How To Use Coinbase Wallet 2023?
The download and installation process of the Coinbase wallet is very simple. Simply follow the below steps and your wallet will be ready to use in a couple of minutes.
Download the Coinbase wallet on App Store (iOS) or Play Store (Android)
Create a new account by clicking on “Create New Account” on the app
Add your username where other users can find you and make transactions
Protect your account using either Touch ID (fingerprint) or a 6-digit passcode
The app will then display a 12-word recovery passphrase that you must write down, in case your device is lost or stolen.
After following these steps, your Coinbase Wallet will be ready to transfer crypto.
How Does Coinbase Wallet Work?
Once the wallet has been set up, you can make transactions of BTC, BCH, ETH, ETC, LTC, and all your ERC-20 tokens. The Coinbase wallet has a super-simple interface for sending and receiving crypto.
Sending Crypto
Log in on the Coinbase wallet app
Click on “Tokens” and select the token you want to send and send “Send”
Enter the number of tokens
Scan the QR code or manually enter the address of the recipient
Click on “Continue”
Receiving Crypto
Log in on the Coinbase wallet app
Click on “Tokens” and select the token you want to send and send “Receive”
Share your wallet address or the auto-generated QR code with your sender
The Bottom Line: Why Choose Coinbase Wallet?
Coinbase is already a popular name in terms of crypto exchanges and is also doing a pretty great job as a non-custodial wallet as well. Since its inception, a number of updates, top-quality security, a simple interface, and a variety of tokens have made it an impressive choice among crypto users.
Supports cryptocurrency Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), and ERC20 tokens, and ERC721 collectibles.
Cloud-backup
Easy transfer using Coinbase.com account
Current price of assets in regional currency
Crypto payments
The private key for signing messages cryptographically
Transaction history
Auto-add ERC 20 tokens and ERC721 collectibles
Backup using 12-word BIP39 recovery phrases
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