We suggest using the wallets listed or doing research before buying or downloading any wallet. As with any unit of value, there is always someone, somewhere that seeks to extract this value for their own ends, whether it be through coercion, social manipulation or brute force. In the next screen, select «Create New Wallet», then continue. Coinbase is an exchange and should not be used as a wallet. Coinbase allows you to send all your bitcoins to your local Electrum wallet. Note: MyEtherWallet was recently the target of an elaborate hack.