Coinbase, Exchanges

What Does Coinbase Wallet Do?

As one of the most popular cryptocurrency exchanges in the world, Coinbase also offers a digital wallet for users to store their cryptocurrencies. In this article, we will take a look at what the Coinbase wallet is, how it works and some of its key features.

What is Coinbase Wallet

Coinbase Wallet is a digital wallet developed by Coinbase, one of the leading cryptocurrency exchanges in the world. The wallet allows users to store their cryptocurrencies offline in a secure environment.

Users can also send and receive payments using the wallet. The wallet is available for both Android and iOS devices.

How Does Coinbase Wallet Work

Coinbase Wallet works like most other digital wallets. Users can create an account on the Coinbase website and then link their wallet to their account. Once the wallet is linked, users can add their cryptocurrencies to the wallet. The cryptocurrencies are stored offline in a secure environment.

When users want to make a payment, they can use the wallet to send and receive payments. The payments are made using the blockchain technology.

Coinbase Wallet Features

Some of the key features of Coinbase Wallet include:

-Offline Storage: As mentioned earlier, Coinbase Wallet stores your cryptocurrencies offline in a secure environment. This ensures that your coins are safe even if the exchange is hacked.

-Blockchain Payments: Payments made using Coinbase Wallet are made using the blockchain technology. This makes the payments more secure and fast.

-Security: Coinbase Wallet uses multiple layers of security to keep your coins safe. These include 2-factor authentication and a host of other security measures.

Previous ArticleNext Article