Coinbase Launches Unified OnChain Monitoring With New Wallet App!

Coinbase has introduced a new wallet at press time which is a new version of its crypto wallet. And with this type of wallet users will get quite a lot of benefits. They will be allowed to access their portfolio from multiple platforms in a single place. But the interesting thing is that the benefits of using such wallets are not only available through mobile apps, it can also be used through mobile apps as well as desktop apps. Users can easily connect it to other wallets and simply have access to multiple portfolios.

Users of these wallets will also be able to connect any self-custodial wallet supported by Connect to other wallets, including Metamask and Phantom wallets. But another interesting thing is that users don't need to have a Coinbase wallet to get such benefits. Users will be given such facilities to have a consolidated view of resources across applications. However, the Coinbase authorities want the users who are searching through it to be able to use it according to their needs and to solve their needs. Specifically the solution seeks to address retail user needs for tracking non-fungible tokens (NFTs) and decentralized finance (DeFi) positions across wallets. As many of us also use several different crypto wallets to keep our money safe or to trade. To put it simply, the challenge was to store all our assets in a specific place or in a specific wallet, or to achieve a comprehensive view in one place, which Coinbase is currently planning to facilitate.

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They are not the first company to offer this service though. Gerion Wallet has also provided such facility earlier. Gerion Wallet also allows users to connect multiple wallets and track crypto portfolios including NFT and DeFi positions. This wallet even supports several blockchains, including Ethereum, BNB Smart Chain and Polygon, in addition to allowing you to track crypto portfolios including NFT and DeFi positions. The wallet offered by Coinbase will offer several benefits including supporting assets across Bitcoin, Solana and Ethereum-based chains. But another advantage is that no fee will be charged from the users of the platform. However, most assets incur network transaction fees when sending or receiving assets.

But another important point is that Coinbase's wallets have been very vulnerable in the past as their wallets have been targeted by phishing attacks, scams and other vulnerabilities in the past. So they will insist on making their wallet much stronger. As in the past scammers used legitimate-looking emails and communication methods to lure users into their scams. This time the scammers not only cheated the users but the scammers also cheated the employees. This resulted in unauthorized access and theft of funds.

So keeping in mind such incidents in the past, Coinbase authorities are claiming that their security team is constantly introducing new features to protect user assets such as biometric authentication, passwords, security locks, authorization alerts and spam token management in their new wallets which develop security systems. by doing But one more important thing is that the authorities as well as the user must be aware to maintain the security of any wallet. Everyone must play a role in maintaining the security of any wallet. And that's why educating customers can be an important step to improve safety. As such, the exchange has a smart wallet, allowing users to carry their balance across various EVM-compatible apps integrated with the Coinbase Wallet SDK. Even an embedded wallet brings many benefits to users, especially enabling developers to integrate non-custodial, white-labeled wallets into their applications.