π΅ Coinbase Wallet | How to Set Up & Use Coinbase Wallet
Coinbase Wallet is a self-custody crypto wallet that gives users full control over their digital assets, including cryptocurrencies, NFTs, and access to dApps. Here's how to set it up and use it effectively.
πΉ What is Coinbase Wallet?
Coinbase Wallet is separate from the Coinbase exchange. Itβs a decentralized wallet where you control your keys and assets. You can interact with decentralized finance (DeFi), trade NFTs, and access thousands of dApps.
πΉ How to Set Up Coinbase Wallet
- Download the Coinbase Wallet app from the App Store or Google Play.
- Open the app and tap "Create New Wallet".
- Set a secure password for local access.
- Write down your 12-word recovery phrase and store it safely offline.
- Confirm the phrase to complete wallet creation.
π Never share your recovery phrase. It gives full access to your wallet.
πΉ How to Use Coinbase Wallet
- Send & Receive Crypto: Tap on the crypto asset to send or receive. Use the QR code or address.
- Explore dApps: Use the browser tab to connect with Web3 apps like Uniswap, OpenSea, Aave, etc.
- Manage NFTs: View and send NFTs directly in the wallet interface.
- Add Networks: Easily switch or add EVM-compatible networks such as Polygon or BNB Smart Chain.
πΉ Security Tips
- Enable biometric authentication for quicker, secure access.
- Use the browser extension for desktop use.
- Always log out of dApps after use.
- Bookmark trusted dApps to avoid phishing.
πΉ Coinbase Wallet Extension
For desktop users, download the Coinbase Wallet Extension from the Chrome Web Store to interact with dApps directly from your browser.
πΉ Conclusion
Coinbase Wallet is a powerful tool for managing digital assets and accessing the decentralized web. Set it up with care, secure your keys, and explore the full potential of Web3!