Imagine someone breaking into your house and stealing all the money that you casually did not deposit in your bank account? Well, this could turn out to be the worst nightmare for anyone. In the same way, if you keep your crypto lying on the database of the crypto trading exchange, it gets prone to attack. Hence, to avoid any such mishap, you need to make sure that you transfer your funds to a secure crypto wallet such as a Coinbase Chrome extension.
By doing this, you can ensure the security of your crypto assets from hackers, cybercriminals, and other such threats. If you are new to the crypto industry and looking for ways to get started with this wallet, this document will help you with that. So, stay tuned.
Coinbase extension is a pathway through which you can use the crypto security features of the Coinbase wallet. Particularly speaking about this wallet, we can say that it is a secure and user-friendly crypto wallet that allows you to explore a wide range of decentralized applications, manage digital assets, trade tokens, and more. The wallet has been built by the brand “Coinbase,” which is already a big name in the crypto industry. In short, if you wish to have full control over your digital assets, this is the only pathway to do so.
Downloading the Coinbase extension is the first step you will take towards using the Coinbase wallet. With that understood, let’s start the process:
Visit https://www.coinbase.com/wallet (the official website).
When on the official download page, choose “Download extension.”
Your browser will show the Chrome Web Store.
On the web store, click the “Add to Chrome” button.
For the final confirmation, choose “Add extension.”
If you are wondering how to use the Coinbase Chrome extension, the following steps will help you with that:
If you are a new user, open the Coinbase web3 app or the extension.
Click the “Create a new wallet” button to begin the process.
Existing users can choose the “Import wallet” option.
To set up a new wallet, assign your wallet a new password.
When you’re given the Secret Recovery Phrase, please back it up.
Voila!!! You can start exploring Web3 right away and connect to dApps.
Everything that you need to manage your crypto assets in a safe haven is already present in the Coinbase wallet extension. The Coinbase Chrome extension comes with the following set of features:
A completely self-custody wallet where you are the only owner of your private keys.
Provides support to access multiple chains, including the EVM-compatible chains, Base, Polygon, and Ethereum.
Gives you seamless dApp access, NFT management, and allows you to play Web3 games directly from your browser.
You can easily integrate it with the Coinbase exchange to send and receive crypto from your wallet.
Besides that, there is a built-in token swapping feature present within the wallet.
Get to view, store, and manage your NFTs pretty securely.
Top-notch security features such as biometric protection, cloud backup, and encrypted keys keep your crypto safe from any hacks.
As soon as you are done installing the Coinbase extension, you can open the wallet and start using it straightaway. To use the wallet, here are the steps you need to follow:
Open the extension and unlock it using the password.
Start adding crypto money to your wallet.
From another wallet or exchange account, transfer crypto.
Connect to a dApp of your choice and start exploring Web3.
Coinbase Chrome extension is a powerful tool that allows you to connect to a wide range of dApps, manage crypto assets, and approve transactions on the go. If you wish to provide top-notch security to your highly valued cryptocurrency, consider going ahead with the Coinbase wallet and downloading its extension on your Chrome browser.
How to fix: Coinbase wallet extension not working?
Update your browser and the extension
Clear cookies and cache
Reconnect your wallet or check the network
Reinstall the extension
Is the Coinbase browser extension safe?
Coinbase’s security team offers a wide range of security features so that you do not end up connecting to malicious dApps. If you ever do so, Coinbase will warn you of the security risks.
How to use the Coinbase wallet on mobile?
You can install the Coinbase wallet mobile app on your device. Open the wallet app and then choose to create a new wallet or import an existing wallet using the seed phrase.
Is the Coinbase wallet the same as Coinbase?
No, they are not the same. They are different products- while Coinbase is the exchange from which you trade crypto, and the Coinbase wallet is where you get to store them.