Wallet Decentralized Exchange (DEX) Integration
Coinbase Wallet’s decentralized exchange (DEX) integration is a conversion feature within Coinbase Wallet. With Wallet DEX, you can quickly convert the crypto held in your Coinbase Wallet through decentralized exchanges otherwise known as DEXes.
DEXes are protocols running on the Ethereum blockchain that easily convert over 500 ERC-20 tokens. When you use this feature, you send your funds directly from your self-custodied Wallet to a DEX service like Uniswap or 1inch.exchange without using a centralized exchange like Coinbase.com or Binance. This feature is available to all Coinbase Wallet users.
Since conversions take place on a third party decentralized exchange, it is possible for the price to fluctuate. Conversions will execute at a price within 2% of the estimate, or the transaction will be cancelled and the balance returned.
Keep in mind that Wallet DEX only supports ERC-20 assets.
DEX does not support:
Non-ERC-20 transactions (for example, Bitcoin, Bitcoin Cash, XRP etc.)
Direct bank account transactions
What are the conversion fees?
Coinbase Wallet currently charges a flat fee of 0.50% on all conversions. Conversion fees help us maintain and improve the Coinbase Wallet experience.
Why does Coinbase Wallet charge a conversion fee?
The fees help Coinbase Wallet maintain and improve your experience
How do I access DEX in the Wallet app?
To use the conversion feature in your Wallet app, first sign into Coinbase Wallet from your mobile device. It is not possible to access Coinbase Wallet through a desktop computer.
On Coinbase Wallet, tap Buy, transfer or convert in the Coins tab
Tap Convert crypto
Enter the currency you would like to convert from, the currency you would like to convert to, and the amount in fiat or crypto.
Verify your biometric (Face ID/fingerprint) or PIN and tap Confirm
How do I access my conversion history?
You can find your conversion history through Coinbase Wallet history for each of the currencies involved in the conversion.
To access your conversion history:
Tap on the desired crypto in the Wallet file, under Coins.
You can tap on the transaction to view the details.
Tapping on the bottom link will take you to the crypto’s site for further information
Please note that Coinbase Wallet transaction histories are not currently exportable.
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