Introduction to Coinbase Wallet
Coinbase Wallet is a self-custody crypto wallet offering secure storage and seamless interaction with decentralized applications (dApps). This guide covers:
- Creating a new wallet
- Importing an existing wallet
- Best practices for security
👉 Explore Coinbase Wallet’s official features
How to Install Coinbase Wallet
Step 1: Download the Extension
- Visit the Coinbase Wallet page via Chrome.
- Click "Add to Chrome" and confirm the installation.
Step 2: Create a New Wallet
- Open the extension and select "Create New Wallet."
- Write down your 12-word recovery phrase (store it offline).
- Verify the phrase by entering the first/last words.
Step 3: Set Up Security
- Create a strong password.
- Claim a free Coinbase Wallet username (e.g.,
yourname.cb.id).
Pro Tip: Test restoring your wallet with the recovery phrase to ensure accuracy.
How to Import an Existing Wallet
- Choose "I already have a wallet."
- Enter your 12-word recovery phrase (separate words with spaces).
- Set a new password and confirm.
👉 Need help? Troubleshoot wallet import issues here
FAQs
Q1: Is Coinbase Wallet free?
Yes—no fees for creation or basic transactions (network/gas fees apply).
Q2: Can I use it without a Coinbase exchange account?
Absolutely. The wallet operates independently.
Q3: How do I get testnet tokens?
Visit Coinbase Faucets for Goerli ETH, Polygon Mumbai, etc.
Q4: What if I lose my recovery phrase?
Without it, funds cannot be recovered. Store it securely.
Key Features & Tips
- Supports 500+ assets (ETH, BTC, ERC-20 tokens).
- Built-in dApp browser for DeFi/NFT platforms.
- Enhanced Security: Biometric login, encrypted cloud backups (optional).
Keywords: Coinbase Wallet, crypto wallet, recovery phrase, dApps, self-custody, Ethereum, DeFi
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