According to DefiLlama, the total blocked funds (TVL) in decentralized apps is $57.8 billion, indicating the significant popularity of the DeFi sector among investors. In 2020, the developers of Coinbase, the largest exchange, released a mobile wallet to interact with dApps. Download Coinbase on Android can any user, for this purpose it is not necessary to register an account on the exchange. The review will provide information about the functionality of the program, as well as tell you how to download and install the APK file on your phone.
Main features of the Coinbase app
The Coinbase exchange quickly became popular among investors due to the variety of features. The platform offers users spot trading, leveraged trading, the possibility of borrowing coins, tools for passive earnings. In addition, Coinbase has launched a non-custodial wallet, a platform for buying and selling NFT, and a debit card.
In 2020, the developers released an application for smartphones with Android. The mobile program allows investors to store digital assets and transfer them to other wallets, buy NFT and use passive earning tools. We can emphasize such features of the application:
- Market data. Users of Android devices can view the current prices of cryptocurrencies, study charts and find out which coins are trending upward.
- Localization. The interface of the Coinbase program is translated into 11 languages.
- Security features. Coinbase provides protection for user accounts and funds. Investors can connect 2FA, set up a trading password.
- Operational support. The application provides access to support consultations to solve any questions or problems that may arise.
- Notification system. Traders can set up push notifications about cryptocurrency prices and other important market events.
Data security
Coinbase has gained a reputation of a reliable exchange in the cryptocurrency market. The company pays special attention to security. To protect personal information, the platform uses modern data encryption methods and verifies the TLS certificate every time you connect to the server. In addition, the team regularly updates the software to eliminate possible vulnerabilities.
To securely store assets, the app features two-factor verification, PIN, and biometric authentication.
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These security methods help prevent unauthorized access to credentials. Additional security measures include:
- Transaction Preview. The app shows how the wallet balance will change after a transaction using dApps, providing transparency.
- Blacklisting. Coinbase utilizes public and private databases to protect market participants from fraudulent dApps. Before connecting to the platform, an investor will receive a warning about its unreliability.
- Scam Token Management. Attackers conduct Dusting Attacks by sending tokens to market participants to lure them to a malicious site. Coinbase removes such coins and also offers to report suspicious cryptocurrencies that appear in the wallet.
License
Coinbase operates officially and strictly complies with regulatory requirements. The company has obtained licenses in 45 jurisdictions in the United States. The cryptocurrency exchange also has permits to operate in France, Germany, Spain and Bermuda.
Wallet functionality
Coinbase Wallet gives investors full control over their digital assets. The non-custodial wallet supports a large number of cryptocurrencies including Bitcoin, Ethereum, Litecoin, Dogecoin, Solana, and Arbitrum. Users of the mobile app can:
- Store, receive, and transfer cryptocurrency.
- Buy coins for fiat money.
- Connect to decentralized applications and exchanges in the built-in browser.
- View transaction history and track transactions.
- Trade non-mutually exchangeable tokens.
- Exchange digital assets between each other.
- Place cryptocurrencies into staking and earn up to 4.24% APR.
- Study up-to-date market data.
- Communicate with other investors in a secure messenger.
In the settings, users can add an ENS address, connect the cryptocurrency wallet to the exchange, set the currency for displaying the balance and transactions, choose the unlocking method. There is also a section with answers to common questions and an online chat button with operators.
For novice investors, there is a simple version of the application, which removes most of the functionality, leaving only the basic sections.
This allows you to focus on basic operations such as sending, receiving and storing cryptocurrency.
Available languages
Coinbase works with investors from different countries. To ensure convenience and accessibility for users, the interface of the mobile program is translated into several languages. Among them are Russian, English, French, Spanish, and Turkish. The language can be changed in the application settings.
Download APK Coinbase APK program on Android
Despite the fact that in February 2024, the Coinbase exchange does not accept residents of Russia, any user can download a non-custodial wallet. Instructions on how to download the APK Coinbase Wallet app on Android:
- Open the Google Play store on your mobile device.
- In the search bar, type the name of the program.
- Click on the official application developed by Coinbase, Inc.
- On the page that opens, click on “Install”.
- Wait for the download to complete.
After downloading the software, you need to create a wallet. To do this, you need to perform a few actions:
- Open the program.
- Click on the “Create a new wallet” button.
- Go to the “Settings” section.
- Click on “Address 1”.
- Open the “Recovery Phrase” tab.
- A window with 12 randomly generated words will be displayed, which you need to copy in the correct order and save.
- Click on “Create backup”.
- Accept the terms of use of the platform and finalize the procedure.
Seed-phrase is an important security element. If the investor loses access to the cryptocurrency wallet, it will become the only way to recover assets. It is necessary to write down these words and store them in a safe place, protected from third parties.
System Requirements
Before installing the APK file, you need to check the hardware specifications of the phone. It is important that they meet the minimum requirements of the program. If the device is incompatible with the application, it may lead to failures and malfunctions. The recommended parameters are listed in the table below.
| Requirements | Values |
|---|---|
자주 묻는 질문
📌 Why connect a cryptocurrency wallet to an exchange account?
This will allow you to quickly transfer assets, as well as buy coins with fiat money. However, you need to keep in mind that this feature is not available for users from Russia, as they cannot register on the exchange.
📢 Which blockchains does the service support?
📱 Does Coinbase only have a mobile wallet?
An extension for Chrome and Brave browsers is also available.
🔎 What commission do I have to pay when exchanging coins?
The DEX aggregator, through which transactions are conducted, charges 0.1% of the amount.
⚡ How can I get back money sent to the wrong address?
It is not possible to undo a transaction on the blockchain. It is recommended to check the address carefully before sending funds.
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