Coinbase Wallet | Coinbase Wallet Extension - Your Key To The Crypto World

CryptoCryptoCrypto CryptoCrypto trade without a compatible wallet will not bring fruitful results. The justification behind this statement is that without a wallet, one can not manage digital funds effectively. And mismanagement never gives positive outcomes.

So, to ensure that you won’t face this trouble after making all the possible inputs, we have come ahead with the thought of introducing a remarkable wallet of the crypto world- The Coinbase wallet.

The wallet since its launch has made its name by rendering exceptional trading and investment services to investors. With this read, we have attempted to share some compact information about this wallet with our readers.

With this aim let’s walk through the complete read, and understand how can we better organize and make optimum utilization of our digital funds.

Knowing the nuts and bolts of a particular thing helps in the better implication of it. Be it a product or any service, understanding things from scratch to the end, no doubt portrays a clear picture of that service.

Keeping this perception into consideration, hereby we will try to have a quick insight into the Coinbase wallet.

Just like the other crypto wallets, this wallet also caters to the same trading and investment activities relating to digital assets. It is a non-custodial wallet which means the sole authority to access the wallet and organize the crypto funds rests in the hands of the owner only. Not only this, the wallet holds up a vast number of cryptocurrencies facilitating the crypto traders to carry out their trade with convenience and within the advanced shield of protection.

Besides, providing basic facilities like storing, managing, sending, receiving, and other fundamental activities related to the trade, it does encourage staking also.

After the brief cognizance of the wallet, we will move ahead to have a quick check into the basic lineaments of it. Characteristics or features of a particular thing give readers a rough idea about its functionalities or work mechanism.

So, in this section, we have got you covered with the key highlights of the wallet and they are as mentioned down:

• Purchase of crypto assets

• Swap

• Promotes transferring of funds between blockchains

• Transact the funds (i.e. sending and receiving)

• Helps you explore the dApps browser or metaverse world

• Supports staking option

• Intuitive interface

These are some of the key highlights of the wallet. The wallet does offer other great facilities to ease the trade process, making it more convenient for investors.

Now, comes the most important and general query of the investors engaged in crypto trade. Need not to say, you might also know that several crypto wallets are existing in the market to pace trade and investment activities. Due to this reason, traders do have to struggle for picking the best suitable wallet that can match and satisfy their trading needs.

So, to help you a little bit in recognizing which crypto traders can shake hands with this wallet, we have specially prepared this section.

This wallet is best suitable for:

• A trader who is trading with the Coinbase exchange

• If an investor is engaged in multifarious crypto portfolios

• Investors aiming to keep the sole authority to manage their wallet in their hands

• For the NFT traders

In addition to this, the two highlighted categories of investors who shouldn’t opt for this wallet are the ones who don’t prefer self-custodial wallets and the ones who look for a cold wallet for storing their funds.

It is a software, free, non-custodial, hot crypto wallet, which means that one needs an active internet connection to access his wallet every time. The wallet is compatible to work on mobile devices and the web (with an extension) as well. Users have to get it installed on their devices, create an account, and fund the same to commence using their crypto wallet. At the time of creating an account, a secret recovery phrase will be provided to the users which are generated automatically at the time. One thing to pay heed to is that the users have to make a note of the recovery phrase and keep it somewhere safe. In addition to this, they are advised not to share the recovery phrase or any other sensitive information relating to their account with anyone.

To get the ultimate security of trade actions and your funds, you can even connect it with Ledger- a hardware wallet.

The roadmap to create a new wallet account through the web is provided underneath. Give a quick peep into it:

1. Navigate the official website of the Coinbase wallet

2. Click on the “Download” option

3. Three options to download the wallet will appear, select “Download for Chrome”

4. The previous action will let you get into the Google Web Store, tap on “Add to Chrome”

5. Hit “Add Extension” to re-confirm adding it to your browser

6. Tap on “Create a New Wallet”

7. Note down the displayed Secret Recovery Phrase, and agree to the mentioned terms

8. Hit on “Continue”

9. Move next to verify the recovery phrase by picking up the first and the last word of your phrase, and then tap on “Submit”

10. Lastly, create a wallet password and username.

Amazing!! This way you have enrolled an account in your name on your wallet. You are now able to access your wallet and perform any of the activities relating to crypto trade and investment.

The journey doesn’t come to an end with the account creation, rather it is just a beginning. The users are permitted to participate in crypto trading activities with this wallet. Every time investors looking to access the wallet have to provide the wallet password and username after reaching the login page.

Ensure that you are typing the correct login password and username to eradicate hurdles on your way.

Coinbase wallet brings great trading opportunities to crypto investors by supporting a wide range of cryptocurrencies. In addition to this, the wallet ensures that the user’s data is not compromised in any manner. You can even earn passive income by way of staking. It is a reliable and smart move that you can take to uplift your crypto trade.