Why are Coinbase wallet fees so high?

The platform charges high fees for both crypto-to-crypto transactions, as well as fiat conversions. The main reason for high bitcoin miner fees is supply and demand . The bitcoin block size is 1MB, which means that miners can only confirm 1MB worth of transactions for each block (one every ten minutes). …

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Is Coinbase exchange wallet safe?

Coinbase is a hosted wallet service, which means we manage your private keys for you, securing your funds with a password, device confirmation and 2-factor authentication. We take security very seriously at Coinbase and utilize our secure cold-storage technology to protect our customer’s funds .

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Is Coinbase a good wallet?

Why we chose it: We chose Coinbase Wallet as the best crypto wallet for beginners because it’s an intuitive and highly secure wallet that is backed by a well-known exchange. Coinbase Wallet is an excellent wallet for beginners who have little to no experience with crypto .

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