On May5, 2024, Coinbase launches Smart Wallet.

Coinbase Smart Wallet is a self-custodial wallet with multi-chain support and integration with major applications.

This innovative wallet wants make onboarding to the blockchain as effortless as signing into your favorite website.

It simplifies the on-chain experience by eliminating network fees and recovery phrases, providing users with a seamless, gasless transaction experience.

Key features of the Coinbase Smart Wallet

Effortless Onboarding: Users can create a new wallet quickly without the need for recovery phrases, apps, or extensions.

Biometric Passkeys: Enhanced security with options like Face ID, fingerprint, or Yubikey.

Gasless Transactions: Developers can offer gasless experiences and sponsor transactions for their customers via paymaster integrations. 

Cross-App Portability: Pay with either your self-custodial wallet balance or your Coinbase account balances.

Multi-Chain Support: Initially supports eight networks including Base, Ethereum, Optimism, Arbitrum, Polygon, Avalanche, BNB, and Zora, with more to be added.

Coinbase aims to bring over a billion users onchain with this smart wallet, addressing common pain points and making the transition to blockchain smoother than ever.

For existing Coinbase Wallet users, migration tools will be developed for a smooth transition to the smart wallet in the coming months.

The Power of Smart Wallets: An Exclusive Early Preview