Download Coinbase.com Wallet - Official Website
Coinbase Wallet Extension is a crypto wallet that securely stores users' assets. It is one of the most secure virtual currency wallets worldwide. Because of its consolidation with the popular Coinbase exchange, users feel secure keeping their crypto assets in this wallet. Coinbase is a virtual wallet that utilizes hot storage for crypto assets. Based on the hot wallet services, Coinbase Wallet login keeps most of the assets online. It doesn't utilize cold storage features like encrypted data devices or hardware crypto wallets. However, as a hot wallet, this wallet is prone to all kinds of threats.
Users can utilize Coinbase.com Wallet to interact with dApps (decentralized applications) on the Ethereum and Bitcoin ecosystems. You can easily integrate the wallet into dApps browsers and create an account on all devices, including iPhone and Android mobile platforms.
Features of Coinbase Wallet Extension
This crypto wallet has some best performance features, making it a great wallet for digital assets. The wallet offers robust safety and ensures that its hot wallet status doesn't get compromised.
The key feature of the Coinbase Wallet Extension is handling private keys and keeping users' digital assets on their devices. It's a hot wallet that supports hardware wallets like Trezor, KeepKey, and Ledger. Users cannot use the wallet to transact and receive assets as a centralized exchange or brokerage.
You can connect the wallet to crypto-friendly saving accounts. This crypto wallet also provides different features that assist users in purchasing or selling crypto assets at profitable margins. Also, the wallet is compatible with widely used fiat currencies like the US Dollar (USD).
The wallet offers high compliance services, implementing specific KYC rules in the company's policies. This crypto wallet may not be a good option for users with poor credit history. Regardless, all crypto enthusiasts would like the wallet's cool features and support services.
A basic service of the wallet is assisting users to store virtual collectibles. NFTs (non-fungible tokens) are becoming popular in the virtual consumer marketplace. Kitties and Crypto Punks are rapidly becoming digitalized as collectibles. Users can store these NFTs in this crypto wallet. Moreover, the wallet also assists users in purchasing and selling NFTs over the Internet.
Coinbase Wallet provides safe storage services. Coinbase tightly protects users' Public and Private keys in the wallet. The safe Enclave feature is possibly the strongest safety feature designed by Coinbase.com Wallet. Also, it lets users enable biometric authentication on their wallets for more safety of their assets. The additional cloud backups of this wallet are also helpful for restoring private keys and digital assets.
dApp Browser by Coinbase Wallet Extension
A third party has created the dApp (decentralized application) browser offered by Coinbase. The Coinbase platform doesn't own the dApp browser. Users must contact the dApp developer to fix wallet errors with dApps. Coinbase Wallet Extension features a dApp browser that allows a simple API for consolidating wallet features into dApps. Using this browser, decentralized application developers can develop multi-chain Coinbase apps. Users use Coinbase API to allow a wallet account and sign transactions on Android and iOS devices.
Steps to Create a New Wallet on Coinbase Wallet Extension
The user interface of the wallet is simple to follow. Developers have made the wallet beginner friendly. First-timers will not find any problems while using the wallet. To begin with, Coinbase Wallet Download, go through these quick instructions below:
To begin, you must go to the official Coinbase Wallet website https://www.coinbase.com/wallet and pick the device to download the wallet. For instance, select the Chrome extension option.
Then, select the Add to Chrome option on the top of the Chrome Web Store.
On the pop-up page, tap on the Add Extension tab.
Once you get Coinbase Wallet Extension on your browser, open the extension and start the wallet setup procedure.
On the homepage, you should navigate and tap the Create New Wallet button.
Next, accept the User Agreement and Privacy Policy of Coinbase.
After this, you must provide a username. Note: if you create the wallet through the Chrome extension and forget to give a username to the wallet during sign-up, Coinbase will keep a username you can claim. Or you can import the ENS name into the wallet and utilize it as a username.
Then, select your username and privacy preferences.
Next, choose the desired security method: passcode or biometrics authentication.
After this, you will obtain a 12-word mnemonic phrase you should safely back up.
On the next screen, rewrite the seed phrase to confirm the backup.
All done; you can instantly use the wallet to begin trading or swap virtual assets.
Steps to Stake or Unstake Assets on Coinbase Wallet Extension
You can stake and unstake the CbETH (Coinbase Wrapped Staked ETH) and rETH (Rocket Pool ETH) anytime on the wallet. You will see the staked rETH and cbETH on the respective asset page. Note: You can't directly stake assets on the wallet; you must swap ETH to rETH or cbETH and then stake. Now follow the instructions below.
Staking
First, launch your device's Coinbase Wallet login or Coinbase Wallet mobile app.
On the home screen, choose the Rocket Pool ETH or Coinbase Wrapped Staked ETH option.
Then, hit the Stake button.
After this, you must provide the desired amount (including the gas fee) and tap the Preview tab.
Lastly, carefully check the transaction details and press the Stake button when ready.
Unstaking
Log in to your Coinbase Wallet and choose rETH or cbETH.
Then, tap the Unstake tab and specify the amount you need to unstake.
Next, provide the desired amount and choose the Preview Unstake option.
After this, tap the Unstake Now button to finish the process.
Ways to Fix Coinbase Wallet Not Working Issues
Below are some general troubleshooting tips for issues like the Coinbase Wallet not working properly on your device.
Coinbase Wallet App Not Working
Turn your Android or iPhone off and on after a few seconds.
Change the internet network from phone data to WiFi through the phone settings or vice versa.
Update the operating system of your smartphone from the phone's settings.
Update the Coinbase Wallet app to the latest version. Do this from the restive app store.
Clear the app cache. Hit the Settings icon on your smartphone and select Coinbase app > clear cache.
Uninstall and reinstall the app.
Try to access the Coinbase Wallet website from a mobile web browser. To do this, download the web browser app from the app store.
Coinbase Wallet Extension Not Functioning
Turn off and on your PC.
Update the operating system via your device settings.
Clear the browser cache and cookies.
Update your browser.
Switch the web browser to private mode.
Disable the browser extensions.
Try to use a different browser.
Is Coinbase Wallet Reliable?
Secure Enclave is a significant reason why crypto users trust this hot wallet. Secure Enclave technology protects Coinbase. This technology securely keeps your private keys. It utilizes authentication options like 2-FA (two-factor authentication) to control access. SMS verification through verified mobile numbers can assist in accessing the wallet. Also, the wallet utilizes Google Authenticator for exceptional situations. Moreover, a Coinbase.com Wallet mobile app gives access through a four-digit safety PIN. The PIN lets you unlock your wallet on the app and also assists in validating transactions.
The wallet is secure and implements best practices to protect your crypto assets. Regardless of being a hot wallet, Coinbase stands out in protecting asset transaction services in the cryptocurrency industry. It enforces security features at different levels.
For instance, the wallet processes its traffic across web-based https-encrypted SSL. You can securely keep your private data and must not consider splitting it with redundancy. Coinbase encrypts users' data with AES-256. Also, it makes a backup in FIPS-140 USB drives. Then, safely store the drives in physical deposit boxes and security vaults at various places across the globe.
Frequently Asked Questions
How can I import my existing wallet to Coinbase Wallet?
Open the Coinbase Wallet extension or app.
Then, hit I have a wallet > Restore with Seed Phrase.
After this, specify your 12-word seed phrase.
Lastly, pick your username safety preferences and desired safety methods such as biometrics authentication or passcode.
How can I activate a web3 wallet on Coinbase Wallet?
Launch the Coinbase Wallet app and tap the Browser tab at the bottom.
Then, a pop-up window with the instruction of the dApp browser will appear. Tap Continue.
Next, review the terms and choose the Agree and Get Started options.
After this, you will reach the dApp browser home screen, where you will see ETH dApps (decentralized applications), which you can filter by the categories such as DEXs, DeFi, and NFTs.
How to add assets on Coinbase Wallet?
Open the Coinbase Wallet extension or mobile app.
Then, choose the Receive option and the assets you wish to obtain.
Next, you will see a Barcode with the distinctive wallet address. You must share the wallet address with your sender, or you can share the wallet username if the sender is a Coinbase Wallet user.
How much does it cost to use Coinbase Wallet?
Coinbase wallet is free to download and use. However, it takes 1-4% fees for transactions.