Coinbase Wallet vs Brave | Why Coinbase Dominates Brave Wallet
Jack Moreau
Apr 2024
9 min read
Fact checked
Introduction: When it comes to safeguarding your digital assets, finding the best crypto wallet is crucial. We have compared Coinbase Wallet vs Brave Wallet and examined their support for different blockchains, cryptocurrencies, unique features, compatibility with hardware wallets, and overall security. Read on and decide which wallet is best for you!
Coinbase Wallet and Brave Wallet are two popular non-custodial cryptocurrency wallets that provide users with the ability to store, manage, and trade digital assets. Coinbase Wallet was launched in 2018 by Coinbase and is an open-source mobile app available for iOS and Android devices.
Coinbase wallet
It allows users to manage their cryptocurrencies in a private and secure manner. As a self-custody wallet, users have complete control over their funds and private keys.
The wallet supports EVM-based blockchains like Ethereum and Avalanche, as well as Bitcoin, Litecoin and Solana. Users can easily connect to popular DeFi Dapps on these blockchains and engage in various decentralized finance activities.
Coinbase Wallet App
Coinbase Wallet has over 5 million downloads across Android and iOS platforms with a 4-star rating based on over 60,000 reviews. In 2019, Coinbase also released a web browser extension of their wallet, which has achieved over 1 million downloads and a 3-star rating based on 300 reviews.
Brave Wallet is a feature integrated within the Brave Browser. Brave Browser was launched in 2016 by Brendan Eich, the co-founder of Mozilla and the creator of JavaScript. The browser is built on the Chromium engine, offering a familiar browsing experience while emphasizing privacy and security.
In 2021, Brave introduced the Brave Wallet, a built-in wallet within the browser. With Brave Wallet, users can store, manage, and buy multiple cryptocurrencies.
Brave Wallet Website
They can also swap assets and participate in DeFi activities across EVM-based blockchains like Ethereum, Avalanche, and Polygon, as well as non-EVM chains like Solana.
Brave Wallet is used by over 1 million Brave browser users worldwide. It is not available in other browsers or as a standalone mobile or desktop application. When comparing Coinbase Wallet and Brave Wallet, it's important to note their differences in terms of platform availability.
Coinbase Wallet is available as a mobile app for iOS and Android, as well as a web browser extension. This allows users to access their wallets on multiple devices and platforms.
On the other hand, Brave Wallet is limited to the Brave Browser and cannot be downloaded as a separate application. Despite this limitation, Brave Wallet provides a seamless and integrated experience for Brave browser users.
Coinbase Wallet vs Brave Wallet User Experience
Coinbase Wallet is known for its slick and modern design, offering a user-friendly experience for buying, selling, trading, and storing tokens and NFTs. It supports a wide range of cryptocurrencies and blockchains, including Ethereum, Polygon, Avalanche, Solana, and more.
Coinbase Wallet cryptocurrencies
With its mobile app, users can easily store their digital assets, buy NFTs, earn staking rewards, and access DeFi. The wallet also integrates a browser where users can conveniently access DeFi dApps like Uniswap and Aave.
Coinbase Wallet Dapps
Offering a smooth and well-designed interface, Coinbase Wallet is definitely one of the best options available in the market for managing your digital assets.
In terms of compatibility, Coinbase Wallet offers support for various browsers such as Google Chrome, Mozilla Firefox, Microsoft Edge, Brave, and Opera Browser.
Coinbase Wallet Supported Platforms
On the other hand, Brave Wallet offers a seamless experience for users who already have the Brave browser installed. This integrated crypto wallet allows users to buy, store, and manage their tokens, transact in NFTs, and gain insights from market data directly within the browser.
Brave Wallet Portfolio View
Brave Wallet is quite basic overall, but its main advantage lies in its convenience for Brave users who don't have to download another wallet. Setting up the wallet is straightforward, with users simply needing to click on the wallet icon in the toolbar and follow the process to set a password and obtain a backup code.
Brave Wallet Cryptocurrencies
Users can manage their Basic Attention Tokens (BAT), buy cryptos and NFTs with traditional payment methods, and even link to external crypto wallets for enhanced web usage. Furthermore, Brave Wallet is compatible with Ledger and Trezor for users who prefer hardware wallets.
Coinbase Wallet vs Brave Wallet Features
Coinbase Wallet offers users a range of features and functionalities. One notable feature is the ability to swap between different assets, facilitated by integrations with third-party decentralized exchanges.
Users can swap coins based on Ethereum, BSC, Avalanche, Polygon, and the Solana Blockchain, with swaps executing at a price within 3% of the estimate. It's important to note that Coinbase Wallet charges a flat fee of 1% on all swaps, in addition to the network fee paid to validators.
Coinbase Wallet USPs
In terms of open-source nature, Coinbase Wallet stands out as it is an open-source wallet that supports NFTs on Ethereum and Polygon. Users can store and manage their NFTs, view their collections, and easily transfer them to other wallets or marketplaces.
Coinbase Wallet NFTs
Staking is also supported within the wallet, giving users the opportunity to stake assets like ETH or MATIC and earn staking rewards.
Additionally, users who already have an account on Coinbase can connect it to the wallet, making it easier to buy cryptocurrencies within the wallet interface using Coinbase Pay. Multiple wallet addresses can also easily be created for users that want to use different wallets for different purposes.
Brave Wallet, which is embedded within the Brave browser, offers an array of features tailored to the Ethereum and Solana communities. Users can make in-app swaps by leveraging exchanges like 1inch and Matcha. Brave similar to Coinbase Wallet also charges a 1% fee for every swap transaction.
Brave Wallet Swap
Transparency is one of the wallet's core principles, as it is an open-source wallet that supports NFTs and allows users to connect to dApps on the Solana network.
Brave Wallet USPs
Additionally, Brave Wallet offers support for thousands of cryptocurrencies, including stablecoins like USDT and USDC across several blockchains. For users prioritizing cold storage, Brave Wallet provides compatibility with trusted hardware wallets like Ledger and Trezor.
Brave Wallet Blockchains
In terms of bridging the gap between crypto and traditional finance, Brave Wallet seamlessly integrates with Uphold, enabling fiat-to-crypto purchases right within the wallet interface.
Starting with Coinbase Wallet, one of the main highlights of this wallet is its self-custody design, which ensures that users have full authority over their crypto assets and private keys.
Coinbase Wallet Dapp Blocklist
This means that even Coinbase itself cannot access the tokens or NFTs held within the wallet without the user's recovery phrase. This provides a high level of security as the assets remain under the user's control.
Coinbase Wallet also offers advanced security measures to safeguard the assets across various devices. This includes features like biometrics, security locks, and compatibility with Ledger hardware wallets via its browser extension.
Coinbase Wallet Ledger
The wallet also provides transaction transparency through token approval alerts, allowing users to know exactly which assets a Dapp might access.
Coinbase Wallet Transaction Transparency
Additionally, Coinbase has a fully decentralized and crowdsourced security audit and bug bounty solution called WEFUZZ, which further enhances the wallet's resistance to potential threats.
On the other hand, Brave Wallet, which is seamlessly integrated into the Brave browser, offers a different approach to security. By ensuring users retain complete control over their private keys and funds, it eliminates dependence on third-party intermediaries.
The wallet's intrinsic integration with the Brave browser significantly reduces its susceptibility to phishing attempts, counterfeit websites, and theft. It also offers seamless connection with hardware wallets like Trezor and Ledger.
Brave Wallet demonstrates its commitment to transparency by being open-source, inviting anyone to inspect its code for potential vulnerabilities. The wallet has also established a bug bounty program on HackerOne, allowing white hackers to earn bounties for identifying vulnerabilities.
Coinbase Wallet vs Brave Wallet Conclusion
In conclusion, based on the data provided, each wallet has its own unique advantages in terms of support for cryptocurrencies, blockchains, and features.
Coinbase Wallet is popular for its nice and clean interface and support for thousands of cryptocurrencies.
It also has integrated DeFi functionality and the ability to link to your Coinbase account. However, it only supports EVM-Based blockchains, Bitcoin, Litecoin and Solana, and it has limited functionality and no staking support.
Brave Wallet, on the other hand, is known for its safety as compared to extension wallets and its convenient in-browser functionality. It also offers Ledger and Trezor support for enhanced security.
However, it is only available via the Brave browser and has limited functionality and average user experience. Furthermore, it can be expensive to buy cryptocurrencies with fiat, and it does not offer any staking support.
Having outlined all of these key facts, the winner of this wallet comparison is Coinbase Wallet as it iffers
Jack is a crypto writer and reviewer who has been active in the space since he caught the crypto bug in 2017. With a passion for trying out new shiny things, Jack is always eager to try the latest cryptocurrency exchanges, wallets or DeFi applications.
