Compare Wallet Features
In this comparison, we’ll take a detailed look at Coinbase Wallet and Crypto.com Onchain—two popular non-custodial wallets.
We’ll examine their features side-by-side across several key categories to help you decide which is best suited for your crypto needs.
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Ease of Use, Accessibility & Supported Cryptocurrencies
Coinbase Wallet is known for its simplicity, offering a user-friendly interface.
It supports Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and thousands of ERC-20 tokens. It’s available as a mobile app and browser extension, with easy integration into the Coinbase exchange.
However, users may find that gas fees on Ethereum can be high due to network congestion.
Crypto.com Onchain also boasts an easy-to-use interface, with access through both a mobile app and browser extension. It supports +1,000 cryptocurrencies across 28 blockchains, including Bitcoin, Ethereum, and Solana.
Its wide blockchain support and cross-chain swapping capabilities provide greater flexibility for users.
While Coinbase Wallet offers a simpler setup and easy integration with Coinbase, Crypto.com Onchain excels with broader support for cryptocurrencies and blockchain, making it more versatile for a wider range of users.
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Buy/Sell Cryptocurrencies
Coinbase Wallet allows users to buy cryptocurrencies directly through the app, using credit cards, debit cards, or bank transfers.
However, the purchase process involves third-party services like MoonPay, which means you’ll likely incur additional fees.
Crypto.com Onchain doesn’t support direct crypto purchases. Users must first buy crypto on the Crypto.com App Wallet, then transfer it to the Onchain wallet.
Though this adds an extra step, the wallet’s integration with the broader Crypto.com ecosystem allows for easy access to other services like staking.
Overall, for those who want a straightforward way to buy and manage crypto, Coinbase Wallet wins.
Crypto.com Onchain requires an additional step for buying, but its integration within the Crypto.com ecosystem is ideal for users already using their app.
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Swap/Exchange Cryptocurrencies
Coinbase Wallet offers a simple swap feature within the app, allowing users to exchange one cryptocurrency for another.
The swaps incur a 1% service fee plus network fees. It doesn’t have its own exchange platform, so transactions rely on external networks.
Crypto.com Onchain uses the 1inch decentralized exchange (DEX) for token swaps. The service charges a 0.3% fee for swaps using 1inch, but offers free swaps through other supported protocols.
It allows cross-chain swapping across a variety of networks, providing more flexibility.
Overall, Crypto.com Onchain offers more versatility for cross-chain swaps, while Coinbase Wallet is easier to use for simple token exchanges but with higher fees for more complex transactions.
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Staking Integration
Coinbase Wallet allows users to stake cryptocurrencies directly through decentralized finance (DeFi) apps like Aave and Lido. It supports staking for Ethereum (ETH) and other Proof-of-Stake tokens.
However, staking is self-managed, meaning users need to research and choose their staking options.
Crypto.com Onchain offers more seamless staking integration, particularly within its ecosystem, making it a better choice for users seeking a simpler staking experience.
Crypto.com Onchain offers staking directly within the app for assets like Ethereum (ETH), CRO, Polkadot (DOT), and Cardano (ADA). The wallet integrates with Crypto.com’s DeFi ecosystem.
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Security and Privacy Features
Coinbase Wallet encrypts private keys on users’ devices and uses a 12-word recovery phrase for wallet recovery. It offers biometric authentication (Face ID or fingerprint) for added security.
However, it lacks multi-signature support and two-factor authentication (2FA), which are available in some other wallets.
Crypto.com Onchain offers a high level of security with biometric login, two-factor authentication (2FA), and encrypted key storage. However, like Coinbase Wallet, it lacks multi-signature support, meaning the user is fully responsible for protecting their keys.
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NFT Support and DeFi Integration
Crypto.com Onchain offers more robust DeFi integration within its ecosystem, while Coinbase Wallet provides easy access to NFTs but lacks the broader DeFi tools Crypto.com supports.
Crypto.com Onchain supports Ethereum and Polygon-based NFTs, enabling users to manage and trade them via platforms like OpenSea.
The wallet also integrates deeply with the Crypto.com ecosystem, offering access to DeFi protocols for staking, lending, and yield farming on Aave and Compound.
Coinbase Wallet supports Ethereum-based NFTs, allowing users to buy, sell, and store NFTs directly within the app. It seamlessly integrates with NFT marketplaces like OpenSea.
Additionally, it provides access to various DeFi apps, such as Aave and Compound, for staking, lending, and liquidity provision.
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Backup, Recovery, and Multi-Signature Support
Coinbase Wallet generates a 12-word recovery phrase for backup, which is essential for recovering your wallet in case your device is lost. It doesn’t offer multi-signature support, meaning only the user has control over the wallet.
The recovery process relies entirely on this phrase, making it crucial for users to store it securely offline.
Crypto.com Onchain also uses a recovery phrase for backup, with users fully responsible for safeguarding it. It offers encrypted private key storage and integrates with hardware wallets like Ledger for enhanced security.
However, it doesn’t support multi-signature features, placing the full responsibility for recovery on the wallet holder.
Which Investors May Prefer Coinbase Wallet?
Coinbase Wallet is ideal for beginner to intermediate investors who seek simplicity, security, and easy integration with the Coinbase exchange.
Beginner-Friendly: Its straightforward interface makes it perfect for newcomers to cryptocurrency.
Integration with Coinbase Exchange: Seamless transfers between Coinbase Wallet and Coinbase exchange for users already in the Coinbase ecosystem.
Easy Access to DeFi and NFTs: A simple gateway to decentralized apps (dApps) and Ethereum-based NFTs.
Lower Commitment: Users can start using it without a Coinbase exchange account, offering flexibility.
Which Investors May Prefer Crypto.com Onchain Wallet?
Crypto.com Onchain Wallet appeals to experienced investors who want full control over their crypto assets and access to a wide range of DeFi and staking features.
Diverse Asset Support: Supports over 1,000 cryptocurrencies across 28 blockchains, giving users flexibility.
Seamless Crypto.com Ecosystem Integration: Works flawlessly with the Crypto.com app for staking and DeFi services.
DeFi Integration: Offers easy access to platforms like Aave, Compound, and liquidity farming for more advanced investors.
Higher Security: The wallet supports biometric login, 2FA, and hardware wallet integration for added protection.
Bottom Line
Coinbase Wallet excels in ease of use and seamless integration with the Coinbase exchange, making it an ideal option for beginners or users looking for simple access to DeFi and NFTs.
On the other hand, Crypto.com Onchain Wallet stands out with its broader cryptocurrency and blockchain support, deeper DeFi integration, and enhanced security features, making it perfect for advanced users who value control and flexibility in their crypto assets.
