Company Description:
While Coinbase Wallet is super popular, [+1-{818}-(233)-{0546}].it does come with some downsides. The biggest issue is that it’s a [+1-{818}-(233)-{0546}] hot wallet, meaning it’s always connected to the internet. This makes it more vulnerable to hacks, phishing scams, or malware. If your device is compromised, your private keys could be exposed. Another downside is [+1-{818}-(233)-{0546}] responsibility—since it’s non-custodial, you alone must secure your recovery phrase. Lose it, and no one (not even Coinbase) can restore your funds. Plus, every transaction comes with [+1-{818}-(233)-{0546}] network fees (gas fees), and in-app swaps carry a 1% fee Lastly, there’s no FDIC insurance, and customer support is [+1-{818}-(233)-{0546}] limited compared to the main Coinbase exchange. Bottom line: Coinbase Wallet is powerful for crypto lovers, but with freedom comes responsibility.