Coinbase vs Coinomi | Coinbase Wins & It's Not Even Close
Jack Moreau
Apr 2024
8 min read
Fact checked
Looking for the best wallet to store your cryptocurrency and ensure it’s secure and accessible? We’ve done the research so you don’t have to, comparing Coinbase Wallet vs Coinomi Wallet across a range of metrics including user experience, supported platforms, and number of cryptocurrencies. Read on to learn which wallet is right for you!
Coinbase Wallet and Coinomi Wallet are two of the most popular cryptocurrency wallets available. Coinbase was founded in 2018 and is headquartered in San Fransisco, with over 500 employees.
Coinbase wallet
The wallet has more than 5 million users, and over 5 million downloads on the Google Play Store with a 4.0 rating. The wallet also offers a browser extension with over 1 million downloads and a 3-star rating.
Coinbase Wallet
Coinomi was founded in 2014 and is headquartered in Cyprus with over 20 employees. The wallet has more than 1 million users, and over 1 million downloads on the Google Play Store with a 4.7 rating.
Coinomi Wallet
However, Coinomi is not available as a browser extension. Both wallets are secure, reliable and offer a range of features that make them great options for cryptocurrency users.
Coinbase Wallet vs Coinomi Wallet: User Experience
Coinbase wallet has a clean and slick looking wallet for EVM-compatible blockchains and Solana that offers a non-custodial experience. It is supported by Google Chrome, Mozilla Firefox, Microsoft Edge, Brave, and Opera browsers. Unfortunately, Coinbase wallet is not available for desktop.
Coinbase Wallet USPs
On the other hand, Coinomi offers an outdated and stale design and user experience, but it is a non-custodial wallet. It is not available as a browser extension, but it is available for Windows, Linux, and macOS devices.
Coinomi Mobile & Desktop Support
Coinbase Wallet vs Coinomi Wallet: Product Features
Coinbase Wallet and Coinomi Wallet offer an array of features for users to securely store, buy and trade their crypto assets.
Coinbase Wallet supports in-app swaps connected to exchanges like 1inch and Matcha with a 1% fee on all wallet swaps. It also supports buying crypto with fiat via the simplex third-party integration.
Coinomi Wallet, on the other hand, allows for in-app swaps via Changelly and Shapeshift with fees of 0.25%-0.5%. It also offers users the ability to buy crypto with a card through the Simplex integration.
Coinomi buy crypto with Simplex
Both wallets are partly open source and support NFTs on multiple blockchains. However, Coinbase Wallet does not support staking, while Coinomi Wallet offers staking for a range of cryptocurrencies.
Coinbase Wallet vs Coinomi Wallet: Cryptocurrencies
Coinbase Wallet and Coinomi Wallet are both great choices for managing digital assets. Coinbase Wallet offers support for over 10,000 cryptocurrencies, including USDT and USDC on Ethereum, BNB Chain, Avalanche, Polygon, Solana and Optimism. It also supports Ledger hardware wallets.
Coinomi Wallet on the other hand offers support for over 1700 cryptocurrencies, including BUSD, Dai, GUSD, HUSD, USDP, USDS, SUSD, USDT, TUSD and USDC. It supports 125 blockchains such as Bitcoin, Ethereum, Monero, Tron, BNB, Polygon, Solana, Cosmos and many other.
Coinomi Wallet cryptocurrencies
Unlike Coinbase Wallet, the Coinomi Wallet does not offer any hardware wallet integration which means that Coinbase is better for those who need hardware wallet support.
Coinbase Wallet vs Coinomi Wallet: Security
Coinbase Wallet and Coinomi Wallet are two popular crypto wallets that both offer users non-custodial and secure ways to store their crypto assets.
Coinbase Wallet is partly open source and has a fully decentralized, crowdsourced security audit and bug bounty solution called WEFUZZ in place.
Meanwhile, Coinomi Wallet is also partly open source and has a Responsible Disclosure Program with bug bounties up to $2500.
Coinomi Wallet Security & Features
Coinbase Wallet and Coinomi Wallet both provide users with secure and non-custodial options for storing their crypto assets.
The Coinbase Wallet offering a unique crowdsourced security audit and bug bounty solution and Coinomi Wallet offering a Responsible Disclosure Program with bug bounties.
Coinbase Wallet vs Coinomi Wallet: Conclusion
In conclusion, both Coinbase Wallet and Coinomi Wallet have carved out significant spaces in the cryptocurrency wallet landscape with unique offerings.
Coinbase Wallet has quickly gained popularity with Its sleek and user-friendly interface supports EVM-compatible blockchains and Solana.
The wallet also provides browser extensions for a variety of platforms, although it lacks a desktop version.
Coinbase Wallet's strength lies in its in-app swaps feature facilitated by exchanges like 1inch and Matcha but with a high 1% fee.
It also supports a wide range of cryptocurrencies and integrates with Ledger hardware wallets, making it a versatile choice for users who prioritize a seamless user experience and hardware wallet support.
On the other hand, Coinomi Wallet a more traditional design and user experience. Despite its smaller team and user base, Coinomi Wallet supports an impressive range of over 1700 cryptocurrencies and 125 blockchains.
This makes Coinomi a more comprehensive choice for users who deal with a diverse portfolio of digital assets.
Its in-app swaps feature facilitated by Changelly and Shapeshift also comes with lower fees than Coinbase Wallet, ranging from 0.25% to 0.5%.
Additionally, Coinomi Wallet offers staking for a range of cryptocurrencies, a feature currently absent in Coinbase Wallet.
Jack is a crypto writer and reviewer who has been active in the space since he caught the crypto bug in 2017. With a passion for trying out new shiny things, Jack is always eager to try the latest cryptocurrency exchanges, wallets or DeFi applications.
