Coinbase Wallet

Coinbase Wallet

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  • Validation Centralized
  • Anonymity Low
  • Ease of use Easy

Your private keys are stored by a third party as well but they are encrypted with your password

Coinbase is one of the larger Bitcoin ecosystems offering a full service across wallets, exchanges to merchant payment software.

The wallet advantage of this is that transactions can be done off the blockchain although this does detract from the main ethos of Bitcoin.

Using Coinbase is a good experience but does mean you are trusting a third party with your Bitcoins unless you use their vault service. Essentially the banking industry form of security boxes in a safe.

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