Article comes out revealing how .eth names expose private data of thousands of Ethereum users. A week later, Coinbase adds and encourages their users to use .eth names. Coinbase in top form as usual! 👌🤦♂️ https://t.co/J02er0b2Fp
RT @udiWertheimer: For years western mainstream media (and cryptocurrency media) has been hating on WeChat payments and how they disregard user privacy.
Well, this app by Coinbase is 1000x worse. Where’s the uproar? https://t.co/zi7Hex3WIT
I love anything like this that makes cryptocurrency easier for new users! 😊🙌
Sadly, this Coinbase Wallet app (which is different than the normal Coinbase app) doesn’t really have the best user experience. In fact, it’s a pretty terrible experience that I would never recommend to anyone.
I sent some BCH to myself into this wallet app to test it out, and it took about 6 minutes before my successful transaction even APPEARED in this wallet. The transaction was still at 0-conf when it appeared 6 minutes later, so it’s not like the wallet app was waiting for 1-conf or anything like that. There was just a very, very long delay for this app to recognize that a transaction was completed. I tried refreshing the app and quitting & relaunching the app... but I still had to wait about 6 minutes for my received transaction to appear. This experience could be very unnerving for many users, because it could make them feel like their transaction got lost and their funds got lost.
Also, this wallet app only “recommends” BTC or Ethereum — but not BCH — in their list of “recommended crypto currencies”. So that’s another major fail.
Although it does send & receive BCH. If you wait long enough for the transaction to show up.
This wallet app from Coinbase makes me appreciate the stellar bitcoin.com wallet even more than I already did! Those guys at bitcoin.com really did an amazing job on their wallet app. Best of breed.
I’ve tried out the coinbase wallet and had the same issue. Constantly waiting. Looks nice but doesn’t feel like money. Electron while a desktop app mostly with lots of features and privacy is great for hardcore users. The bitcoin.com wallet is the fastest and most cash like experience for wallets I’ve tried.
Let’s hope coinbase can learn from that.
“Doesn’t feel like money.” This is such a fantastic point!!
Even Venmo and PayPal are instantaneous. When you’re sitting around waiting for 6 minutes, that defeats the whole experience of what makes this technology so special.
The Electron Cash wallet for iOS is great, too! But like you said, it’s mostly for advanced users.
Thanks! I wonder how they link the internal username system to a specific wallet, if it’s supposed to be a **non-custodial** wallet?? How can they link a username to the set of seed words which comprise the wallet’s addresses? Or maybe it’s a semi-custodial wallet.
The Coinbase Wallet app is Coinbase’s user-controlled cryptocurrency wallet. With Coinbase.com, you can buy crypto and Coinbase stores it (along with your private keys) for you; with Coinbase Wallet, you store your own crypto (safeguarded by a private key that only you know).
ENS is also multi-coin. Most ENS .ETH names cost just $5 a year and can be paid ahead (making them a one time fee), or you can get subdomains for free, or you can use a .XYZ name for free. The biggest difference is ENS names have many more features, are integrated into an order of magnitude more wallets and dapps (ENS = ~110, UD = ~15), ENS views itself as basic Internet infrastructure and has been open source and run by a non-profit since the beginning (UD is a for-profit copy cat).
Ah, that would have to be paid for by you.
This article isn’t saying that the Coinbase wallet is creating an ENS domain for you, it’s just saying that you can finally send money to people by sending it to their ENS name instead of being forced to use their public address.
I haven’t. Have you tried both wallets? I’d be interested to hear comparisons.
Or, do you have a ‘golden token’ I could use? Never bothered asking anyone for that yet, but figured I’d ask now since we’re on the topic - I’m still on the ‘waitlist’.
I actually use both, and meta mask on mobile.
Coinbase wallet has the advantage of support more currencies and has a web3 browser. The wallet it self opens much faster than metamask in my phone. Metamask in my phone is very slow when opening, also doesn't work well with the fingerprint and I usually have to use the fingerprint and the password to unlock.
The main problem with coinbase is that you can't adjust gas price. So when I want to actually do something,I browse in coinbase wallet, copy the url, paste it in metamask and execute in metamask with the gas price I want.
Argent is cool because you don't pay gas for the transactions and for stacking in the wallet, the guardians for backup and gives you an ens name but it has not web3 browser and some people prefer a seed for backup instead of the guardians. I am not very sure what is more secure.
Also it requires more gas for incoming transactions.
CB Wallet actually has a Web3 Browser that I use for Dapps all the time. Only use Fulcrum (rip to me with a long stuck open on there), Kyber, Bancor, Zaps, Uniswap, and Degen betting.
I will say, that sign up process was smoooth, real nice UI, if the app is always like that then Argent is gonna have 1 more DAU :)
[And thanks for the quick PM!!](https://i.imgur.com/KodQD8X.jpg) - you da man. Lookin forward to trying this out.
Not a fan, had to reset my Face ID because it stopped working and it wiped my private key, thankfully only had a few hundred dollars on it, but still hurt. Also their support was terrible and took 4 months to respond
I was on vacation at the time planning on backing up when I got home, had no idea resetting my Face ID would wipe my private key. Not saying I’m 100% fault free, but it’s just bad UX to not have a passcode alternative or to warn people that setting up bio security can screw you out of your private key