Coinbase Wallet - Buy and Sell Bitcoin, Ethereum, and more
Coinbase wallet- Store your digital money and other assets with ease
The launch of cryptocurrency has given way to the development of several platforms, products, and services that could help an investor in fulfilling his crypto trading demands. Among different developments, there arose the need for the development of a service that could help users with the storage of their purchased funds. And owing to this need, crypto wallets were introduced into the market. These wallets have been developed in different formats so that users have the choice of picking a wallet with specific features included in it.
So, today, we are going to have a detailed discussion on one such wallet that has managed to make a specific position in the crypto marketplace. Yes, we are talking about Coinbase wallet. Well, this is a hot wallet that is not present in its physical form but can be used online.
That's not all, it has got some more features that you'd definitely love to know about. So, to know more about this popular wallet, please check out the details provided below.
What is Coinbase wallet and how to use it?
Developed by Coinbase Inc. a renowned name in the crypto industry, the Coinbase wallet is a non-custodial wallet that gives you full control of the funds or the private keys that you have stored in it. The details stored in a non-custodial wallet is not stored in its database and only the user of the wallet would have access to this key. So, if you also wish to join the league of the people who are using Coinbase wallet, you can easily do so by downloading the standalone version of the wallet which is available in the form of an extension. In addition to this, you can also use the wallet by installing the latest version of the wallet made available for mobile users. If you are interested in learning how to use this wallet, we'll show you the details for the same in the upcoming segments.
How do you download Coinbase wallet extension?
By using this procedure, you can easily get the wallet extension downloaded on your device:
Visit the https://www.coinbase.com/wallet website from your Chrome browser
Scroll on the landing page and click on the "Download Coinbase Wallet" button
Else, you need to search the Chrome web extension store to look for the Coinbase wallet
Once you are on the wallet installation page, click on "Add to Chrome" > "Add extension"
When the extension is added, you can sign up for a new wallet or import an existing wallet
The Coinbase wallet sign up tutorial
Right after adding the wallet extension or the wallet app on your device, here is what you need to do:
Open the wallet software available on your PC/mobile
Click on the "Create a new wallet" option
Review the legal details of the wallet usage set by Coinbase
It's time to select a username for your wallet so that others can recognize you
Now, you'll need to set some username privacy preferences
Then, you can choose how you'd like to safeguard your wallet- biometric or passcode
When your screen comes up with the secret recovery phrase, please create its backup
Viola! You have successfully created your wallet now
A quick glance at the Coinbase wallet login procedure
When you finally set up your wallet, you might wish to learn how to access it on devices on which you have never accessed the wallet before. So, here are the easy Coinbase wallet login steps that you can imply:
Open the Coinbase wallet app or the wallet extension
Now, you can click on the "sign in" button
Add the Coinbase wallet login details in the empty spaces
Complete the biometric login procedure, if applicable
Right after this, you can start using the services that are available in your Coinbase wallet.
Is there a Coinbase Wallet Firefox and Chrome?
Well, there definitely is a Coinbase wallet available for Chrome users but unfortunately, this wallet is not available for those who wish to use it through the Firefox browser. Also, if you are not using Chrome but you still wish to use this wallet, you can download and install the Coinbase wallet app on your device. Currently, this wallet is available for usage only on the Chrome browser and mobile devices based on Android OS and iOS.
How do you generate a new Coinbase wallet address?
In order to receive crypto funds in your wallet, you must generate a new wallet address so that you can send it to the sender and he can use the same wallet address to send you the required funds. To do so, here are the easy steps that you need to take:
At first, you need to sign in to your wallet through https://www.coinbase.com/
Followed by this, you can navigate to the crypto addresses section
And then, click on the "Create new address" option
Now, this address will be linked to your account forever
Conclusion:
Although downloading and using this wallet is completely free, if you still wish to know more about the Coinbase wallet fees. Then you can go to the official website of the wallet and find out more about it. On the other hand, if you still have any doubts or you are facing any kind of trouble, please refer to the FAQ section that we have given below.
FAQs-
- What does Coinbase wallet do?
A Coinbase wallet, as we all know, is a self-custody wallet. This wallet lets you enjoy access to all the private keys of your crypto funds which mean this wallet securely stores the private keys of your funds and does not share any of your information with a third party. This wallet currently supports a wide range of popular crypto assets including Bitcoin, Dogecoin, and a lot more.
- Is Coinbase and Coinbase wallet the same?
No, they are not the same but are the products of the same company i.e. Coinbase Inc. Speaking about Coinbase, we can say that it is basically a centralized crypto exchange that gives users the advantage to buy and sell crypto assets. On the other hand, the Coinbase wallet is a hot crypto wallet that allows you to store different digital assets that you have purchased from crypto exchanges.
- Can I use Coinbase wallet on desktop?
Definitely, one can easily use a Coinbase wallet on his desktop by installing the Chrome web extension available for all the users who wish to use it. For downloading the wallet extension on your desktop browser, you can easily go to the official MetaMask website and get the extension added. After this, you just need to set up the wallet the way you want and you're done.
Coinbase Official Information
Coinbase Officail Website - https://www.coinbase.com/
Official Email - help@coinbase.com
Coinbase Phone Number - 1 (888) 908–7930
Coinbase Headquarters - 548 Market St, San Francisco, CA 94104