Name of the wallet: Coinbase
Main currencies of the wallet: BTC, BCH, ETH, LTC
Price of the wallet: Free
The Coinbase cryptocurrency wallet was created in 2012 by the Coinbase company, founded by Brian Armstrong and Fred Ehrsam. The company, based in San Francisco, the USA, offers services in 32 countries and is very popular in the United States, the United Kingdom, and Brazil. Moreover, it cooperates with more than 10,000,000 customers. Apart from the wallet, the Coinbase company offers exchange services and developer API.
Coinbase is an online cryptocurrency wallet that can be available via a mobile device or a tablet. It works only with the four most popular cryptocurrencies: BTC, BCH, ETH, LTC.
The Coinbase wallet has two types of accounts, individual and business, and offers several services. Some of the services can be available only for business accounts.
- E-money services.
- Digital currency services.
- GDAX (for the business account).
- Developer’s Tool (for the business account).
The Coinbase wallet requires full personal data from its users in order to be confident that potential users are reliable. The wallet will check this information itself or ask some third party to do this. For this reason, it is essential to provide only accurate data. If the data isn’t accurate, the wallet can refuse to provide its services.
In general, the wallet may require only name, address, telephone number, email, date of birth, taxpayer identification number, government identification number, and information regarding bank accounts. However, sometimes, it may ask a user to provide more detailed personal data. It is even possible that a user will need to provide the company with the picture of his/her driving license or passport.
The wallet has several features that guarantee a good level of security of the accounts and transactions.
- Multi-signature standard. It means that a group should confirm a transaction.
- Storage of private keys both online and offline.
- 2-factor authentication that is possible via SMS or Supported Time-based One Time Password (TOTP app).
- Usage of the QR codes for conducting money operations.
- It is possible to disable a user’s access to the phone remotely in case it is stolen or lost.
- The wallet promises to refund money in case of an unauthorized transaction. Of course, there are certain conditions of the refunding.
The wallet offers a user-friendly interface. For instance, it is possible to check the history of money operations, details of the transactions, and balance in a couple of clicks. Apart from this, the wallet offers price graphs, price alerts, and BTC price tickets.
The wallet is available in many countries, but it doesn’t mean that it offers its services to users of every country equally. Some of the services aren’t available in certain countries. The same goes for the pricing policy. In general, the wallet doesn’t charge a fee to utilize Hosted Digital Currency Wallet service. However, to use a conversion service, it is necessary to pay some fees, which depend on the location of a user, chosen payment method, and other things. Detailed information about this is available on the official website of the wallet.