What is Coinbase wallet?

This should answer the main concern “Is Coinbase wallet safe?” Yes, the wallet is safe and follows best practices on safeguarding digital money. Despite being a hot wallet, Coinbase is a leader in securing payment services in the crypto industry. It ensures that security features is enforced at multiple levels.

To withdraw your funds, sign in to your Coinbase Commerce account and click on the Withdraw button next to the relevant cryptocurrency in the Balances section . A window will pop up and ask how much you would like to withdraw, and where you would like these funds to go.

If you’re a Coinbase customer, you have your choice of a hosted wallet or a self-custody wallet . The Coinbase app, where you buy and sell crypto, is a hosted wallet. You can also download the standalone Coinbase Wallet app to take advantage of the benefits of a non-custodial wallet.

Link your Coinbase Wallet and Coinbase account

Note that Coinbase Wallet is not the same product as Coinbase.com , and you do not need a Coinbase.com account to use Coinbase Wallet. If you’re looking to simply invest in crypto, Coinbase.com remains the easiest place to buy, sell, and manage your crypto.

Coinbase Wallet helps users manage their own private keys and store their crypto assets directly on their devices , not with a centralized brokerage or exchange. You cannot connect Coinbase Wallet to your bank account to buy or sell cryptocurrencies with US Dollars or other fiat currencies.