Coinbase wallet is a multi-asset wallet that offers a centralized exchange (CEX) service. It provides compatibility of NFT and cryptocurrency with more than 40,000 digital assets. Coinbase is a reliable name in the crypto world. It works as a one-stop shop for all traders. One can buy, sell and trade crypto via this platform. It is one of the fastest-growing platforms comprising more than 89 million users globally. This wallet will be provided to you in form of a Web3 browser extension or mobile app.
Coinbase Wallet has a customer centric-interface. It provides full control to access their funds to users. Newcomers can also start their journey to the crypto space by using its user-friendly interface. This wallet supports ETH and various blockchains such as BNB Chain, Polygon, Avalanche etc. Users can download Coinbase Wallet Extension or Coinbase Mobile Application to get the benefits of this platform. In this blog post, we will explore the step-by-step guide on how to set up Coinbase wallet Extension.
A Guide to Set Up the Coinbase Wallet Extension:
Setting up a Coinbase Wallet extension is an easy process. Let’s dive into the process of setting up your wallet extension without any further ado.
- Firstly, Go to the official website and install the Coinbase wallet Extension.
- After installing the chrome extension, you will be asked to create a username. Choose your username wisely because it will be used by other users to search you for sending funds.
- The next opened page is crucial for security reasons. After entering your username, take a backup of the recovery phrase of 12 words. The Recovery phrase is retrievable.
- The next step is to tick the agreement box.
- Note down or paste your recovery phrase at any highly safe place to secure it for future use.
- After verifying the recovery phrase, tap the “Continue” option.
- Confirm the phrase and select “Submit”.
- Finally, all you need is to create a password for your Coinbase wallet extension. Set a strong password and verify it by entering twice.
- Go through the terms and check the square button.
- Click the “Submit” button and you are all set to go.
Now your wallet is ready. You can add funds and view transaction history and explore the other settings as well over here.
Read more - The Metamask enables the users to manage and safely store the transactions, account keys, cryptocurrencies along with the tokens. With the help of a MetaMask Sign In account, you can easily use the Metamask account to connect with decentralized apps or Dapps along with a compatible web browser.
Conclusion
Coinbase is a downloadable browser extension with a user-friendly interface and allows you to connect dapps and DeFi. If you’ve been following the given guide carefully, we hope that you are now all set to navigate through the Coinbase wallet extension. This article will help newcomers to step into the crypto economy.
