As many of you know I'm a big fan of Coinbase. Not for really storing my crypto as I believe in self custody and being in full control of your assets but because of various other things such as their stance against oppressive government and the simple ease of use in terms of getting other people that know nothing about crypto at least into it.

I know many people in crypto will say you have to have your own wallet and so forth and honestly I'm right there with you. The issue however is a VAST majority of people simply will not and want the convenience.

You can view the smart wallet here at [Coinbase Smart Wallet](

Smart Wallet

Coinbases new smart wallet builds on top of this offering up gasless transactions, cross-app portability and overall simplifying onboarding. The goal of this new smart wallet from Coinbase is to onboard the next 1 billion users to it's platform.

While this is geared for new users there will also be capabilities within Coinbase that will allow for migration of existing accounts to also use the smart wallets.

Now the idea here is that the wallet will be free and self-custody. (I'm not so sure on the self-custody part) The big plus here is the removal of fees which honestly still to this day bother me and make me end up not really using a blockchain. That's because in order to do something on that chain I have to buy their token and then essentially burn the token just to make a simple transaction. That transaction could be small in nature at times and often cost me just as much in gas fees as it does for what I was looking to transact which means I simply just never bother with the chain honestly.

Developers

A big part Coinbase is pushing for with this wallet is the removal of gas fees which is a huge plus in my opinion and is what holds myself and I believe many other people back from getting involved in crypto.

It does seem like Coinbases new smart wallet is targeting developers in a big way. This is done by highlighting the easy onboarding for their applications and the feeless system. This is the main push for Coinbase is to create a feeless system for users which might seem like maybe developers might need to pay for it.

In a way this reminds me of the Hive blockchain where developers need powered up hive to delegate to their userbase in order for them to be able to do transactions on the blockchain for free.

The way coinbase seems to be doing it however is via their layer 2 solution to Ethereum called Base in which they use roll ups to broadcast bulk transactions to Ethereum greatly reducing the costs.

What's Supported

The support seems to be mainly coming from developers and for them to sponsor transactions but also the wallet itself is going to support the initial wallets first of Base, Ethereum, Optimism, Arbitrum, Polygon, Avalanche, BNB and Zora.

The real test is going to be just how easy the wallet is to use. From what I can tell it looks like there's a waitlist to jump in on the wallet for now but my hopes are to get it in my hands soon and do a deeper review on it such as the "feeless" transactions, what that all really means and just how easy it is to use.

Posted Using InLeo Alpha