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While Coinbase Wallet provides default support for a number of networks beyond Ethereum, such as Avalanche and Polygon, users can also transact on additional blockchain networks by adding them as custom networks. By adding custom networks to your Coinbase Wallet, you are able to take advantage of a wider range of web3’s offerings by increasing the number of dapps and ecosystems you are able to interact with.

How we review crypto wallets

NerdWallet’s comprehensive review process evaluates and ranks products that allow U.S. customers to store, send and receive cryptocurrency. Our aim is to provide our independent assessment of providers to help arm you with information to make sound, informed judgments on which ones will best meet your needs. We adhere to strict guidelines for editorial integrity.

We conduct firsthand testing and observation, and the results fuel our proprietary assessment process that scores each provider’s performance across more than 15 factors. The final output produces star ratings from poor (1 star) to excellent (5 stars).

Other details you should know about Coinbase Wallet

Pricing: Coinbase Wallet is free to use, but it's important to understand network transaction fees in cryptocurrency and how they work when using any digital wallet.

Legal issues: Coinbase Wallet was part of a legal complaint against Coinbase by the U.S. Securities and Exchange Commission. The agency argues that some transactions carried out using the Wallet app involve unregistered securities, an allegation Coinbase denies. Though the legal woes do not immediately affect the functioning of the service, the uncertainty is something to keep in mind as you select a crypto storage option.