Coinbase Wallet - Store Crypto Reviews

Coinbase Wallet - Store Crypto Reviews

Published by on 2022-04-18

Coinbase Wallet is a self-custody mobile cryptocurrency wallet and Web3 dapp
browser. Take control of your crypto, NFTs, Ethereum-based ERC20 tokens, and
digital assets. Coinbase Wallet makes it easy for you to securely store, send
and receive Bitcoin (BTC), Bitcoin Cash (BCH), Ether (...


Software Approval Ratings

Disapprove
64.3%

Approve
35.7%

Neutral
16.0%

Table of Contents:
1. Reviews
2. Is it Safe?
3. Is it Legit?
4. App not working?
5. Report Issue


Coinbase Wallet - Store Crypto Reviews: 20 Reviews

By

Clean, Easy to Use and Beautiful UI

I began my journey into crypto about a year ago. I needed a place to start. My spouse introduced me to their friend. I began talking and learning the basics. I was overwhelmed. Coinbase was the first application I was show . It was easy to navigate, trade, concert and buy crypto. I bought my first $20 of crypto currency. Not a big deal. It is easy to transfer with low gas fees and miner fees. The place to go to cash out your crypto into your bank. Signing up and going through identification and vetting process is easy and quick. Coinbase has rewards for watching videos and taking quizzes. I suggest you do them, you can acquire up to $50 in crypto currency alone. Not a bad deal. Clean design, easy on the eyes, pleasant to navigate and makes your first crypto experience calm.


By

Newer

I’ve been using the wallet about a month now and I haven’t really had a problem. I haven’t found a way to “cash out” or send funds directly to my bank acct from the wallet but I don’t think that’s what it or the exchange was designed for. Remember this is a crypto wallet, so naturally the devs want your funds to remain crypto. I’ve seen a lot of reviews that mention problems with transferring funds, non existent recovery phrases, and disappeared coins. I haven’t lost any coins but I did get an insufficient balance message after I tried to move funds from the Coinbase exchange to my wallet once. I had enough to cover the fee and was a little worried after reading the error but I waited for the confirmation email you get when whatever coin you buy on the exchange is available, then I tried the transfer again and it worked no problem. I suggest familiarizing yourself with the wallet and the exchange before you add funds to either. Review your recovery phrase and save it to the cloud, write it down, or commit it to memory. Familiarize yourself with the associated fees because they can add up quickly when converting, buying, or selling if you aren’t careful. Lastly, transfers to and from your wallet are not always instantaneous, but they are much faster and cheaper than traditional methods of sending and receiving funds.


By

Support

I would recommend live support phone or chat with someone to communicate with. Would also recommend a bit more information on the process of all the possible transactions. This isn’t the pro app so more info and easier to access. Robo support has hard time clarifying the issue. I would recommend the app , it really is good. I’m trying not to mix up the app review with the coinbase support. Coinbase should definitely have customer service for us with the amount of revenue they generate. It would be cost effective because they would not loose customers do to inadequate support for the volume that they have to handle, we all are new at some level with crypto trades and if I lost all my coin for lack of information I would be outraged. Public traded company and I have an investment with the company as well as a account. Market share is going to be critical on the months to come and I don’t want the company to loose traction with all crypto trade sites popping . Keep striving for more of the market share it be harder to get it later. So put the work in now guys and we will reap the dividends for years to come. Your success is my success!!!! Carpe Diem.


By

Terrific Wallet

I have used the wallet & even tried some others to compare. Knowing what I am doing, this does everything I need which is just to store my crypto. I have more learning to do before I try to earn any interest. I’ve read many reviews of people who do not understand that coins that are powered on the Ethereum network, must pay fees of ETH to send, convert. So be careful. If you just want to store money, use: BTC, BCH, LTC, XLM, ETC, ETH, & AVAX as these will not need Ethereum to transfer out. If you put something like DAI, USDT, USDC, BAT, or any other Ethereum-based coin, you will need ETH to send. Please get more informed before. Understand it is self-custody so you are in charge. You are the support, don’t blame Coinbase for your lack of knowledge. Do not click links or connect your wallet if you do not have FULL understanding of what you are doing because if you get scammed out of your coins, Coinbase is not gonna give you money because you allowed yourself to get scammed. Lastly, write down your seed phrase on paper, back up up to cloud & connect your exchange to an authenticator app so no one could ever send coins without your authentication. Be responsible.


By

Losing faith

Yesterday I sent two transactions from a different t wallet to my Coinbase Wallet. Neither has arrived even though support for the sending wallet looked into it right away and let me know it has been sent properly. Support for CB Wallet responded with a ticket number, but a day later my money is still missing. To make matters worse, I sit made a (thankfully) small sale on CB Pro. I sold 50 coins, but my sale only shows 39.1 were sold, and that the wallet for that coin is now empty. ??? Where are the rest of the coins??? I have not had any issues with any of the CB platforms since I began using them. It’s incredibly concerning that 3 transactions in less than 24 hours have not gone as they should. Definitely concerned about moving anything else and I’m losing faith in CB. If these issues are taken care of I will update my review according to the support I receive. But this is concerning. Update: the two transactions finally did arrive. The other issue with CB Pro has been ignored for weeks now. Every now and then I get an email and then no follow through. Now today I’ve been trying to convert one coin for another on CB Wallet, and for over an hour it’s been telling me “Something went wrong; try again later”. Will never add anything more to this wallet.


By

Do Not Use

Most of these reviews are bots. This app in idea is really really cool and you have probably heard all the good things about it, well what you don’t hear is the gigantic amount of issues this app has. First is the fees, now 5-8$ is no big deal but this app brings fees to a whole new level. Personally I transferred 500 in shib to my wallet, after six days of emails ( no in person customer support 100% email and it’s automated.) I finally was able to transfer the remaking 232, yea 232. I had to buy eth to transfer my money( not required to put on the wallet) 45$ worth was my original miner fee but had to pay 21$ in upfront fees then another 32$ to transfer to wallet. Then the transaction is was and I’m not mailing this up”failed” and all the eth was taken as a charge. I am not kidding do I had to rebuy eth transfer it and this the miner fee was more then previous. It cost me almost 200$ to take my money off this app after fees . Second your money is not safe( miner fee) you can your fee and the transaction fail and coin wallet is not responsible for replacing your fee. Yes you can Pay 30-70$ miner fee the transaction fail and your out that money. Maybe in the future this will be a good way to store coins and build Interest but at the moment it is a money Pitt.





By

Buggy

This app is buggy. It works but with an annoying bug. When you try to transfer funds from coinbase you can click “Max” which ostensibly would look at your balance, subtract/include whatever transfer fee you incur as a result, and allow you to wind up transfering the max allowable so your balance on the sending side is zero. But you cant. The max button calculates an arbitrary number larger than what you have and then prompts you to buy the coin from Coinbase. That’s not even what transfer means, it’s a bug and here's what you do to fix it: make two buttons. Buy is one button Transfer is the other. That this app has a button which offers an OR function is bad design, not user friendly, and it doesn’t work as expected and is hence, buggy. A clear option to transfer is needed, and a clear difference between buying and transferring is needed. And the transfer function needs to work properly, instead we have to type in a bunch amounts until we arrive at the magic transfer fee plus whatever we want to transfer. And then there are some pennies left over, it’s silly.


By

Use this if you want to lose your ETH to miners in failed transactions

I lost my ETH three times in a row due to failed transactions when attempting to send crypto to coinbase. I contacted coinbase and there is no way to get it back. This app is a scam or at best it doesn’t work properly causing users to lose their crypto. I am unable to get my crypto back to coinbase because this app keeps stealing my gas fees and failing to send. Update: I do not have my case number, I deleted the email I received weeks ago. I was finally able to transfer my USDC to coinbase. I tried and lost money on gas fees multiple times before it finally worked. I had to fund my ETH wallet four times and lost most of it. I have not experienced this ever before using other internet-based wallets and hardware wallets. Normally when I submit a transfer on the Ethereum network it goes. This is the first time I have had a transfer fail multiple times and take Ethereum gas fees every time. So this leads me to believe this is a problem with Coinbase Wallet and not the Ethereum network. This amounts to stealing peoples crypto and throwing it into Ethereum gas fees and providing nothing in return. This issue needs to be fixed, this is not right.


By

Zero stars… Over $60 of fees

I would not even give this app 1 star. It has been a bad experience from the beginning. First you would think that transferring from your regular Coinbase account to your Coinbase wallet would be fast, easy and more importantly free (since they are the same company). But you would be wrong. It was about $20 just to add coins to the wallet. Then everything you want to do with your coins once in the wallet also cost at least $20. And here is the catch, you can only pay the fee using ETH. That means if you us a coin other than ETH then you have to convert part of it to ETH to even get your money out even if the coin is part of the Ethereum network. And guess what converting will also cost you at least $20! To sum up, added funds to wallet ($20 fee) + converted funds to ETH so i can transfer the funds out of the wallet ($20 fee) + withdraw funds from the wallet ($20 fee)…. I completely waisted over $60 just to try this wallet. The app is a joke and is not beneficial at all. I would never recommend this app to anyone. I hope everyone reads this and does not waste their time and money like I did.


By

Complete TRAP STAY AWAY

There were coins I was interested in Coinbase that you couldn’t buy with cash, but the option if “buy with your Coinbase wallet is there”. That makes you think that it’s possible through that way.. As soon as I transferred I was hit with a miner fee from technically the same platform that cut a third from my funds. Once i was there the coins they show and I wanted where still not available, but here’s the worst part… now my money stuck there. Can’t trade it or covert it, cause minors fees are either more or a dollar less than what I have.. can’t cash out because minors fees are more than the couple hundreds I have in there.. They literally corner you and Jack your money.. if your néw even though when you winning Coinbase magically stops working, but at least after the whales pull their loot you still can have access to take your money out instantly and have some fun day trading… Coinbase wallet on the other hand is a scam that I was ultimately led to from Coinbase under false pretenses… Have fun on Coinbase, stay away from the wallet cause your money will eventually get trapped. Stay blessed people!


By

User friendly, still not worth it

Where do I begin… I have used many different crypto trading platforms and Coinbase has no doubt proven its worth over the others. I’ve been getting more into NFT trading and as you all know Coinbase doesn’t trade those yet. Today I went to make my first transfer from my Coinbase account to my Coinbase wallet and everything was running smooth until I found the money I just put in was sent to a random address 4 minutes later. Weird, I know. I went to track the address my money was sent to and under the comments section there were about 15 other people claiming that their Coinbase wallet was hacked by this same individual. I’m talking thousands of dollars worth of money/crypto gone. Although Coinbase has an easy to use interface and is user friendly, I don’t recommend it due to my experience with its poor security. You don’t think phishing/scamming is possible until it happens to you. Do yourself a favor and find a different wallet.


By

It doesn’t work and fees are astronomical

Fees are absolutely through the roof just to transfer Ether or Bitcoin into it. Then you’ll learn you can’t trade Bitcoin for anything. So you’ll pay more fees to put it back in Coinbase. Then you’ll pay more high fees to put ether in, and then you’ll learn that fees (allegedly paid to miners not Coinbase) to buy stuff with ether is like 100% to 200% of the price of what you wanted to buy - yes, 100 to 200% in fees. Then, when you foolishly pull the trigger on it, it will sit there and load and load and load and never complete the transaction: this has happened 5 times now with several different attempts on different things. So now I guess I’ll pay those big fees again just to put that ether back in Coinbase where I can do something, anything, with it. This is a pure rip off. If this is the future of currency, we are screwed. If I had large funds sitting in here, I would really, really worry about being able to recover them. Use this app at your own risk, and since this is their business model, consider getting out of Coinbase all together.


By

Really horrible and pointless app

Man this app used to be good never the best though but I have it a shot anyways. Was using it everyday and sent my tokens here. Now I’m missing all my tokens! That’s not even the worst part, is I can no longer send ethereum out anymore. I feel like gas price is so low that even sending $5 worth of eth doesn’t process so now I’m just stuck in a pending cycle and the wallet never sends out. One other big issue is I like the icon for wallet #5 where you can go and select after going to the advanced settings. Since I have been using wallet 5 whenever I try to import the wallet elsewhere the backup only brings back wallet 1. So I cannot import the most important wallet which has all my ethereum and without changing the gas price my eth is still stuck in this garbage wallet. Customer service doesn’t even help out. They ignore my messages and I know it’s because they don’t have a resolution to my issue and that is because the developer would have to fix it. I am so disappointed and upset with coinbase wallet let alone coinbase themselves. Really horrible company to do business with.





By

Miners fee

So at first thought to give this app a chance, because I’ve been using Coinbase app for some time. After installing it and transferring some btc to this wallet what already was strange, why I can’t just have same wallet as on Coinbase, synchronized. So btccame to this wallet and I realized there is nothing more else I can do with them after that, only transferring from account to account with a MINERS FEE that looks like 200% of transaction to me(tried to transfer 7$ from USDC back to my wallet and it said fee will be ≈14,50$, before it I tried to withdraw my btc back 10$ and fee was ≈21$). Also you can grow your money there APR, but not BTC, that’s why I mentioned USDC, because you can earn interest on them, so I tried this feature and guess what miners fee was there… from 7$ it become 74(only fee), so now for me it’s dead end situation, because to get those money back I need to put more and pay a fee or forget about them and delete app. So the second option looks more likely my choice, hope my review will help someone before they download it. Best wishes.


By

Switch to MetaMask!!!!!

It’s a an alright app. Just the fees and the fact I can’t sign in to my account. I had switched to a new phone, and everytime I touch the “I already have a wallet” it’s just loads and loads and loads and loads and loads and loads and loads and loads and loads and loads and loads and loads and loads and loads and loads and loads and loads and loads and loads and loads and loads and loads and loads and loads and loads. Until you hit create a new Wallet and it’s full speed ahead. But hitting the i latest have a wallet is not working. For a company which charges a lot of fees for certain things you would think they wouldn’t have problems with you signing back in. Can anyone help? And still no help? No fix off this bug even after updating , deleting,restarting my phone and re downloading the app. I have money stuck there and I lost opportunities on certain nfts all because it just wants to load..moment I find my old phone I’m going to try get my money out, and DELETE this wallet! And go to MetaMask


By

DONT DO IT ! Customer Support doesn’t support

Wallet is pretty standard. You can move coins into wallet for a fee. ETH gas isn’t the problem. NEVER EVER EVER NEVER STAKE ON THIS WALLET. Website says you can withdraw at anytime. Not true. It’s the old bait and switch. Once you stake you will receive an error message that says can not calculate miner fee. Also will change the interest rate on you instantly. Contact customer support. They will send a canned response asking for more info then go silent because they don’t know what is happening. For a public traded company that handles fiat currency they should really open phone support. And I know what the vets will say. It’s crypto so just be prepared to lose it. But there are alternatives out there that practice what they preach and deliver. This wallet is not one of them. I wonder since they are on the stock exchange if the FTC would look into them now. I may just try it. What do I have to lose since I have already lost. I will report back my findings. Good Luck fellow crypto adventurers and be safe out there !


By

Feature Requests

Great app! I especially like that the seed phrase/private key stay on your mobile device, even when approving transactions using the Chrome extension. The next best thing to a hardware wallet. A few suggestions: 1. When selecting Settings > Recovery Phrase, please add a very scary (and informational) warning before showing the seed words. With SharePlay now built into FaceTime, I suspect scammers will attempt to ‘help’ new/unsuspecting users by asking them to open this Recovery Phrase while sharing their screen. 2. I can’t seem to find a way to clear browser history in the app. It would be nice if it was possible to purge history and disconnect my wallet from all websites at the same time (similar to ‘Clear Privacy Data’ in Metamask). If I wanted to interact with that site again in the future, I would need to reconnect. 3. New users are often worried when they see the developer name Toshi, thinking that this is a fraudulent application. If possible, switching the developer name to Coinbase would inspire more confidence in the app. Keep up the good work!


By

NOT SAFE!!!

I also lost all, but $0.80 cents worth of BTC a few weeks ago from my Coinbase Wallet. I checked my phone and there are no signs of hacking. I am also very careful with my information and there were no signs of hacking whatsoever. The strange thing is that the amount transferred out of my wallet requested an amount well above my available BTC. Nevertheless, Coinbase Wallet approved the transaction anyway and all my BTC, minus $0.80 cents worth was left in the wallet. Supposing that I was hacked, how is it even possible for any wallet or blockchain to approve a transaction higher than the amount available???? I submitted a request for investigation to Coinbase who said that the transaction was done from my device, but they failed to explain how a transaction higher than the amount available was even allowed to happen. I requested a review of their findings and I am waiting for their reply. There is something fishy going on here, a glitch of some sort and Coinbase is not owning it. THIS WALLET IS NOT SAFE. I am looking for another one.


By

Don’t even waste of time! WAY to much miner fee to transfer ANYTHING

I use coin base and it’s actually pretty goodSo I figured with it being an affiliation with it it would be as well boy was I wrong. After I finally tried to do some purchases on this I realized to even try and transfer my five dollar US coin to any other crypto they were trying to charge me a minor fee of over $300. Now my six dollars I spent is stuck on here and I can’t do anything with it so I try to just put it on to gain the little interest since it’s stuck here and even to transfer to gain interest on it was trying to charge a minor fee of over $300 once again so now my money is stuck in this wallet I cannot buy any crypto‘s or transfer it or do anything with it without paying a fee of over $300 this needs fixed ASAP please don’tDon’t be fooled into putting any money on here I can only imagine what the fees would be on a higher amount of money.


By

Don’t use

This app has issues and from I can tell they are not able to address the issues as good as they should be. Had issue where I can send ETC, it just stays stuck of calculating fees. Looked this up and I see where people were having this issue a month ago. Now I have been given steps to double shoot and one of the things said to remove the app and reinstall with the updated version. Well the version I had is the updated version so I re installed and when I click on I already have an account (to log back in mine) all it does is showing the loading symbol but never does anything. To top it all off I had to use another brand of crypto wallet with my 12 phrase seed to try to gain access to my ETC and it’s only showing half of what I have in Coinbase wallet. Such a head ace, I will be removing Coinbase all together cause I can’t trust to to have this issue on my regular coin base account (non wallet).







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Is Coinbase Wallet - Store Crypto Safe?

Yes. Coinbase Wallet - Store Crypto is quiet safe to use but use with caution. This is based on our NLP (Natural language processing) analysis of over 105,292 User Reviews sourced from the Appstore and the appstore cumulative rating of 4.5/5 . Justuseapp Safety Score for Coinbase Wallet - Store Crypto Is 35.7/100.



Is Coinbase Wallet - Store Crypto Legit?

Yes. Coinbase Wallet - Store Crypto is legit, but not 100% legit to us. This conclusion was arrived at by running over 105,292 Coinbase Wallet - Store Crypto User Reviews through our NLP machine learning process to determine if users believe the app is legitimate or not. Based on this, Justuseapp Legitimacy Score for Coinbase Wallet - Store Crypto Is 35.7/100.


Is Coinbase Wallet - Store Crypto not working?

Coinbase Wallet - Store Crypto works most of the time. If it is not working for you, we recommend you excersise some patience and retry later or Contact Support.




Reported Issues: 2 Comments

By Chad Austin
Mar 30 2022

Coinbase wallet needs stop be shut down asap. They are stealing money from people. You can deposit but you can never withdraw. You can watch your money grow but it is no longer yours. Coinbase wallet is the benefactor the second you deposit money it belongs to them. They fail to explain that your deposit is equal to a donation to the wallet. It's not even a wallet. It's a trap. How do we get them shut down.



By Ronald Lindsay McCulloch
Feb 10 2022

I have 2 small orders sitting in the pending file. One since the Feb 5 and one since Feb 7. Can you explain why and also I am unable to get onto Coinbase Wallet on the desk top computer, only on phone. Would desperately like issue resolved as I have more trading in mind.





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Why should I report an Issue with Coinbase Wallet - Store Crypto?

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  2. We have developed a system that will try to get in touch with a company once an issue is reported and with lots of issues reported, companies will definitely listen.
  3. Importantly, customers can learn from other customers in case the issue is a common problem that has been solved before.
  4. If you are a Coinbase Wallet - Store Crypto customer and are running into a problem, Justuseapp might not be the fastest and most effective way for you to solve the problem but at least you can warn others off using Coinbase Wallet - Store Crypto.


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