COINBASE CRYPTOCURRENCY WALLET

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It is not their mobile exchange app, but rather a secure mobile wallet called Coinbase wallet. You can fund your exchange account from your phone using the mobile exchange app. You get the added benefit of being able to link your exchange account to your wallet if you use Coinbase. Start with the most crucial factor, which is security. There haven't been any hacks or vulnerabilities of the Coinbase wallet that affect this wallet.

This wallet is not open source, similar to the Exodus wallet, so you may examine the code for yourself. The Coinbase wallet only supports networks that are EVM-compatible in terms of assets. This includes brands including Avalanche, Phantom, Optimism, the BNB chain, and Abitrum. Bitcoin, Dogecoin, and Litecoin are the non-EVM coins that are supported. You should be aware that last week, when the Coin Base wallet decided to support Bitcoin Cash, Ethereum Classic, Steller Lumens, and XRP, this list was further condensed. Coinbase claimed it was due to low usage, but I don't think that's a strong enough justification to justify delisting.

Even while you may view your NFTs within the app, the same is unfortunately true for NFTs. They presently support the Ethereum network, therefore you won't be able to view any other NFTs you mint. Another issue with this is that if you are running IOS, you cannot send the NFTs. Advanced web3 functionality is available in Coinbase. For instance, the app includes a browser functionality that allows you to connect and use dApps directly from the mobile wallet.

You can scan the wallet's QR code and choose the coin base wallet when using a browser, just like with the Exodus wallet. This is a built-in DEX feature that allows you to exchange currencies and tokens with the DEX. The app will try to search among your DEX suppliers to find you the best deal. You should be aware that 1% of all swaps on Coinbase are charged as fees. When they transfer your cryptocurrency from one blockchain to another, they don't charge any fees. You don't need to write down or keep their crypto wallet address on file because the Coinbasw wallet also delivers cryptocurrency via usernames. Another handy element of the app is the explore tab, which provides you with an overview of some of the top-performing currencies.