokens. You’ll also be able to add a custom network or token manually. We tested this function to make sure the process is simple.
Fees
We conducted several transactions to understand Coinbase Wallet’s fee structure and verify the provider’s claims. We also utilized various payment methods to determine the differences in fees. On that note, Coinbase Wallet will allow you to adjust the network fee based on the transaction speed. However, buying crypto with debit cards, Apple/Google Pay, and fiat comes with the highest fees, and the same applies to wire transfer withdrawals. On the other hand, we found out that USDC withdrawals are free across all blockchains, with the exception of Ethereum.
After conducting crypto-to-crypto swaps, we found that Coinbase Wallet charges a 1% fee per swap, while rewards obtained through staking Ethereum come with a 15% fee.
Compatibility and Interface
We downloaded and installed the Coinbase Wallet mobile app to assess its user-friendliness. We also installed its browser extension to see how it differs from its mobile app. Both feature an intuitive interface, which makes them suitable for beginners. The browser extension is available for Chrome and Brave, while the mobile app is compatible with both Android and iOS devices (iOS 15.1 or later).
After several hours of testing, we found that its browser extension supports hardware wallet integration, while this is not the case with its app. On the other hand, only the mobile app supports the Smart Wallet feature.
FAQs
Should I keep my Bitcoin in Coinbase Wallet?
Can Coinbase freeze my Coinbase Wallet?
Is Coinbase Wallet safer than Ledger?
Can Coinbase Wallet be hacked?
Is Coinbase Wallet a hot or cold wallet?
References
- Hackers bypass Coinbase 2FA to steal customer funds (The Record)
- Largest US crypto exchange says cost of recent cyber-attack could reach $400m (The Guardian)
- Protecting Our Customers – Standing Up to Extortionists (Coinbase)
- Coinbase Cloud and Kiln unlock native ETH staking without minimum stake requirements on Coinbase Wallet (Coinbase)
- What is MPC (Multi-Party Computation)? (Fireblocks)
