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Author Topic: Coinbase wallet vs Meta Mask wallet  (Read 397 times)
greentech2 (OP)
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May 15, 2021, 01:46:27 PM
 #1

Coinbase wallet can connect to Coinbase.com.  But some website doesn't use Coinbase wallet.  Most websites use Meta Mask wallet.  Which one is better Coinbase wallet vs Meta Mask wallet?
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May 15, 2021, 01:51:51 PM
 #2

Coinbase is a centralized wallet you cannot use a coinbase wallet to connect to other wallets / websites.
Metamask is a decentralized wallet, you have full access to it, you can easily import your wallet to other wallets that support it, such as myetherwallet, trustwallet, safepal, etc., or link it to a specific website.

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May 15, 2021, 02:01:23 PM
 #3

Coinbase is a centralized wallet you cannot use a coinbase wallet to connect to other wallets / websites.
You need to know the difference of Coinbase exchange, Coinbase Pro and Coinbase wallet.
Coinbase exchange is centralized
Coinbase Pro is also an exchanges and centralized
Coinbase wallet is custodial and not totally centralized, you'll get private key and import to any wallet just like metamask.

AFAIK the advantages of Coinbase wallet doesn't charge any fees if you transfer to Coinbase exchanges, if you use Metamask and transfer to Coinbase exchanges you will be charge additional fees.

So if you didn't use Coinbase as the exchanges you buy and sell your coins, I don't see any reason why you need to use Coinbase wallet. Metamask were better as it's more popular and trustworthy.

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May 15, 2021, 02:13:07 PM
 #4

Coinbase wallet can connect to Coinbase.com.  But some website doesn't use Coinbase wallet.  Most websites use Meta Mask wallet.  Which one is better Coinbase wallet vs Meta Mask wallet?

IMHO, I believe Metamask is far better and safe compared with Coinbase Wallet, I try using Coinbase wallet a long time ago but now I don't use it anymore I prepared to use a non-custodial wallet so that I have full control of my funds, remember in the saying, not your keys, not your coins as simple as that. Just remember to always use a decentralized non-costudial wallet so that we have a peace of mind.
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May 15, 2021, 02:27:14 PM
 #5

Coinbase wallet can connect to Coinbase.com.  But some website doesn't use Coinbase wallet.  Most websites use Meta Mask wallet.  Which one is better Coinbase wallet vs Meta Mask wallet?
You can connect coinbase wallet to coinbase.com still you need to make on-chain transaction to move funds between two wallets. WHole meta mask wallet is used by most people for storing connects which connects to the decentralized exchanges. While coinbase don't support tokens or most of them so don't confuse these two wallets which are completely different types.
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May 15, 2021, 02:59:32 PM
 #6

If you were actively using dapps and metamask is the best choice but in my opinion, if metamask was also offering various advantages like you can connect to the various chain easily with the same address by changing RPC on your metamask wallet.

Coinbase wallet is a good wallet but metamask is far better than coinbase in terms to store your asset.

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May 15, 2021, 03:05:43 PM
 #7

It depends on your use. Most of the sites and dapps and dex accepts Metamask while there are only a few sites that exclusively supports coinbase. Though that is increasing. In my experience coinbase is easier to use and you can just import onto each other through private keys. So, mostly about what GUI you prefer most of the time.
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May 15, 2021, 04:19:46 PM
 #8

Coinbase is not too popular while most decentralised exchanges use MetaMask. Been using MetaMask for years aside from convenience I haven’t encountered problem using it. Good thing about MetaMask is you can use it in different chains like Ethereum, Binance smartchain, etc.

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May 15, 2021, 04:25:04 PM
 #9

mate coinbase and metamask are different works in crypto wallet. coinbase is centralized exchange or wallet and metamask decentralized wallet. it,s you depents if you have much secure fund and care about you,r fund. in metamask you have full access to restore wallet and save private key if pc and laptop has been broken. coinbase have some needed to ensure from the users to make some tasks after that you can perform wallet ans make transaction. but in decentralized you have full access to buy and sell token in few minutes and you have under control you,r wallet

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May 15, 2021, 04:33:39 PM
 #10

Coinbase is not too popular while most decentralised exchanges use MetaMask. Been using MetaMask for years aside from convenience I haven’t encountered problem using it. Good thing about MetaMask is you can use it in different chains like Ethereum, Binance smartchain, etc.

That is correct but please add that you need to do a few tweaks when you want to switch between the chains in order to access your tokens. You can find that by googling Metamask BSC.
Other than that Metamask is a decent choice. Always active development and bug fixing happening and works smoothly.
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May 15, 2021, 04:54:39 PM
 #11

But does Coinbase have no country restrictions, I remember I wanted to register and go through verification and could not, then I studied and there are a lot of countries that are prohibited. Definitely MetaMask.

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May 16, 2021, 03:44:48 PM
 #12

But does Coinbase have no country restrictions, I remember I wanted to register and go through verification and could not, then I studied and there are a lot of countries that are prohibited. Definitely MetaMask.

As to my knowledge Coinbase does have country restrictions, but I would use Metamask anyway. I think most services that work with decentralized wallets will also have Metamask integrated. It's a good choice that is used by many people and you'll get quick support in case you have questions.

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May 16, 2021, 05:31:04 PM
 #13

Coinbase wallet can connect to Coinbase.com.  But some website doesn't use Coinbase wallet.
You can connect coinbase wallet to coinbase.com still you need to make on-chain transaction to move funds between two wallets.
Jawhead999 said otherwise but I would like to read this myself. I was browsing their Help page but I couldn't find what I was looking for. Can you drop me a link where I can read this Coinbase policy.

It honestly doesn't make any sense if you still have to pay transaction fees between custodial platforms owned by the same company. Why even bother?
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May 16, 2021, 05:58:28 PM
 #14

If me, save BTC coinbase wallet with 2fa but honestly i don't know we can back up private key or not. But since use Blockchain wallet or Coinbase wallet, i only save username, password and 2fa. But for ERC20 Tokens usually i use Metamask or maybe Myetherwallet. I think both have their purpose to save different coin.

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wallet4bitcoin
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May 16, 2021, 06:02:26 PM
 #15

Coinbase Centralized Wallet. And only a few coins / tokens can be store here. Some websites allow you to connect Coinbase for payment. And Metamask allows us to store all tokens in supported networks. For example, ETH, BSC, HECO, etc. Metamask also allows connect wallet with decentralized exchanges and many websites.  However, you will not be able to use some of the popular coins in Metamask. Like BTC, LTC, DOT, ADA etc.


So, both have different uses and both are helpful.  Personally, my first priority is metamask.

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May 16, 2021, 06:18:41 PM
 #16

If coinbase provides their users with private keys, why not use their wallet? Though personally I wouldn't use it, because I don't trust exchanges... In my opinion Metamask is more convenient and reliable!

It doesn't matter if they provide the private keys. What matters is whether they hold the private keys which is bad in case of a security breach.

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May 16, 2021, 08:58:06 PM
 #17

Coinbase wallet isn't a good wallet for you to keep long term with your coins but if you're a trader and you want a fast and easy access to sell it quickly then use it but you don't own your private key.
Thus, in owning a meta mask wallet, you own the private key and you can connect with several dex if you want.

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May 17, 2021, 03:05:23 AM
 #18

I prefer to use that more decentralized wallet one, so for dekstop wallet i choosed metamask that currently support alot of different tokens from different chain like Ethereum, Binance smart chain, Avalanche, Matic and others. And for mobile wallet I prefer to use Trustwallet which support more different coins include Bitcoin & others high cap altcoin, and also tokens from different chain including Solana blockchain and its SPL/Solana Program Library Tokens.

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May 17, 2021, 03:29:00 AM
 #19

Coinbase is not good for you if you are not ready to do KYC. Metamask is better for your if you don't want to submit your identity documents. I don't judge because of that, Metamask can protect your privacy. At least you don't have to leak your identity document with Metamask or any third party company that works with Metamask.

The extension can trace your trading history and so on but it is another problem that is different than official KYC requirement.

 
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May 17, 2021, 03:36:34 AM
 #20

I prefer metamask, with coinbase you probably gonna encounter a lot of problem not to mention defis in general uses metamask to connect to your wallet you basically get shit ton of features compared to using coinbase which tbh only good for sending money and nothing more.
though with coinbase you can also get a lot of features as well that gets offered from coinbase itself such as coinbase vault or even insuring of your money so it's definitely up to you to choose which one suits you more since you don't mention the specific of your usage.

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