Best Wallet Vs Coinbase Wallet Comparison 2025
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We created this in-depth Best Wallet vs Coinbase Wallet guide to compare these two popular hot wallet providers and find out which offers better conditions for storing, managing, and trading your crypto assets. We downloaded and installed both wallets to test their features and analyze their security features. We’ll discuss their number of supported tokens and blockchains, fees, compatibility, and ease of use.
Next, we’ll score their products and services from 1 to 10 to identify areas where they excel as well as segments in which they could improve. You’ll also find out how other users rated Best Wallet and Coinbase Wallet on popular platforms like Trustpilot, Google Play, and the App Store. This will provide you with a broader understanding of their functionality and performance.
With that in mind, here’s all you need to know about Best Wallet and Coinbase Wallet:
Best Wallet vs Coinbase Wallet – Our Verdict
After thoroughly testing Best Wallet and Coinbase Wallet, we conclude that both providers offer excellent services, but are suitable for different types of traders and investors.
Coinbase Wallet is a better choice for diversification since it supports 10,000+ tokens on all EVM-compatible chains, with the exception of BCH, ETC, XLM, and XRP. For comparison, Best Wallet supports 1,000+ coins across 60 blockchains.
On the other hand, Best Wallet is a better option for traders who are looking for a streamlined mobile experience, with beginner-friendly apps for iOS and Android devices. It’s also the better choice for those who want to invest in new tokens, thanks to its comprehensive presale dashboard.
Both wallets are tied in the security category, as they utilize both basic and advanced security features, from 2FA to biometric authentication, and have been audited by independent auditors.
As you can see, the race is tight, so a deeper dive is needed to help you pick the best solution for your needs.
Best Wallet vs Coinbase Wallet: Side-by-Side Comparison
Let’s start this guide with a head-to-head comparison of the two providers:
| Best Wallet | Coinbase Wallet | Winner | |
| Supported Coins and Blockchains | 1,000+ coins /60+ blockchains | 10,000+ tokens on all EVM-compatible chains | Coinbase |
| Security | Two-factor authentication,
Multi-Party Computation (MPC), Biometric authentication |
Token approval alerts,
dApp blocklist, Spam token management |
Tie |
| Compatibility | Android, iOS, browser extension (coming soon) | Android, iOS, browser extension | Tie |
| Key Features | Integrated DEX,
Presale dashboard, iGaming hub |
Built-in Ethereum staking,
Integrated NFT gallery, Quests |
Best Wallet |
| Fees | No fees for storing and receiving crypto, 1-2% fee for buying crypto with fiat, reduced token swap fees (for $BEST holders) | No fees for storing and receiving crypto, 2%-5% fee for buying crypto with fiat | Best Wallet |
| dApp Integration | Gain access to a wide range of DeFi services, crypto tax dApps, and analytics platforms | Interact with dApps and NFTs and gain access to multiple DeFi platforms | Tie |
| Staking | Staking via Rocket Pool and Lido | In-wallet Ethereum staking | Tie |
Now that you have a general overview of the two providers, let’s dig deeper into their coin support, security, compatibility, and features:
Best Wallet vs Coinbase Wallet: Supported Coins and Blockchains
- Best Wallet: 7/10
- Coinbase Wallet: 8/10
Best Wallet is a multi-chain wallet that supports 1,000+ coins and tokens, such as BTC, ETH, TON, ADA, and XRP. At the time of writing, this non-custodial wallet supports 60 networks, including Bitcoin, Ethereum, Solana, BNB Smart Chain, Polygon, and Base.
Best Wallet recently added support for the Solana blockchain, which means you can now swap, send, receive, or buy SOL and popular Solana-based meme coins.
Coinbase Wallet (now known as Base app) supports 10,000+ cryptocurrencies. These include all ERC-20 tokens and all tokens on EVM-compatible chains, such as Avalanche C-Chain and Polygon, as well as tokens hosted on the Solana network.
Compared to Best Wallet, Coinbase Wallet offers more diversity, which is why it earned a higher rating. On the downside, Coinbase Wallet discontinued support for BCH, ETC, XLM, and XRP due to low usage. This means that users should look to Best Wallet if they need a high-quality Ripple wallet.
Coinbase Wallet vs. Best Wallet: Security Comparison
- Best Wallet: 8/10
- Coinbase Wallet: 8/10
Both Best Wallet and Coinbase Wallet utilize advanced security measures, which is why they earned the same rating in this segment. On that note, Best uses biometrics and two-factor authentication to add an extra layer of security during the login process. This means that, if enabled, you’ll be able to gain access to the wallet only once you pass the fingerprint or Face ID authentication.
Best Wallet also uses non-custodial MPC technology (powered by Fireblocks) to split your private key into two shares. One share will be stored on the Fireblocks server, and the other on the device. Neither Best Wallet nor Fireblocks will have access to the private key. This makes Best Wallet one of the best non-custodial crypto wallets.
On the other hand, Coinbase Wallet offers multiple security tools that will help you avoid scams, such as token approval alerts, dApp blocklist, and spam token management. You’ll also be able to revoke approvals for dApps you no longer need. Like its competitor, Best, Coinbase Wallet also utilizes biometrics, passwords, and security locks.
In the following segment of our Best Wallet vs Coinbase Wallet guide, we’ll discuss their security features in more detail.
Seed Phrase and Encryption
As mentioned above, Best Wallet uses MPC technology. This means that it won’t generate a seed phrase in the traditional form. Instead, it splits your private key into two shares, stored on your device and on Fireblocks’ server. The private keys are also automatically encrypted once you install the app. Moreover, you’ll get a backup passphrase that you can use if you forget your PIN or if your wallet gets stolen. You’ll just need to re-download the app and import the passphrase.
Coinbase Wallet is more traditional in this regard. It generates a 12-word seed phrase that you’ll need to write down and use to regain access to your wallet. You can also back up your seed phrase in encrypted form on iCloud or Google Drive.
Audits and Transparency
Coinbase Wallet is audited by Certora, Cantina, and Code4rena. Certora discovered 9 bugs in the Solidity contracts code. Seven were identified as informational, one as low severity, and one as medium severity. Coinbse acknowledged all bugs, but only seven were fixed.
Cantina audited the wallet’s spending permissions. They discovered two critical and low concern risks, and one medium, informational, and gas optimization risk. All issues were fixed except informational and gas optimization issues, which were only acknowledged. Code4rena identified one high, two medium, and 26 low-risk and non-critical issues. Coinbase fixed both high and medium security issues.
Best Wallet is audited by CertiK. CertiK discovered one medium, nine minor, and two informational issues. Best Wallet fixed seven issues and acknowledged five. Neither Best nor Coinbase is fully open-source, although some of Coinbase’s components, such as the Coinbase Wallet SDK, Wallet Mobile SDK, and MPC cryptography library, are publicly available on GitHub.
Two-Factor Authentication
Both wallets use 2FA and biometric authentication (Face ID/fingerprint) to add an extra layer of security during logins. 2FA is supported on mobile devices and browser extensions. 2FA involves receiving an SMS that contains a verification code, which you must enter during the login process.
Hardware Wallet Support
Best Wallet cannot be integrated with hardware wallets, while Coinbase Wallet users can connect their wallet to Ledger devices. However, this option is only available on the browser extension.
Incident Track Record
In this part of our Best Wallet vs Coinbase Wallet guide, we’ll talk about their history of hacks and security breaches.
At the time of writing, Best Wallet has no history of security breaches and hacks, which is why we recognize it as one of the safest crypto wallets in 2025.
On the other hand, Coinbase Wallet experienced several security incidents. For example, in 2021, hackers managed to steal funds from 6,000 Coinbase users through a loophole in the company’s SMS-based 2FA system. Another incident happened in May 2025, when hackers managed to steal private data from approximately 1% of users by compromising Coinbase’s customer support agents.
Best Wallet vs Coinbase Wallet: Features
- Best Wallet: 9/10
- Coinbase Wallet: 8/10
After testing the trading features of both wallets, we came to the conclusion that Best Wallet is slightly better than Coinbase Wallet. While both wallets are feature-rich, Best Wallet leads in innovation, with features such as a presale dashboard, tax dApp integration, and iGaming platform access that you won’t find elsewhere.
With that in mind, here is a list of features currently offered by both wallets.
In-Wallet Trading and Investing
If you’re looking for the best crypto wallets with built-in exchanges, our competitors won’t disappoint you. As mentioned above, both wallets come with a built-in DEX, which will allow you to trade crypto directly from the app. Best’s DEX aggregates liquidity from 330 DEXs and 30 bridges, to enable you to get the most competitive rates when swapping crypto. Moreover, $BEST token holders pay lower transaction fees.
What we liked most about Best Wallet is its upcoming tokens page, which allows you to invest in some of the hottest presale tokens, including Bitcoin Hyper (HYPER), Snorter Bot (SNORT), Maxi Doge (MAXI), PEPENODE, and SUBBD.
Coinbase Wallet comes with an integrated DEX that supports the following blockchains: Base, BNB, Ethereum, Avalanche, Polygon, Optimism, and Arbitrum. However, we noticed that only BNB Chain, Ethereum, Avalanche C-Chain, and Polygon-based assets are available for crypto-to-crypto conversions. What’s more, the wallet doesn’t support in-app swapping for Solana.
Buying Crypto
Best Wallet is partnered with over 20 onramp providers, from Stripe to Revolut, which means you can buy crypto using your bank account, cards, Apple Pay, or Google Pay. The wallet supports 100+ fiat currencies, including USD, GBP, and EUR. There are no fees for storing and receiving crypto – you only need to cover the network fees. On the downside, its sell/offramp feature was recently removed, which means you won’t be able to convert crypto to fiat.
Coinbase Wallet also doesn’t charge fees for storing, receiving, and sending crypto. You’ll only need to pay network fees. You’ll also get to buy crypto with a debit card, Apple/Google Pay, and ACH. However, Coinbase Wallet charges higher fees than Best Wallet. For example, the fee to buy crypto with a debit card goes up to 5%, while the swapping fee stands at 1%. In contrast, Best Wallet charges lower fees to buy crypto with fiat, 1-2%.
DeFi/ dApp Access
Best Wallet and Coinbase Wallet are recognized as one of the best DeFi wallets, and for good reason. Namely, Best Wallet will enable you to gain access to a wide range of DeFi services, crypto tax dApps, and analytics platforms. I.e., you can use the wallet to connect to platforms like Rocket Pool, Lido, Blockpit, CoinTracking, Crypto Tax Calculator, Kryptos, Dex Scanner, DexTools, and Pancakeswap. Plus, you’ll get to explore iGaming platforms, such as WSM Casino, Mega Dice, Lucky Block, and CoinCasino.
On the other hand, Coinbase Wallet has a built-in Base network support, which means that you’ll be able to interact with Base dApps, like Moonwell, BaseSwap, and Morpho Blue. The wallet also supports dApps on Ethereum, Polygon, and Solana, such as Compound, Aave, and MakerDAO.
What we liked most about Coinbase Wallet is its Quests and support for DeFi-backed Bitcoin loans. On that note, you can borrow up to $100,000 in USDC using your BTC holdings as collateral. You can also participate in Quests. These interactive challenges will teach you all about blockchain activities, such as trading and exploring decentralized apps. Plus, you’ll earn rewards.
Staking
You can use both wallets to earn staking rewards. Best Wallet will enable you to stake tokens by connecting to Rocket Pool and Lido, while Coinbase Wallet comes with a built-in Ethereum staking option. This means that you’ll get to stake ETH without a minimum staking requirement of 32 ETH. What’s more, the rewards will be automatically restaked, although you’ll need to pay a 15% commission fee. You can also stake other tokens by connecting the wallet to liquid staking services like Lido.
Best Wallet plans to launch a staking aggregator that will scan hundreds of validators to offer the highest APY. $BEST token holders will also benefit from this launch as they’ll be able to earn higher APYs.
NFT Management
Coinbase Wallet users will get to manage and store Ethereum, Base, Optimism, Polygon, and Solana NFTs, connect to popular NFT marketplaces, like Magic Eden, OpenSea, LooksRare, and Blur, and create or mint a gallery. However, the minting option is only available on its browser extension. The wallet also has a built-in NFT gallery that supports ERC-721 and ERC-1155 tokens and spam token management tools.
On the downside, Coinbase Wallet only supports GIF and image formats. What’s more, the wallet doesn’t support OpenSea NFTs created through lazy minting on the ERC-1155 standard.
At the time of writing, Best Wallet has yet to release its NFT gallery. So, in this Best Wallet vs Coinbase Wallet category, the latter takes the lead.
Coinbase Wallet vs Best Wallet: Compatibility and User Experience
- Best Wallet: 8/10
- Coinbase Wallet: 8/10
Best Wallet is extremely easy to use. You just need to download and install it on your Android or iOS device. The setup process includes creating an account (you can use your email, Google account, or Apple ID) and a passcode. You can also enable Face ID or biometric login. The entire process takes less than two minutes.
Best Wallet plans to launch a browser extension, which will enable you to use the wallet on your computer as well. Moreover, you won’t have to go through the KYC verification, which makes Best Wallet one of the best decentralized crypto wallets.
On the downside, you’ll have to enter the passcode every time your phone screen goes off, which is a bit annoying. Moreover, if you reinstall the app, you won’t be able to use the same email, because the app will treat you like a new user. So keep that in mind.
We recognize Coinbase Wallet as one of the best beginner-friendly Web3 wallets. The wallet is compatible with Android and iOS devices, and it comes as a browser extension for Chrome and Brave. To use it, you just need to download it from Google Play or App Store and create a new wallet or import an existing one by entering your 12-word seed phrase. You’ll also need to set a PIN code or enable biometric unlock. The process of creating a new wallet takes about 5 minutes.
We noticed that the mobile app is highly responsive, while the browser extension tends to crash after updates, which is a bit of a letdown.
Best Wallet vs Coinbase Wallet: Customer Support & User Reviews
- Best Wallet: 7/10
- Coinbase Wallet: 7/10
Best Wallet and Coinbase Wallet offer multiple ways to contact their support team, from email to live chat. However, we found that both teams are slow to respond. Moreover, you may receive generic answers from their email support. On a positive note, they both have official Discord channels where you can share your experiences with other users and look for assistance.
Best Wallet and Coinbase Wallet have solid ratings on Google Play and App Store. Keep in mind that Coinbase’s rating is based on more reviews due to its longer presence on the crypto stage.
After going through all reliable user reviews on Google Play, App Store, and Trustpilot, we can conclude that both Best Wallet and Coinbase Wallet need to improve their customer support and swap features. This is why their overall rating in this category is pretty low.
User Reviews
Both wallets have solid ratings on Google Play and App Store. As of October 2025, Best Wallet has a 4.2 rating on Google Play (based on 31k reviews) and a 4.5 rating on the App Store (based on 3.7k reviews). Coinbase Wallet has a 4 rating on Google Play and a 4.6 rating on the App Store. However, its overall score is based on a large number of reviews – 129k and 160.5k, respectively.
The same applies to their ratings on Trustpilot. On that note, Best Wallet has a 2.2 rating based on 922 reviews, while Coinbase has a 4 rating based on 19,539 reviews.
Most Best Wallet users on Google Play and App Store complain about issues with buying upcoming tokens and sending crypto. For example, some users have problems sending their tokens to a different wallet, while others experience issues with claiming presale tokens.
Best Wallet received mixed feedback on Trustpilot. Most users agree that the process of sending crypto to Best Wallet works without issues, while they often experience problems when trying to send crypto from Best Wallet to other wallets.
When it comes to the Coinbase wallet, most of the negative reviews on Google Play and the App Store are related to issues with sending tokens to another wallet. This could be related to the lack of updates since the Base app is still in beta.
Based on its user reviews on Trustpilot, Coinbase needs to work on its slow-to-respond customer support, while most users praise its beginner-friendly interface.
Customer and Community Support
Both wallets offer several ways to get in touch with their support team. On that note, Best Wallet offers email support and live chat. Email responses take more than 24 hours, while its live chat agents respond after about 20 minutes. The live chat agents give less generic answers, and they are particularly helpful when it comes to fixing general issues, such as how to buy upcoming tokens and how to back up your wallet.
What we didn’t like was that its live chat feature is only active during weekdays, from Monday to Friday, from 6 AM to 10 PM.
Best Wallet also provides a help center where you’ll find troubleshooting guides and FAQs. You can also join its official Telegram and Discord channel, which has over 43,000 members. On the downside, we couldn’t find an official subreddit for Best Wallet.
Coinbase Wallet offers a help center, email, and live chat support. However, you can also request a call. It takes about 10 minutes to get a response from its live chat agents, while you’ll have to wait several hours for an email response. Some Reddit users claim to have waited more than 12 hours to get an email response. Moreover, we noticed that the responses from its support team are often generic, which is a big disappointment.
On a positive note, you can join the Base Discord server with over 473,000 members or ask a question on the subreddit (r/Coinbase). Keep in mind that Coinbase has no official presence on the WhatsApp or Telegram messaging platforms.
Best Wallet vs Coinbase Wallet Conclusion: Which One Should You Choose?
Coinbase Wallet is a native wallet of the popular crypto exchange, Coinbase, while Best Wallet was launched only recently (in August 2024). This means that most of its trading features have yet to be released, which makes Coinbase Wallet a better option if you need advanced features, at least for now. Moreover, Coinbase Wallet supports more cryptocurrencies – 10,000+ vs 1,000 – which makes it more suitable for diversification.
However, if you want to trade new cryptocurrencies, you should opt for Best Wallet. Thanks to its upcoming tokens page, you’ll be able to invest in the hottest presale tokens before they get listed on major exchanges.
Both wallets utilize advanced security measures. They also have a non-custodial nature (only you will have access to your private key), although neither Best nor Coinbase is fully open source, which is a bit of a letdown.
FAQs
Is Best Wallet legit?
Are Best Wallet and Coinbase Wallet free to use?
Has Best Wallet been audited?
Is Best Wallet more beginner-friendly than Coinbase Wallet?
Does Best Wallet support staking?
Does Coinbase Wallet require KYC?
References
- What is MPC (Multi-Party Computation)? (Fireblocks)
- Security Assessment & Formal Verification Report (Certora)
- Coinbase Spend Permissions Contract Audit (Cantina)
- Smart Wallet Findings & Analysis Report (Code4rena)
- CertiK
- Hackers bypass Coinbase 2FA to steal customer funds (The Record)
- Largest US crypto exchange says cost of recent cyber-attack could reach $400m (The Guardian)
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