Elbaite AU

Use Elbaite to buy and sell crypto directly to and from your Coinbase Wallet with low fees, fast execution, and real human support.

About Coinbase Wallet

Coinbase Wallet is a secure, self-custodial cryptocurrency wallet developed by Coinbase, one of the world's largest crypto companies. It is important to distinguish it from the main Coinbase exchange application: while the main app is custodial (meaning Coinbase holds your funds), Coinbase Wallet is strictly non-custodial. This means your private keys are stored directly on your device, giving you complete, uncensorable control over your digital assets, decentralized applications (DApps), and NFTs. It is available as a widely used mobile app and a browser extension.

Because Elbaite operates on a secure peer-to-peer, wallet-to-wallet model, you never need to link your Coinbase Wallet directly to a centralized exchange order book. You simply purchase crypto on Elbaite and have it sent straight to your Coinbase Wallet address, or send funds directly from your wallet to a buyer when you are ready to sell. This guarantees you maintain 100% control of your private keys throughout the entire process.

History and Background

Coinbase Wallet originally launched in 2017 under the name "Toshi." It was initially designed as a secure mobile browser for the Ethereum network, featuring a built-in messenger and wallet to help users interact with early decentralized apps. In August 2018, Coinbase rebranded Toshi to "Coinbase Wallet" to better align with its broader ecosystem and aggressively expanded its capabilities beyond just Ethereum. In recent years, the wallet has heavily integrated with "Base," Coinbase's own highly successful Layer 2 network. Furthermore, the development team has pioneered the transition toward "Smart Wallets," introducing features like passkeys to allow users to create and manage wallets using biometric data (like FaceID) without needing to write down a 12-word seed phrase.

What is Coinbase Wallet Used For?

Coinbase Wallet serves as a comprehensive, user-friendly portal to the broader Web3 universe, designed to make self-custody accessible to the masses.

Web3 and DApp Browsing: The wallet features a built-in browser (on mobile) and deep extension integrations (on desktop) allowing users to easily connect to decentralized exchanges (DEXs), lending protocols, and blockchain games.
NFT Management: It offers a highly visual, integrated gallery to view, manage, and transfer non-fungible tokens (NFTs) across multiple blockchains.
Smart Wallet Features: With its newer smart account architecture, users can opt to secure their wallets via device passkeys and biometrics, effectively eliminating the risk of losing a recovery phrase while abstracting away complex network fees.
Ecosystem Synergy: While it remains independent from the Coinbase exchange, users who do have a centralized Coinbase account can easily link the two for seamless, low-friction transfers between their exchange portfolio and their self-custody wallet.

Supported Assets and Networks

Coinbase Wallet is a true multi-chain platform, supporting millions of assets across the most popular blockchain networks.

Major Blockchains: Broad native support for Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Dogecoin (DOGE), and Litecoin (LTC).
Layer 2 Networks: Deep integration with major EVM-compatible scaling solutions, including Base, Arbitrum, Optimism, Polygon, and Avalanche.
Tokens and Stablecoins: Comprehensive support for all ERC-20, SPL, and custom network tokens, ensuring users can hold and manage major stablecoins like USDC (which Coinbase heavily champions) natively across multiple networks.

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