Guidance Helpline Support How to get a Coinbase wallet ?
Coinbase wallet is one of the mobile cryptocurrencies that makes it much easier for you to store, send, and receive the Bitcoin, Ether, Bitcoin Cash, Ether Classic, and Ethereum-based ERC-20 tokens.
The key distinguishing feature of this wallet is a simple username for trading and excellent support for decentralized apps via the DApp browser. Similar to this, many interesting things are there in this wallet.
Every day, a new user is downloading and setting up the Coinbase wallet on their mobile. If you want to know in-depth about this wallet and ways to get the wallet, then read out the following section.
Need for the cryptocurrency wallet
Nowadays, everyone has a PayPal account and access it to make the purchase or send/receive payments from other people. Similarly, the cryptocurrency wallet is offering the same functionality. However, it comes along with a few differences.
The crypto wallet is the only destination to do all the transactions safely and securely. It minimizes lots of hassles involved in the transaction. It also gives you peace of mind as your coins are stored safely. Due to these reasons, a crypto wallet becomes a mandatory one for doing transactions.
At present, many cryptocurrency users give preference to the Coinbase wallet because of its seamless performance and safety. This wallet is completely for the cryptocurrencies including Ethereum, Bitcoin, Litecoin, and much more. However, it does not support the currencies including EUR and USD.
To use the wallet, you never require a Coinbase.com account. Coinbase.com acts as the brokerage, which stores your crypto. On the other hand, the wallet renders you complete and direct control over your crypto assets.
Powerful features of Coinbase wallet
Take a quick rundown on the powerful and useful features of the Coinbase wallet. transactions and keep their crypto assets safer. You will have the control of your private keys that store only on your mobile with the help of Secure Element Technology. It means you need not worry about wallet security and safety at any point
- Gives access to Web 3 Decentralized Applications (DApps) powered by the Ethereum smart contracts. It also assists you to find and access popular DApps.
- Crypto payment is extremely safer and easier. It helps the users to send cryptocurrency payments to anyone and anywhere in the world.
- It renders the option of back up the private keys to the cloud. Yes! You can backup your wallet’s private keys to Google Drive to avoid losing funds whenever you lose your device or even misplace your recovery phrase.
- It is extremely easier to connect your Coinbase.com account and transfer crypto to your own custody. Add the popular ERC20 tokens and other collectibles to your wallet automatically
Download and setup the wallet
If you want to do anything in the decentralized finance, it is mandatory to have a wallet firstly. Using this wallet, you can send, receive, and store cryptocurrency. Check out the below section carefully to know how to get started.
- Regardless of what kind of device you have, go to the app store and download your Coinbase wallet.
- Upon the completion of the app, you need to open it. Now, you will be asked to create a new wallet or access the existing one
- If you are a new user, it is necessary to create a new wallet. Next, tap the accept to the legal conditions
- Now, it is time to choose the Coinbase username. It is a reliable way to make sending and receiving the money easier and quicker
- Set up a strong password to protect your account. Keep in mind that you have to write down the seed phrase on the paper
Reasons to write down the seed phrase
Are you thinking about why to write down and keep the seed phrase safer? Remember that seed phrase is nothing but the 12words that should be kept safer from the whole world. It gives you instant access to your coins stored in the wallet. When someone gets your wallet’s seed phrase, they also obtain the access to your wallet. It means anything can happen to your wallet.
If you want to look into your seed phrase, then navigate to settings by hitting the gear icon within the wallet exactly on the bottom. After that, find the recovery phrase that displays your seed phrase. Now, it is time to choose the option at the bottom to do backup manually. In this way, you will be able to write your seed phrase using the pen and paper. You have to back these 12-words keys on the cloud often. Never share this key with anyone in any situation.
With the help of seed phrases, you can be able to restore your wallet and keep it safer. Never take the screenshot of these keys when your wallet is displaying it on the screen. Do not email it yourself to store it safely. Hackers are waiting for the loophole to find these words and hack your email quickly. Keeping the record of seed phrases on the paper is the only way to make it extremely secure and safe.
Send and receive cryptocurrency
Once you have finished setting up your Coinbase wallet, try to send some crypto yourself to know how it works. Let’s assume that you have purchased some cryptocurrency at Coinbase.com. Now, you want to send some crypto from your Coinbase.com account to your wallet. As both aspects are entirely separate, it is necessary to look at the specific way to do transactions. This is where an in-built feature comes in because both Coinbase.com and wallet are operated by Coinbase.
Open up your wallet on your mobile and then choose to receive option. Next, find the specific crypto in the list of the cryptocurrencies. It will display your public address for receiving the crypto to the wallet. It is extremely easier and safer to share this with others to let them know how to send cryptocurrency. Tap share and select the copy to copy this long alphanumeric address to your device’s clipboard for ease of access.
Now, it is time to head over to your regular Coinbase website or app. Tap on the portfolio and press the specific coin. At the right top, you find the paper airplane button. It helps you to send the cryptocurrency from Coinbase.com. Always choose the amount number especially when you use the new address. Next, paste the long alphanumeric address, which you have copied from your wallet into the “to field” and then tap click.
Next, you will be directed to the confirmation page, which includes the tiny network fee. You need to pay the amount and validate your transactions. Finally, press confirm send in order to send the crypto. Based on the network at the time you make the transaction, the transaction speed is determined. However, it takes usually between 2-5minutes. As soon as you witness the crypto you send in your wallet, you can access this public address safely to do further transactions.
So, you have set up your Coinbase wallet successfully and even performed the test transaction. It means you can do both sending and receiving the cryptocurrency anytime.
Is it easier to do transactions?
Yes, it is extremely easier to send and receive cryptocurrencies through the Coinbase wallet. The users do not need to be technically strong to use this wallet. Anyone who wishes to use the cryptocurrency makes use of this wallet and does all kinds of transactions without confronting any hassles. The entire process of making and receiving payments is straightforward.
When it comes to sending the crypto, select the cryptocurrency you want, the amount you wish to send, and choose the recipient. You can scan the QR code or enter the long alphanumeric address to send the crypto to the specific address. As the wallet has its own username system, use it and perform a search by the username to pick your recipient.
Just like sending, receiving the cryptocurrency is extremely simple. Again, you need to pick the cryptocurrency you wish to receive from the list of the available options. To share your address, you can either use the address or QR code. Another Coinbase wallet user can also enter your user name alone to send the coins. Within some time, your wallet will be added with the specific coins.
Safety of the Coinbase wallet
Coinbase wallet is the individual wallet storing the private key on your device. It means the key is as secure as your phone. As mentioned earlier, it uses the Secure Element Technology to protect the private keys on your mobile. Even you can access fingerprints to protect the private keys. It makes hacking the key is highly impossible. Likewise, put the auto-lock timeout option.
All these features make the hackers frustrated and stay away from your hackers. It means the safety of your Coinbase wallet is top-notch. Do not forget to copy the seed phrase that you get at the time of account configuration. It is the only way to access the wallet whenever there is an issue with your mobile. It acts as the life-saver and keeps you at the safer line regardless of the situation. As the wallet renders the great security for crypto owners, they never think of investing in the dedicated hardware wallet.
Contact the customer support
Are you confronting trouble to get and access the Coinbase wallet? Are you unable to do transactions? Irrespective of the troubles and hassles you confront, you can reach the customer support anytime and anywhere. It helps you to get rid of the issues that you confront. Additionally, the support experts showcase you exact way to fix the problem and enjoy the seamless benefits of the Coinbase wallet.
Usually, you can reach the Coinbase support through mobile, email, and Twitter. Based on your requirements, you can choose any one of the options. Describe your problem clearly so that experts understand what you are going through currently and suggest you the right solution. Thus, you will get out of the problem in a short time. It also minimizes the headaches and troubles heavily.
Keep in mind that many frauds are revolving around you with the fake support number. You should stay away from them because they collect sensitive details of your wallet and steal all the coins. You should ensure that you reach the official site of the Coinbase and get the support number, Email, and Twitter id to contact them. It is strongly recommended to avoid the third-party support service. Never share your wallet details unnecessarily with anyone.
Whenever it comes to sending or receiving crypto, the Coinbase wallet performs the best job and keeps the user’s details and assets safer. With the slick user interface and excellent security feature, it fulfills the needs of all kinds of crypto users throughout the world. It has the ability to send and receive the crypto using a simple username. It makes the whole process streamlined. Just like other wallets, there is some fault and hassle here also.
However, you can be able to sort out them by contacting the customer support. As the entire wallet is easy to understand and use by the people, you can use download it on your device and use it without any hesitation. Overall, the Coinbase wallet is acting as the best entry point and allowing you to store your crypto safe for a long time.