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80% of the community
prefer Coinbase Wallet

Coinbase Wallet vs SafePal

General

Description

Coinbase Wallet Logo
Coinbase Wallet

The Coinbase Wallet is the official wallet of the crypto exchange Coinbase and is one of the leading apps for storing and trading cryptocurrencies. This popular wallet is highly intuitive to use and offers many additional features, such as a convenient browser extension for accessing Web3 applications.

Coinbase Wallet review
SafePal Logo
SafePal

The SafePal S1 is a hardware wallet for cryptocurrencies. Unlike other manufacturers, it does not connect physically to another device (e.g., via USB) but instead pairs by scanning a QR code generated on the wallet itself. The company received investment from the crypto exchange Binance in 2018.

SafePal review
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Pros and cons

Coinbase Wallet Logo
Coinbase Wallet

What we like:

  • Easy to use
  • Great for beginners
  • Buy & sell crypto
  • Free
  • Open source
  • No hardware

What we don't like:

  • No physical protection
  • Poor customer support
  • No desktop app
SafePal Logo
SafePal

What we like:

  • Physical buttons, smartphone
  • Easy to use
  • Buy & sell crypto

What we don't like:

  • Poor customer support
  • No desktop app
  • Not open source
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Preview

Product images

Coinbase Wallet Logo
Coinbase Wallet
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SafePal Logo
SafePal
Product image
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Details

Details
Coinbase WalletSafePal
Wallet type
Software
Hardware
Price
Free
$49
Supported assets
100,000+
30,000+
Private key owner
You (Non-Custodial)
You (Non-Custodial)

Our review

Our review
Coinbase WalletSafePal
Our rating
Coinbase Wallet
SafePal

Individual ratings

Coinbase Wallet
SafePal

What we think

Coinbase Wallet Logo
Coinbase Wallet
For users already using Coinbase as an exchange, the Coinbase Wallet is certainly a great option, as the app can be linked to the exchange account if desired. Even for users of other exchanges, Coinbase Wallet is a very good solution, especially for beginners. The app is intuitive, clear, and well-designed. Coinbase also offers a browser extension that provides easy access to Web3 applications. On the downside, customer support is sporadic—similar to the Coinbase exchange—which often leads to frustration among some users. Nevertheless, we recommend the Coinbase software wallet, particularly for beginners.
Coinbase Wallet review
SafePal Logo
SafePal
We consider the SafePal S1 to be a very cleverly designed hardware wallet. The device generates a unique QR code on its built-in screen, which can then be scanned by a smartphone using the accompanying software. According to the manufacturer, this offers a security advantage because, unlike other wallets, SafePal never physically connects to another device. We also really like the combination of tactile controls and a color display. SafePal definitely does things differently than its competitors and is a genuine alternative in this category. However, since trust, transparency, and open source are important criteria for us, we would lean towards the better-known competing products. For those who don’t prioritize these points, the SafePal S1 is a great choice—an excellent, high-quality wallet that scores well thanks to its affordable price and many comfort and security features.
SafePal review
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User reviews

User reviews
Coinbase WalletSafePal
Overall rating
4.1/5
4.1/5
App Store
4.3/5

around 4,600 ratings

4.7/5

around 1,000 ratings

Google Play Store
3.9/5

around 133,800 ratings

4.5/5

around 140,600 ratings

Trustpilot
–

3.0/5

around 400 ratings

What users say

AI summary
Coinbase Wallet Logo
Coinbase Wallet
  • Assets vanish after update
  • Full self-custody control
  • Seamless onchain trading on Base
  • Earn yield on USDC right in the wallet
  • Secure in-app chatting with crypto transfers
  • Transaction errors due to network issues
SafePal Logo
SafePal
  • Data Breach Leads to Targeted Phishing Attacks
  • Withdrawals Frequently Fail or Get Delayed
  • Transaction Fees Notably Higher than Alternatives
  • App Impresses with Intuitive User Experience
  • Seamless App and Hardware Integration
  • Solid Value for Money on Hardware
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Features

Features
Coinbase WalletSafePal
Platforms
  • IOS AppYes
  • Android AppYes
  • Desktop AppNo
  • IOS AppYes
  • Android AppYes
  • Desktop AppNo
Buy & sell
Yes
Yes
Staking
Yes
Yes
Two-factor authentication
Yes
Yes
Multi-signature
No
No
Open source
Yes
No
Backup
Recovery seed (12 words)
Recovery seed (24 words)
Special features
  • Browser extension
  • Lending (earn interest)
  • Cloud backup (optional)
  • DApp browser
  • SafePal app
  • SafePal Earn
  • QR code (air-gapped signing)
  • Self-destruct feature
  • Hidden wallet (plausible deniability)

Hardware

Hardware
Coinbase WalletSafePal
Screen
–
240 x 240 pixels
Connectivity
–
QR code
Handling
–
Physical buttons, smartphone
Build quality
–
Medium
Secure elements
–
CC EAL5+
FIDO2 / U2F support
–
No
Certification
––
Dimensions
–
86 mm x 54mm x 6mm
Weight
–
124 g

Company

Company
Coinbase WalletSafePal
Company
Coinbase, Inc.
SAFEPAL LTD.
Headquarters
USA
Seychelles
Company size
Large (500+ employees)
Small (Under 100 employees)
Founder
Brian Armstrong, Fred Ehrsam
Veronica Wong
Founding year
2012
2018
Social media
1.55M followers
707,488 followers