What are the supported cryptocurrencies on Coinbase Wallet?

Supported Cryptocurrencies on Coinbase Wallet

Coinbase Wallet supports a wide range of cryptocurrencies, enabling users to store, send, and receive digital assets securely. The wallet operates independently from the main Coinbase exchange, giving users full control over their private keys. This decentralized approach allows for broader compatibility across multiple blockchain networks.

1. Bitcoin (BTC) is one of the primary cryptocurrencies supported, offering seamless integration for transactions and storage.

2. Ethereum (ETH) is fully integrated, allowing users to interact with decentralized applications and manage ERC-20 tokens.

3. Litecoin (LTC) is available for transfers and holdings, providing fast and low-cost transaction capabilities.

4. Bitcoin Cash (BCH) is also supported, maintaining compatibility with its unique address format and network rules.

5. Ripple (XRP) can be stored and managed directly within the wallet interface, though transfer functionality may vary by region.

Token Support Across Multiple Blockchains

The wallet extends beyond major coins to include thousands of tokens built on various smart contract platforms. Its multi-chain architecture enables interaction with assets issued on different networks, particularly those compatible with wallet standards like ERC-20, BEP-20, and SPL.

1. ERC-20 tokens on the Ethereum network are widely supported, including popular assets such as Uniswap (UNI), Aave (AAVE), and Chainlink (LINK).

2. Tokens on the Binance Smart Chain (BSC), such as PancakeSwap (CAKE), are accessible when users configure the network manually or through dApp integrations.

3. Solana-based SPL tokens, including Serum (SRM) and Raydium (RAY), are supported due to recent updates enhancing cross-chain functionality.

4. Polygon (MATIC) and its ecosystem tokens are integrated, allowing gas-efficient transactions and participation in Layer 2 protocols.

5. Arbitrum and Optimism tokens can be managed by adding custom networks, supporting emerging DeFi projects on Ethereum rollups.

Emerging and Niche Digital Assets

Coinbase Wallet continues to expand its asset list in response to market demand and technological developments. Users can add tokens not listed by default through contract address input, making it possible to hold experimental or newly launched cryptocurrencies.

1. Dogecoin (DOGE) is supported, reflecting its sustained popularity and use in peer-to-peer transactions.

2. Stellar Lumens (XLM) enable fast cross-border payments and are natively integrated into the wallet’s interface.

3. Algorand (ALGO) tokens are supported, allowing staking and participation in governance activities.

4. Cosmos (ATOM) and related IBC-enabled tokens can be accessed through connected dApps and external integrations.

5. Filecoin (FIL) and other Web3 infrastructure tokens are increasingly utilized within the wallet for decentralized storage services.

Frequently Asked Questions

Can I store NFTs in Coinbase Wallet?Yes, Coinbase Wallet supports non-fungible tokens (NFTs) on blockchains like Ethereum, Polygon, and Solana. Users can view, send, and interact with their NFTs directly in the app.

Does Coinbase Wallet support stablecoins?Yes, major stablecoins such as USD Coin (USDC), DAI, and Tether (USDT) are fully supported across multiple networks including Ethereum, Solana, and Polygon.

How do I add a custom token that isn’t listed?Navigate to the wallet’s settings, select “Tokens,” then choose “Add Token.” Enter the token’s contract address, name, and symbol to manually include it in your balance display.

Is there a fee to send cryptocurrencies from Coinbase Wallet?Transaction fees depend on the network being used. For example, Ethereum transactions require gas fees paid in ETH, while Bitcoin transfers incur BTC network fees based on congestion levels.