- Coinbase Wallet is a decentralized wallet to control cryptocurrencies.
- Atomic Wallet is also a decentralized blockchain-based wallet.
- Both have equal advantages and unique features.
Coinbase Wallet and Atomic Wallet are two cryptocurrency-storing platforms that are decentralized and based on blockchain technology. They both are better and more user-friendly and offer different features and protections to users related to sensitive data.
What Is Coinbase Wallet?
It is a self-custody wallet that gives you complete control over your cryptocurrency. It means that the private keys for your wallet, which represent ownership of the cryptocurrency, are stored directly on your mobile device.
What Is an Atomic Wallet?
It is an interface that gives access to funds on the blockchain. Important information, such as backup phrases and private keys, is stored locally on the device and strongly encrypted. The wallets and all other operations within them are protected by a password.
Better and User-Friendly
Coinbase Wallet, also known as the Coinbase app, is a decentralized platform. Coinbase itself is a centralized crypto exchange but the wallet itself is not centralized despite being branded with the same name. The standout feature of Coinbase Wallet is that it has a user-friendly interface that is designed to provide a seamless experience for both novice and experienced users in the crypto space. It ensures that cryptocurrency newcomers can quickly navigate through different sections within the wallet.
Crypto security is a paramount aspect of the Coinbase Wallet. Users are eligible for reimbursement up to a certain limit if an unexpected event happens due to the provision of insurance coverage for digital assets held in the crypto wallet. One notable feature is staking, which allows individuals to earn rewards by holding specific cryptocurrencies in their wallets.
Atomic is decentralized, unlike centralized exchanges like Coinbase or Binance. It aligns with the core principles of cryptocurrencies, which are decentralization and financial sovereignty. There is a need for an email and nickname to use Atomic Wallet. Atomic Wallet plugs into a number of third parties.
The user has to go through the KYC process if he/she wants to buy or exchange crypto using Atomic Wallet. By leveraging the atomic swaps within Atomic Wallet’s user-friendly interface, the user can easily exchange one blockchain currency for another without the complex processes or high fees associated with traditional exchanges. The following features of Atomic Wallet are benefits are;
- Its ability to stake
- It provides access to customer support.
- The user is able to see the same information by logging into the wallet and app.
- There is an option to trade a wide variety of crypto coins and tokens via a swap feature that is simple to use.
- They do not track your information, as the vulnerabilities can be exploited by hackers.
- Atomic Wallet supports both credit card and debit card payments. It has partnered with a company called Simplex that allows the purchase of cryptocurrencies using fiat.
Conclusion
It is very difficult to differentiate between Coinbase and Atomic Wallets on the basis of a more user-friendly platform. Both are very robust and offer security measures to protect the crypto funds. They provide users with advanced cryptographic features that guarantee peace of mind. Encryption is a notable feature that safeguards sensitive information within the wallet from unauthorized access.
