Coinbase wallet- A safe storehouse for your crypto assets

With the recent explosion in the popularity of cryptocurrencies, many have heard of terms like Bitcoin, Litecoin, and Ethereum, but are not aware of what they really mean. A cryptocurrency is a form of digital currency that uses encryption techniques to control the generation of units of currency and verify the transfer of funds, operating independently from a central hub.

It is also referred to as virtual money and it can be used to buy and sell things online at places like Coinbase, which we will cover in this article. Let’s get started!

If you are looking for a wallet where you can store your cryptocurrency, then Coinbase wallet is the place for you. This crypto wallet is used to send, receive, and store digital currency. If you’re new to Coinbase, then you’ll get some offers like free Bitcoin when you undergo Coinbase sign up and some additional benefits as well. With this wallet by your side, you can sell, buy, trade, send and receive Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.

Coinbase has been a staple in the cryptocurrency world since it was launched in the year 2012. The wallet service that it offers can be used on both desktop and mobile devices. To know more about this wallet, you can move to the next section.

What is a Coinbase wallet?

Coinbase wallet is a great way to keep track of everything in one place and manage everything securely as it generates a one-time address for each transaction. So, it allows you to store crypto in a safe environment. The wallet is easy to use, has a very beginner-friendly interface, and integrates with many cryptocurrency exchanges. You can use the Coinbase wallet for free on iOS or Android devices with varied capabilities.

Is Coinbase wallet free?

Downloading and adding the Coinbase wallet extension to your web browser or installing the mobile-friendly app is completely free. After setting up your wallet, you can start utilizing its benefits. However, for using some of its features where you are making transactions, you will need to pay a pre-set fee. This means, using the wallet features is not completely free.

How to use it?

Now, to get started with it, you’ll need to download it from App Store or Google play store and set up your wallet by providing the required details.
After that, you'll be asked to create a password (which must be at least 8 characters).
Next, you’ll need to set up two-factor authentication which will require one more layer of protection for logging into Coinbase Wallet or sending funds.
Then make sure that no one else knows what your backup phrase is because it gives them access too!
Just make sure you store it somewhere safe if you are not able to memorize it.
The next step is to link your bank account.

And now you can buy at least $10 worth of cryptocurrencies like Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Bitcoin Cash (BCH), and Ethereum Classic(ETC). After the completion of the verification process, your Coinbase Wallet would get credited with funds. If you don't know how to download the Coinbase Wallet extension/app, then you can follow the steps given below.

How to get the Coinbase Wallet desktop or mobile version?

On desktop:

Before I tell you the process to get Coinbase wallet on your web browser, please note that the wallet extension is only available for one web browser i.e. Chrome. To get the browser extension on your Chrome browser, you need to open the Chrome web store or you can also open the official Coinbase wallet website, and then get the wallet extension on your device.

On mobile:

On the other hand, if you wish to use this wallet on your mobile device, then you can download the Coinbase Wallet app on your device. For this, you can open the Google Play Store or Apple App Store and make a quick search for the app. Once you find it, you can select the "Get" or "Install" option.

Now, let's take a look at the process to sign into a Coinbase wallet.

Coinbase wallet login procedure

To get into your Coinbase wallet, the first thing that you need to do is open the Coinbase wallet on your device (either through the extension or the app). After opening it, you just need to enter the sign-in password in the given box. Once that is done, you can select the "Sign In" button.

This is how you can access your wallet easily. Once you get into your wallet, you can generate the Coinbase wallet address and start funding your wallet with supported crypto assets.

Ways to eliminate Coinbase wallet issues

Is the Coinbase wallet not working? Try out the following hacks:

The first check that you can make is to verify the Operational status of Coinbase wallet to understand whether the website is under maintenance or not
If you are looking for Coinbase Wallet Firefox and you are having issues with the same, then you should note that this wallet is not available for the Firefox web browser
One more thing that you can try doing is seeking Coinbase wallet support and discussing the issue with them

Conclusion:

in short, it would not be wrong to say that the Coinbase wallet could be the ultimate storehouse for dumping all your crypto assets safely. In case you were wondering how to get started with it, then you can refer to the details that I have mentioned in the sections above. Furthermore, I advise you to refer to the FAQs section where I have addressed some common queries of the users.