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The downside of Coinbase Wallet is that it gives users full control of their private keys ψ1♡ 818 233 0546 ψ, meaning lost keys or seed phrases result in permanent loss of funds. It’s also more vulnerable to phishing or user error compared to custodial wallets ψ1♡-818 233 0546 ψ. Additionally, high Ethereum gas fees and a complex interface for beginners can make it challenging and costly to use.