Coinbase wallet - Buy and Sell Bitcoin, Ethereum, and more with trust

When looking for safe storage space for your purchased cryptos and NFTs, if you have come across a Coinbase wallet, then you must investigate a few details about it. Yes, that's true! Carrying out a little investigation is a must when you are going to trust so many valuable assets with a platform.

Although the popularity of Coinbase itself is a major point that adds to the trustworthiness of this wallet, it still is very important to have a piece of in-depth knowledge about the same. But, before we proceed ahead, we would like you to create your Coinbase wallet login credentials and use some of its features to understand the wallet more closely.

I think there is no harm in just creating and analyzing a wallet even if you do not deposit funds in it.

Keeping that aside, let's talk about some of the wallet's pros and cons. So, let's take a quick look at them.

Well, every crypto trading platform comes along with its own pros and cons. The Coinbase wallet also comes in the same category. So, here we are going to list a few easy upsides and downsides of using this wallet:

Let's talk about the pros first:

• Has a unique and extremely facile interface

• The Coinbase wallet login account is free to set up

• You can easily connect with a Coinbase account

• Not only supports crypto storage, but also supports NFTs as well

• Also comes included with a dApp browser

Coming to the Cons of this wallet:

• Does not provide a cold storage option

• Does not support several browsers (available only for Chrome)

Now that you have read the article here, you must have gotten an idea of what this wallet is. However, if you still wish to know more, please note that it is a self-custody hot wallet where users can store a whopping amount of digital assets, including cryptos and NFTs.

Having access to wallet storage like Coinbase wallet is much-needed when you hold some amount of crypto assets with you. Apart from that, you also need to understand the fact that it also performs diverse functions which means it also includes the features of a dApp browser and is highly compatible with Android and iOS devices. Additionally, laptop and computer users can also use it via its Chrome browser extension.

Coming to the point of how it works, one first needs to download/install the wallet app/extension. After this, you need to set up a new wallet by providing the requested data.

Once you have set up the wallet, you can start depositing funds into it.

To sign up on Coinbase wallet means to set up a new wallet for yourself. Therefore, in this section, we will talk about the steps to create a new wallet for ourselves. However, if you do have your wallet already, you can restore it on any device of your preference.

To set up a new wallet, here are the easy steps you can proceed with:

1. Open the downloaded Coinbase mobile app/ extension

2. Followed by this, pick the "Create a new wallet" option from the given options

3. Thereafter, you can read and review the terms of usage of the Coinbase wallet

4. Accept the given terms and then choose a wallet username

5. Next up, you can set the username privacy preferences

6. Choose one of the methods that you'll use to secure your wallet

7. This will work as the Coinbase wallet authentication method in future

8. Now, it's time to backup your secret recovery phrase and confirm the same

If you do not know how to download the wallet app or the extension, apply the steps that are listed in the sections to follow.

Just like you download any other app on your Android or iOS device, similarly, you will be able to download the Coinbase wallet app as well.

To get the app, you just need to open the Google Play Store or the Apple App Store respectively. Once the app is downloaded, you can definitely proceed to the search section, type "Coinbase wallet" in it, and make a search for the same.

Once the search results appear, please select the authentic app icon and click on the given installation button to proceed.

How do I download the Coinbase wallet extension?

Well, the procedure to download the Coinbase wallet extension is pretty easy and one can easily get this extension by navigating to https://www.coinbase.com/wallet. To begin, you simply need to go to the said site, and there you will see the "Download Coinbase wallet" button which you need to click on. After this, the extension page will open where you need to click on the "Add to Chrome" button. Once you've done this, you will be given the option to add it to your Chrome browser.

As soon as the extension is added, you can start receiving crypto funds in it. This means you will need to get your Coinbase wallet address for the same. If you do not know how to get that, we'll soon tell you how.

As discussed in the previous sections of this write-up, there is only one standalone Coinbase wallet extension and this is only available through the Chrome web browser. One can easily get the wallet extension added through the Chrome web store for extensions or the official Coinbase wallet login website.

Unfortunately, there is no wallet extension available for any other web browser and not also for Firefox users.

Find out your Coinbase wallet address now

Getting your hands on your Coinbase wallet address requires you to take just a few easy steps. To get that done, you will simply need to undergo the Coinbase wallet login procedure. Once you are inside your wallet, click on the "crypto addresses" option and then you will see a page where your wallet address is mentioned.

To share this address and start receiving crypto funds, copy the wallet address from here and send it to the person who is sending you crypto assets. Here, you will also see a QR code that is there to help you receive crypto funds at an instant speed.

• Is Coinbase Wallet the same login as Coinbase?

Coinbase (available via https://www.coinbase.com/) and Coinbase wallet are not the same platforms and they do offer different functionalities. However, they are the product offerings of the same brand i.e. Coinbase Inc. On Coinbase, one can easily trade with different cryptocurrencies including some very famous as well as infamous crypto assets. On the other hand, if you are using a Coinbase wallet, then you will be given the option to use the services of a hosted wallet that lets you control and manage your crypto assets quickly and easily.

• Can I use Coinbase wallet on the desktop?

Yes, the Coinbase wallet can easily be used on a device on which the Chrome web browser is installed. This is because the Coinbase wallet is only available as a Chrome browser extension. Although it does have a mobile-friendly application, desktop users only need to ensure that they have the Chrome browser installed on their devices. If you do have that, then you can easily go to the official Coinbase wallet website and get the extension downloaded from there.

• Does Coinbase Wallet have an app?

Yes, there definitely is a standalone Coinbase wallet app that can be easily installed through two devices. The app can be procured from the Google Play Store or the Apple App Store and you can also get it by navigating to its official website. Once you have the app installed on your device, you can probably set up a new wallet or restore your existing wallet using its secret recovery phrase.

• Is the Coinbase wallet safe?

There are very few regulated wallets available in the marketplace and the Coinbase wallet is definitely one of them. When we talk about this crypto wallet, the one thing that comes to our mind is that it is a safe, regulated, and reliable crypto wallet that could easily store our crypto assets. This wallet is a self-custody wallet which means you will be in complete control of your funds.

If you have got more queries about the topics related to Coinbase wallet such as the Coinbase wallet fees structure, then you can navigate to https://www.coinbase.com/signin site, go to the "Help" section and get your queries resolved from there. Else, we suggest you check out the FAQs section given on this website.

Hopefully, the furnished information will help you understand everything regarding the usage of the Coinbase wallet and the features included in it. One more thing that we want you to ensure is the safety of your secret recovery phrase. Please do not divulge it to anyone else for enhanced wallet security.