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Coinbase’s self-custody wallet first arrived as a mobile app in 2017. Since then, crypto has evolved into a rapidly-expanding app platform that spans multiple chains. About 2 months ago they introduce the next chapter for Coinbase Wallet with an entirely redesigned mobile app, built from the ground up to be intuitive, user-friendly, and purpose-built for the multichain world of web3.
The Coinbase app is the company's product for individuals looking to buy or sell cryptocurrencies, also available at Coinbase.com It is an easy, secure, regulated on-ramp to crypto using US dollars or other local fiat currencies. You can safely store crypto on Coinbase so you don’t have to worry about managing your own private keys. Coinbase.com and the mobile apps are available in more than 100 countries.
First you need to go on this site for sign up Coinbase.com
After you fill out all the information required, you now should be see now your Coinbase dashboard
For us to get the full benefit of using Coinbase Wallet features, We also need to Download the Mobile Wallet app for iOS/android
If you already downloaded the Coinbase Wallet app on your Mobile Device, next should be installation of Coinbase Wallet extension from the Chrome
Step 1: To get started, please install the Coinbase Wallet extension from the Chrome Web Store
Step 2: Choose ‘Create a new wallet’ and enter in a username. This is how other Coinbase Wallet users can find you and send you crypto. Note that you will not be able to change your username.
Step 3: Securely back up your 12-word recovery phrase. We recommend storing this in a secure location, such as a password manager, or writing it down and storing it somewhere safe. Keep this safe, as this is the key to access your wallet and Coinbase cannot recover this phrase for you.
Step 4: Verify that you saved this recovery phrase before moving onto the last step.
Step 5: Create a password to access your wallet. Keep this safe, as you’ll need it to access your wallet regularly. Remember, Coinbase cannot recover your password for you!
Step 6: All done! Your Coinbase Wallet extension has been set up, and is ready to use! Get started by funding your Wallet extension.
We can also import/recover our own existing wallet
Most wallets have a 12 word recovery phrase, which acts as the key to your wallet. These words must be kept safe. No wallet provider, including Coinbase, can recover this 12 word recovery phrase for you.
Recovery phrases are portable, enabling you to transfer your wallet from one self-custody wallet provider to another. With Coinbase Wallet, you can import any wallet that you may have created with another provider such as MetaMask, Trust Wallet, and others. You can also recover your existing Coinbase Wallet using a cloud backup or your recovery phrase.
When you import an existing wallet using your recovery phrase into Coinbase Wallet, you will be able to continue using your wallet across multiple providers, and any transactions you make will show up in your wallet across all of your wallet providers.
While the recovery phrase is portable, the app passcode and/or cloud backup password that you set for your wallet is provider-specific and will not be ported over to another provider. Like recovery phrases, passcodes and passwords cannot be recovered by any wallet provider, including Coinbase Wallet.
Conclusion…
For Mobile users like Myself Coinbase wallet app. and its features is a dream come true, Now we can make on chain txn at ease just by using optical scanner not like before we need to go back on extension app. to sign every txn, also it adds more security on our wallet, txn history is also visible on the wallet app., Can also view Nfts and more…
Hey Fren thanks for reading if you like this content you can support me by Minting a Piece of it that will be a big help, Thanks in advance…
Coinbase’s self-custody wallet first arrived as a mobile app in 2017. Since then, crypto has evolved into a rapidly-expanding app platform that spans multiple chains. About 2 months ago they introduce the next chapter for Coinbase Wallet with an entirely redesigned mobile app, built from the ground up to be intuitive, user-friendly, and purpose-built for the multichain world of web3.
The Coinbase app is the company's product for individuals looking to buy or sell cryptocurrencies, also available at Coinbase.com It is an easy, secure, regulated on-ramp to crypto using US dollars or other local fiat currencies. You can safely store crypto on Coinbase so you don’t have to worry about managing your own private keys. Coinbase.com and the mobile apps are available in more than 100 countries.
First you need to go on this site for sign up Coinbase.com
After you fill out all the information required, you now should be see now your Coinbase dashboard
For us to get the full benefit of using Coinbase Wallet features, We also need to Download the Mobile Wallet app for iOS/android
If you already downloaded the Coinbase Wallet app on your Mobile Device, next should be installation of Coinbase Wallet extension from the Chrome
Step 1: To get started, please install the Coinbase Wallet extension from the Chrome Web Store
Step 2: Choose ‘Create a new wallet’ and enter in a username. This is how other Coinbase Wallet users can find you and send you crypto. Note that you will not be able to change your username.
Step 3: Securely back up your 12-word recovery phrase. We recommend storing this in a secure location, such as a password manager, or writing it down and storing it somewhere safe. Keep this safe, as this is the key to access your wallet and Coinbase cannot recover this phrase for you.
Step 4: Verify that you saved this recovery phrase before moving onto the last step.
Step 5: Create a password to access your wallet. Keep this safe, as you’ll need it to access your wallet regularly. Remember, Coinbase cannot recover your password for you!
Step 6: All done! Your Coinbase Wallet extension has been set up, and is ready to use! Get started by funding your Wallet extension.
We can also import/recover our own existing wallet
Most wallets have a 12 word recovery phrase, which acts as the key to your wallet. These words must be kept safe. No wallet provider, including Coinbase, can recover this 12 word recovery phrase for you.
Recovery phrases are portable, enabling you to transfer your wallet from one self-custody wallet provider to another. With Coinbase Wallet, you can import any wallet that you may have created with another provider such as MetaMask, Trust Wallet, and others. You can also recover your existing Coinbase Wallet using a cloud backup or your recovery phrase.
When you import an existing wallet using your recovery phrase into Coinbase Wallet, you will be able to continue using your wallet across multiple providers, and any transactions you make will show up in your wallet across all of your wallet providers.
While the recovery phrase is portable, the app passcode and/or cloud backup password that you set for your wallet is provider-specific and will not be ported over to another provider. Like recovery phrases, passcodes and passwords cannot be recovered by any wallet provider, including Coinbase Wallet.
Conclusion…
For Mobile users like Myself Coinbase wallet app. and its features is a dream come true, Now we can make on chain txn at ease just by using optical scanner not like before we need to go back on extension app. to sign every txn, also it adds more security on our wallet, txn history is also visible on the wallet app., Can also view Nfts and more…
Hey Fren thanks for reading if you like this content you can support me by Minting a Piece of it that will be a big help, Thanks in advance…
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