Wallet Logo

Coinbase Wallet Lite

Latest release: 0.5-alpha ( 17th July 2020 ) 🔍 Last analysed 17th August 2021 . A wallet but not for Bitcoin Not updated in a while
3.8 ★★★★★
378 ratings
100 thousand
16th April 2019

Jump to verdict 

Do your own research!

Try out searching for "lost bitcoins", "stole my money" or "scammers" together with the wallet's name, even if you think the wallet is generally trustworthy. For all the bigger wallets you will find accusations. Make sure you understand why they were made and if you are comfortable with the provider's reaction.

If you find something we should include, you can create an issue or edit this analysis yourself and create a merge request for your changes.

The Analysis 

This app is provided by the same developer as Coinbase: Buy Bitcoin & Ether , the provided website links to yet another app, Coinbase Wallet: NFTs & Crypto though. It’s a bit confusing.

Reading the description it turns out, this app is for ETH only.

Verdict Explained

The product is not for BTC.

As part of our Methodology, we ask:

Is it for bitcoins? If not, we tag it No BTC

At this point we only look into wallets that at least also support BTC.

But we also ask:

Was the product updated during the last year? If not, we tag it Stale!

Bitcoin wallets are complex products and Bitcoin is a new, advancing technolgy. Projects that don’t get updated in a year are probably not well maintained.

This verdict may not get applied if the provider is active and expresses good reasons for not updating the product.

The product cannot be independently verified. If the provider puts your funds at risk on purpose or by accident, you will probably not know about the issue before people start losing money. If the provider is more criminally inclined he might have collected all the backups of all the wallets, ready to be emptied at the press of a button. The product might have a formidable track record but out of distress or change in management turns out to be evil from some point on, with nobody outside ever knowing before it is too late.