Coinbase Wallet Overview
- What is Coinbase Wallet?
Coinbase Wallet is a self-custody crypto wallet, giving users full control over their digital assets. Unlike holding cryptocurrencies on the Coinbase exchange, where Coinbase holds the assets, the Wallet app allows you to store your crypto securely under your own control. It supports a wide range of cryptocurrencies, allowing you to store, send, and receive them within the app.
- Main Features
- Decentralized and non-custodialOptional integration with Coinbase ExchangeStrong security measuresStorage for tokens and NFTsFiat on-ramp
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Frequently asked questions
Yes, you can easily transfer assets between your Coinbase exchange account and your Coinbase Wallet. However, remember that these are two separate entities, and transferring assets may involve network fees.
If you've lost your device, you can restore access to your wallet on a new device using your recovery phrase. It's crucial to keep this phrase safe and never share it with anyone.
To add crypto to your Coinbase Wallet, first open the app and navigate to the wallet you want to use. Tap on "Receive" to display your wallet's address or QR code, then select the type of cryptocurrency you wish to add. If transferring from another wallet, copy your Coinbase Wallet address into the sender's wallet. For transfers from an exchange, paste your wallet's address in the exchange's withdrawal section. Always confirm the transaction details before finalizing to ensure accuracy.
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