Coinbase user loses access to cryptocurrency...Web3 wallet closes

Coinbase officially closed its Web3 wallet on July 7, 2025, leaving users unable to access Ethereum and Web3-based assets, including NFTs and tokens. This unmanaged wallet managed by Coinbase does not provide the user with a private key, resulting in permanent losses to users who do not migrate assets by the deadline. User complaints highlight issues of confusing wallet types and lack of support, highlighting a wide range of issues in cryptocurrency user experience and custodial education.