does coinbase wallet update price

Coinbase Wallet continuously monitors the cryptocurrency market from multiple exchanges to provide up-to-date prices for its users, supporting conversions to fiat currencies and offering historical data for analysis.

Nov 03, 2024 at 02:45 am

How Coinbase Wallet Updates Prices

Constant Data Monitoring:
Coinbase Wallet continuously monitors real-time market data from multiple cryptocurrency exchanges. This data includes price quotes, trading volume, and order book depth.
Price Calculations:
The wallet uses a formula to calculate the current price of each cryptocurrency. The formula typically involves taking a weighted average of price quotes from different exchanges, with higher-volume exchanges being given more weight.
Currency Conversion:
Coinbase Wallet also supports the conversion of cryptocurrencies into fiat currencies (e.g., USD, EUR). The wallet uses current exchange rates provided by third-party providers to determine the conversion rates.
Lock Feature:
To prevent rapid price fluctuations from affecting ongoing transactions, Coinbase Wallet implements a lock feature. When a transaction is initiated, the wallet locks in the asset price at the time of initiation. This ensures that the transaction is executed at the agreed-upon price, regardless of any subsequent price changes.
Historical Price Data:
In addition to real-time prices, Coinbase Wallet also stores historical price data for various cryptocurrencies. This data can be accessed by users to analyze market trends and make informed investment decisions.
Updates and Adjustments:
The Coinbase Wallet team regularly reviews and adjusts the pricing mechanisms to ensure accuracy and reliability. Updates may include changes to the data sources, calculation methods, or lock feature parameters.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

RAIN

$0.007852

113.00%

Trade Now
PIPPIN

$0.06097

51.96%

Trade Now
PARTI

$0.1396

42.04%

Trade Now
WAVES

$0.9141

41.69%

Trade Now
ARC

$0.04302

35.73%

Trade Now
HONEY

$0.01029

21.80%

Trade Now

Latest Crypto News

Bitcoin Under Pressure: Galaxy Analyst Eyes $58K Amidst ETF Outflows and Weakening Debasement Narrative
2026-02-03 19:00:02
Crypto Market Stabilizes as Bitcoin Rebounds; Key Factors Driving the Recovery
2026-02-03 19:10:02
ETH Rebound Ignites L3 Architecture Race: Liquid Chain Eyes the Fragmentation Fix
2026-02-03 19:10:02
Down Under's Digital Shift: Australian Corporate Treasuries Eye Bitcoin Amidst Global Crypto Waves
2026-02-03 19:20:01
Navigating Inflation: Real Assets and Evolving Investment Strategies in Today's Economy
2026-02-03 19:20:01
BlockDAG's $452M Presale Nears End: The $0.0005 Upside Entry Opportunity for 2026
2026-02-03 15:40:02

Related knowledge

How to generate a new receiving address for Bitcoin privacy?

Jan 28,2026 at 01:00pm

Understanding Bitcoin Address Reuse Risks1. Reusing the same Bitcoin address across multiple transactions exposes transaction history to public blockc...

How to view transaction history on Etherscan via wallet link?

Jan 29,2026 at 02:40am

Accessing Wallet Transaction History1. Navigate to the official Etherscan website using a secure and updated web browser. 2. Locate the search bar pos...

How to restore a Trezor wallet on a new device?

Jan 28,2026 at 06:19am

Understanding the Recovery Process1. Trezor devices rely on a 12- or 24-word recovery seed generated during initial setup. This seed is the sole crypt...

How to delegate Tezos (XTZ) staking in Temple Wallet?

Jan 28,2026 at 11:00am

Accessing the Staking Interface1. Open the Temple Wallet browser extension or mobile application and ensure your wallet is unlocked. 2. Navigate to th...

How to set up a recurring buy on a non-custodial wallet?

Jan 28,2026 at 03:19pm

Understanding Non-Custodial Wallet Limitations1. Non-custodial wallets do not store private keys on centralized servers, meaning users retain full con...

How to protect your wallet from clipboard hijacking malware?

Jan 27,2026 at 10:39pm

Understanding Clipboard Hijacking in Cryptocurrency Wallets1. Clipboard hijacking malware monitors the system clipboard for cryptocurrency wallet addr...