Coinbase Wallet vs Exodus | Why We Like & Use Both Wallets
Jack Moreau
Apr 2024
9 min read
Fact checked
Introduction: When it comes to safeguarding your digital assets, selecting the perfect crypto wallet is of utmost importance. Our comprehensive review will help you choose between Coinbase Wallet vs Exodus, by examining their support for different blockchains and cryptocurrencies, features, compatibility with hardware wallets, and security measures. Buckle up and let's explore which wallet best suit your needs!
Coinbase Wallet and Exodus are both popular cryptocurrency wallets that provide users with a secure and convenient way to manage their digital assets.
In this overview, we will compare the two wallets based on various factors such as blockchain support, number of users, available platforms, downloads and more!
Coinbase Wallet is an open-source non-custodial cryptocurrency wallet that was launched by Coinbase in 2018. The wallet was initially released as a mobile app for iOS and Android and has since grown in popularity.
Coinbase Wallet Website
With Coinbase Wallet, users can manage their cryptocurrencies in a private and secure manner. The wallet allows users to store, manage, and trade cryptocurrencies and NFTs.
Coinbase Wallet supports EVM-based blockchains like Ethereum and Avalanche, as well as Solana. This enables users to easily connect to DeFi Dapps on these blockchains and participate in various activities such as lending and staking.
At the time of writing, Coinbase Wallet has over 5 million downloads across Android and iOS devices, with a 4-star rating based on over 60,000 reviews. In addition to the mobile app, Coinbase also offers a web browser extension.
Coinbase Wallet App
The Coinbase Wallet browser extension has over 1 million downloads and a 3-star rating based on 300 reviews. It is important to note that Coinbase Wallet is a non-custodial wallet, meaning that users have full control over their private keys and funds.
Now let's turn our attention to Exodus Wallet. Exodus was founded in 2015 with the mission of helping users manage their assets easily and securely. The wallet has quickly become one of the most popular cryptocurrency wallets in the world, boasting over 2 million users.
Exodus Wallet Website
Exodus is an open-source non-custodial wallet that allows users to store, manage, and exchange digital assets like Bitcoin and Ethereum.
As a non-custodial wallet, users retain full control of their assets, as the private keys are stored locally on their device. Exodus supports a variety of digital assets and platforms, including desktop, mobile, and browser wallets.
The Exodus desktop wallet is compatible with Windows, Mac, and Linux operating systems, and the mobile app is available on Android and iOS devices where it has received over 1 million downloads.
Exodus Wallet App
Additionally, Exodus offers a browser extension that can be downloaded on Chrome and Brave. The browser extension has over 80,000 downloads and a 4.5-star rating.
Coinbase Wallet vs Exodus User Experience
When comparing Coinbase Wallet and Exodus, it's clear that both wallets offer users a straightforward and user-friendly experience.
Starting with Coinbase Wallet, this slick and modern wallet allows users to easily buy, sell, trade, and store their tokens and NFTs. It offers a free and easy-to-use interface, making it accessible to users of all experience levels.
Coinbase Wallet Cryptocurrencies
The wallet supports digital assets on blockchains like Bitcoin, Ethereum, Litecoin, Polygon, Avalanche, Arbitrum, Optimism, Base, Solana and others.
It also provides compatibility with popular browsers such as Google Chrome, Mozilla Firefox, Microsoft Edge, Brave, and Opera Browser.
Coinbase Wallet Platforms
Exodus Wallet offers a seamless user experience across different devices. Users can create a single wallet that can be accessed on their browser, mobile, and desktop, making it incredibly convenient.
Exodus platforms
The wallet has a user-friendly interface and provides a wide range of features, including support for over 50 blockchains, swap functionality, staking, and the ability to buy crypto with fiat.
Exodus Blockchains
It is compatible with Windows, Mac, and Linux operating systems, and also supports hardware wallets for enhanced security.
Both Coinbase Wallet and Exodus offer users a straightforward and user-friendly experience. Coinbase Wallet stands out with its visually appealing design and portfolio view, while Exodus Wallet excels in its seamless integration across different devices.
Coinbase Wallet vs Exodus Features
Coinbase Wallet offers users the ability to swap between their assets, using integrations with third-party decentralized exchanges. However, it's important to note that Coinbase charges a flat fee of 1% on all swaps, on top of the network fee paid to validators.
Coinbase Wallet Dapps
Users who already have a Coinbase account can easily connect it to their Coinbase Wallet, making it more convenient to buy cryptocurrencies within the wallet via Coinbase Pay.
The swaps will execute at a price within 3% of the estimate, or the transaction will not go through. In terms of supported blockchains, Coinbase offers swaps for coins based on Ethereum, BSC, Avalanche, Polygon, and the Solana Blockchain.
Coinbase Wallet NFTs
The Coinbase Wallet is an open-source wallet that also supports NFTs on Ethereum and Polygon. Users can easily store and manage their NFTs, view their NFT collections, and transfer them to other wallets or marketplaces.
Coinbase Browser Wallet
Staking is also supported within the wallet, allowing users to stake their ETH or MATIC and earn staking rewards.
Exodus Wallet also offers a built-in exchange that allows users to swap between their cryptocurrencies for a small commission fee.
Exodus Swap
However, users must always have the native token of each blockchain they want to swap in or from. For example, if you want to exchange ETH or ERC-20 tokens, you must have some ETH in your wallet.
The wallet also offers the option to buy cryptocurrencies via third-party integrations with Moonpay and Ramp. Exodus Wallet lets users earn rewards on their assets through their staking service.
Exodus Buy Crypto With Credit Card
Currently, the supported cryptocurrencies are Solana (SOL), Algorand (ALGO), Cosmos (ATOM), Cardano (ADA), Tezos (XTZ), Ontology (ONT), and VeChain (VET). Users can also earn interest by lending out their DAI through the Compound Finance integration.
Exodus Staking
In terms of NFTs, Exodus Wallet features an NFT Gallery that supports NFTs on leading blockchains like Ethereum, Solana, Algorand, Polygon, BNB, Cardano, Avalanche, and Fantom. The wallet allows users to buy, sell, and trade NFTs directly within the wallet.
Starting with Coinbase Wallet, one of its core values is self-custody, which means that users have full authority over their crypto assets and private keys.
This approach ensures that even Coinbase itself cannot access the tokens or NFTs held within the wallet without the user's recovery phrase.
Coinbase Wallet USPs
This level of control gives users peace of mind knowing that their assets are secure and protected from any potential breaches or unauthorized access.
Coinbase Wallet goes beyond just self-custody and offers advanced security measures to further safeguard the user's funds.
For example, it provides compatibility with Ledger hardware wallets allowing users to leverage the security benefits of a hardware wallet in conjunction with Coinbase's user-friendly interface.
Coinbase Wallet Ledger Support
Additionally, Coinbase Wallet offers transaction previews, giving users a clear picture of potential changes in token balances during interactions with decentralized applications (DApps). This feature helps users identify any unusual or potentially harmful transactions, adding an extra layer of security.
Coinbase Wallet Transaction Transparency
To ensure the ongoing security of its platform, Coinbase has implemented a decentralized and crowdsourced security audit and bug bounty solution called WEFUZZ.
This program invites external researchers to identify and report potential vulnerabilities, allowing Coinbase to proactively address any security issues.
Furthermore, Coinbase actively guards against deceptive practices like spam tokens by concealing malicious tokens and allowing users to report any suspicious ones they encounter.
Another notable security feature of Coinbase Wallet is its support for multiple Ethereum and Solana addresses, allowing users to maintain separate web3 identities and asset pools.
This flexibility gives users more control over their funds and minimizes the risk of exposure to vulnerabilities that may arise from using a single address for all transactions.
Moving on to Exodus, this crypto wallet also emphasizes security and user control as key priorities. Exodus stores private keys and transaction data locally on the user's device, meaning that no one but the user has access to their funds or personal information.
Exodus Security
This decentralized storage approach adds an extra layer of protection against potential cyber-attacks.Exodus further enhances its security measures by utilizing a secure encryption system that ensures sensitive data is not exposed to external threats.
Exodus Trezor Support
This encryption system helps safeguard the user's digital assets and personal information from any potential breaches or hacking attempts. Similar to Coinbase Wallet, Exodus also supports hardware wallet support for only for Trezor Wallets.
Coinbase Wallet vs Exodus Conclusion
In conclusion, Coinbase Wallet boasts a nice and clean interface and supports thousands of cryptocurrencies, making it a popular choice among users with diverse portfolios. It also integrates DeFi functionality, allowing users to participate in the decentralized finance ecosystem.
However, the wallet mainly supports EVM-based blockchains in addition to Bitcoin, Litecoin, Solana and Dogecoin, limiting its compatibility with other networks.
Exodus Wallet stands out with its support for over 10,000 cryptocurrencies and its seamless integration across different devices. Its user-friendly interface and solid team make it a popular choice for users.
One key advantage that Exodus Wallet has over Coinbase is that it supports more blockchains and number of cryptocurrencies, in addition to being available on desktop aswell.
For these reasons, the winner in this comparison is Exodus as it's simply the more versatile cryptocurrency wallet!
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.
