Coinbase has launched Coinbase Smart Wallet, a new self-custodial wallet designed to make onchain onboarding feel similar to signing in to a standard web account, rather than installing extensions or managing seed phrases. Users can create a free wallet in seconds directly inside a dapp or via the Coinbase Wallet web interface using passkeys (e.g., Face ID, fingerprint, device-based keys, or browser profiles) instead of recovery phrases, removing one of the biggest usability and security hurdles for new users. The wallet is browser-based and does not require a separate app or extension to be installed. Smart Wallet is built around account abstraction (ERC‑4337) and is tightly integrated with the Coinbase ecosystem to enable gasless transactions, cross‑app portability, and direct spending from Coinbase balances. Developers can sponsor users’ gas via paymaster integrations so transactions can be “gasless” from the end user’s perspective, and the same wallet, identity, and balances can move seamlessly across thousands of EVM-compatible apps that use the Coinbase Wallet SDK. At launch, Smart Wallet supports multiple networks including Base, Ethereum, Optimism, Arbitrum, Polygon, Avalanche, BNB, and Zora, and aims to reduce friction for both newcomers and experienced users by enabling batched transactions, simplified signing, and the ability to spend funds directly from a linked Coinbase account without manual transfers.

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