Non-custodial software wallet review
Coinbase Wallet
Reviewed for custody, security, supported assets, cost, audit history, backup model, and open-source status.
4.2 B IC wallet score
CustodyNon-custodial
TypeNon-custodial software
Supported assetsNot verified
PriceFree
Open sourceYes
Last verified2026-04-15
Security And Backup
12-word Secret Recovery Phrase (BIP39)
Pros
- Self-custody (separate from the Coinbase exchange custodial product)
- Supports Bitcoin, Ethereum, Solana, and many EVM L2s
- Mobile + browser-extension parity
Cons
- Hot wallet — malware exposure
- Wallet SDK and parts of the codebase are open; mobile app is partially closed
- Recovery phrase ties future device to a single backup string
Score Breakdown
Security 3.7 Key isolation, audits, recovery
UX 4.5 Setup, daily use, recovery flow
Asset coverage 4.3 Chains and tokens supported
Cost 5.0 Device price + on-chain fees added
Open source 3.5 Source available + audited
Audits
- Public security disclosures via Coinbase HackerOne program