does coinbase wallet support erc20

Coinbase Wallet supports ERC-20 tokens, enabling users to securely store, transact, and swap these tokens within the wallet's user-friendly and secure platform.

Nov 04, 2024 at 11:42 am

Does Coinbase Wallet Support ERC-20 Tokens?

Understanding ERC-20 Tokens

ERC-20 tokens are a type of cryptocurrency that runs on the Ethereum blockchain. They are used to represent various assets, such as digital assets, utility tokens, or even security tokens.

Coinbase Wallet and ERC-20 Support

Yes, Coinbase Wallet fully supports ERC-20 tokens. You can use your Coinbase Wallet to:

Store and manage your ERC-20 tokens securely.
Send and receive ERC-20 tokens from other Coinbase Wallet users or external wallets.
Swap between supported ERC-20 tokens directly within the wallet (this feature may be limited in certain jurisdictions).

How to Add ERC-20 Tokens to Coinbase Wallet

To add an ERC-20 token to your Coinbase Wallet, follow these steps:

Open the Coinbase Wallet app and tap on the Assets tab.
Tap on the "Add Asset" button.
Search for the specific ERC-20 token you want to add.
Tap on the token to add it to your wallet.

Security with Coinbase Wallet

Coinbase Wallet prioritizes the security of your funds, including your ERC-20 tokens. It uses robust security measures such as:

Self-custody: Your private keys (which grant access to your funds) are stored solely on your device and not shared with Coinbase.
Multi-factor authentication: This adds an extra layer of security by requiring you to verify your identity through multiple methods.
Insurance: Coinbase maintains insurance policies to protect your assets from various threats, including cyberattacks and theft.

Supported ERC-20 Tokens

Coinbase Wallet supports a wide range of popular ERC-20 tokens, including:

Ethereum (ETH)
Bitcoin (BTC) (through the Wrapped Bitcoin [WBTC] token)
Tether (USDT)
DAI
Uniswap (UNI)
Chainlink (LINK)
Shiba Inu (SHIB)
Decentraland (MANA)

Conclusion

Yes, Coinbase Wallet is a secure and convenient way to store, manage, and transact ERC-20 tokens. With its user-friendly interface and comprehensive security features, Coinbase Wallet is an ideal choice for both experienced and beginner cryptocurrency users.

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