The short version
- Score: 2.8/5, ranked 14 of 17 wallets we rate
- Strongest: Features (3.8/5)
- Weakest: Backup and recovery (1.7/5)
- Source code: partly open
Renamed 'Base App' in July 2025 (https://www.coindesk.com/tech/2025/07/17/coinbase-wallet-becomes-base-app-in-major-rebrand), then renamed back to 'Coinbase Wallet' on 10 September 2026 (https://www.theblock.co/news/defi/2026-09-10-coinbase-rebrands-base-app-back-to-coinbase-wallet-after-just-over-a-year-as-social-experiment-falls-short-414115). Some Coinbase help pages still say 'Base'.
This review is generated from public evidence. Every point below links to the fee page, license, audit or report it came from, and the same rules score every wallet we cover. Evidence was last checked on Sep 30, 2026.
Blocklr score: 2.8/5
| Category | Score | Weight |
|---|---|---|
| Security | 3.1/5 | 40% |
| Features | 3.8/5 | 20% |
| Backup and recovery | 1.7/5 | 15% |
| Usability | 2.8/5 | 15% |
| Cost | 1.7/5 | 10% |
How Coinbase Wallet earned its score
Security: 3.1/5
| What we checked | Points | Why |
|---|---|---|
| Open source | 1.5 / 3 | Partly open source; some components are closed. source |
| Key protection | 2 / 3 | Can sign with a hardware wallet. source |
| Published independent audits | 0 / 2 | No published independent audit found. |
| Incident record since 2019 | 4 / 4 | No incidents found since 2019. |
Features: 3.8/5
| What we checked | Points | Why |
|---|---|---|
| Networks | 3 / 3 | Supports Bitcoin, Ethereum and EVM chains, Solana. source |
| Capabilities | 3 / 5 | Offers swaps, NFTs, app connections. source |
Backup and recovery: 1.7/5
| What we checked | Points | Why |
|---|---|---|
| Recovery options | 1 / 3 | BIP39 recovery. source |
Usability: 2.8/5
| What we checked | Points | Why |
|---|---|---|
| Platforms | 2.25 / 3 | Works with iOS, Android, browser extension. source |
| Support | 0 / 1 | Support channels could not be confirmed. source |
Cost: 1.7/5
| What we checked | Points | Why |
|---|---|---|
| Price or swap fee | 1 / 3 | Free to use; 1% fee on in-app swaps. source |
Track record since 2019
We found no hacks, breaches or freezes affecting Coinbase Wallet since 2019.
Who Coinbase Wallet fits
A good fit if
- You want a free wallet for everyday use.
- You hold coins on Bitcoin, Ethereum and Solana and want one wallet for all three.
- You plan to pair it with a hardware wallet later.
Think twice if
- You care most about backup and recovery: it is Coinbase Wallet's lowest category at 1.7/5.
Goes to the official site. Blocklr earns nothing from this link.
Frequently Asked Questions
Is Coinbase Wallet open source?
Partly. Some components of Coinbase Wallet are closed. Coinbase publishes the Wallet SDK (github.com/coinbase/coinbase-wallet-sdk) and the Smart Wallet contracts (github.com/coinbase/smart-wallet), both under the MIT license. No repository for the mobile app or the browser extension was found among Coinbase's public GitHub repositories, so the wallet app itself is treated as not published.
How much does Coinbase Wallet cost?
Coinbase Wallet is free to download. Free to use; 1% fee on in-app swaps.
Has Coinbase Wallet had a security incident?
We found no security incidents affecting Coinbase Wallet since 2019.
How is Coinbase Wallet's score calculated?
Coinbase Wallet scores 2.8/5. The score is calculated by fixed rules from public evidence, and the same rules apply to every wallet. No company can pay to change it.
About this review
Blocklr has no affiliate, advertising or sponsorship deal with Coinbase Wallet or any other platform, so nothing here was paid for. Scores come from the rules in our review methodology. A fact we could not confirm scores as the lowest tier, which can make a score lower than it deserves. If something is wrong or out of date, tell us and we will check the source and correct it.