Exploring the gates of crypto industry with Coinbase wallet

  

One of the biggest brands in the crypto universe is definitely Coinbase. It was launched way back in 2012 as a part of Ycombinator which means that Coinbase is one the oldest crypto platforms out there. 

In today’s blog post, we will be exploring one of the largest crypto wallets and discussing some of the features you get with it. 

So without any further ado, let’s jump straight to it.

What is Coinbase Wallet?

Coinbase is defined as a cryptocurrency exchange platform, but in reality, it is way more than that. The platform started its journey as a broker by selling Bitcoin directly to users. In May 2016 Coinbase evolved and Coinbase Pro was introduced giving more experienced traders better tools and techniques to stretch their hands in the crypto world.

Coinbase Wallet is a mobile wallet for iOS and Android devices that allows users to securely store, manage, and use their cryptocurrency assets. The wallet supports a wide range of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, and offers features such as the ability to send and receive payments, view transaction history, and track the current value of your holdings. Additionally, it also includes a built-in dApp browser, allowing users to interact with decentralized applications on Ethereum and other blockchains.

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Now let’s take a look at some of its exciting features.

Features of Coinbase Wallet

Coins

The main purpose of a Coinbase wallet is it allows you to hold various coins in one place. The Coinbase wallet is a safe platform where not only you can hold various crypto assets, but also transfer them to hardware wallets such as Trezor, or KeepKey.

The biggest advantage of the wallet is that you have over 4000 crypto assets to choose from and trade with. Because of this very reason for supporting so many crypto assets, Coinbase has so many users. 

NFTs

Nowadays NFTs are becoming widely popular. Therefore, the team at Coinbase has decided to allow its users to store NFTs in their wallets. This was an efficient decision by Coinbase wallet since their main competitors such as MetaMask wallet, do not offer this feature.

Coinbase wallet offers its users the purchase and sale of these NFTs over the internet.

DeFi access

Besides holding coins and NFTs through Coinbase wallet you can access the wide network of decentralized innovations. You can take part in airdrops and ICOs, and search and collect rare digital art and other collectibles. All in all, the Coinbase wallet gives you complete access to DeFi.

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Conclusion

With that, we have come to the end of our exciting discussion about the Coinbase wallet and its features. If you happen to be a beginner in the crypto world then this wallet is probably the place where you belong. It’s a pretty easy-to-use platform through which you can easily learn and grow in the world of crypto.

We hope you found this article engaging and helpful.

So till next time 

Happy Trading.