We always use the non-custodial wallet to manage (send, receive and store) the crypto. Furthermore, we can hold crypto into it for the long term. Some of the non-custodial wallets are MetaMask, Trust Wallet, Coinbase Wallet, Exodus Wallet, and crypto.com Wallet. Today in this article we will discuss all Coinbase Wallets so let’s get started to set up a Coinbase Wallet!
What Is Coinbase Wallet
Coinbase wallet is a non-custodial wallet, it helps you to securely store, send and receive crypto like Bitcoin (BTC), Ethereum (ETH), Ether Classic (ETC), Solana (SOL), Bitcoin Cash (BCH) Litecoin (LTC), and ERC20 tokens. Furthermore, with the help of this you can fully own your crypto without the involvement of a third party.
How To Set Up a Coinbase Wallet
It is available on Windows OS, IOS, Android, and as a browser extension. Today we will learn how to add a Coinbase wallet extension to the browser:
Step 1: Go to the Chrome Web Store to download the Coinbase extension and hit the button Add to Chrome:
Step 2: Click on the button Add extension which is located in the pop-up view to download the extension:
Step 3: When the installation is done successfully, then click on the extension icon given in the browser and open the Coinbase Wallet extension:
Step 4: Copy the seed phrase and hit the button to Continue:
Step 5: Enter the first and last word given in the recovery phrase and hit the button Submit
Note: Keep the seed phrases in your record because, in case of forgetting the password or have no more access to the wallet, you can restore your wallet using seed phrases.
Step 6: Enter the Password, Verify the password, and hit the button Submit:
Step 7: Enter the Username and hit the button Submit:
Step 8: Wallet has been activated successfully, now onward you can send or receive the crypto as well as you can swap the crypto using Coinbase wallet.
Coinbase Wallet is a type of hot wallet, to use it you must have a connection to the internet so that you can store, send, and receive crypto using this noncustodial wallet. Furthermore, it can hold your funds securely and give you full access to owning them. No third party is involved in this type of non-custodial wallet.