What’s the difference between the Coinbase app and the Coinbase Wallet app?
The Coinbase app (available on iOS and Android) is the company’south product for individuals looking to buy or sell cryptocurrencies, also available at Coinbase.com. It is an easy, secure, regulated on-ramp to crypto using US dollars or other local fiat currencies. You can safely shop crypto on Coinbase so you don’t have to worry most managing your own individual keys. Coinbase.com and the mobile apps are available in more 100 countries.
The Coinbase Wallet app is a divide, standalone app that allows users to shop, or custody, their own crypto, and explore the decentralized spider web with a dapp browser. You do not need a Coinbase account to use the Coinbase Wallet app. Coinbase Wallet helps users manage their own private keys and store their crypto assets directly on their devices, non with a centralized brokerage or substitution. You lot cannot connect Coinbase Wallet to your bank account to buy or sell cryptocurrencies with The states Dollars or other fiat currencies. You can download and employ Coinbase Wallet anywhere in the earth.
Why should I utilise Coinbase Wallet?
Coinbase Wallet is a software product that gives y’all access to a broad spectrum of decentralized innovation – buy and store ERC-20 tokens, participate in airdrops and ICOs, collect rare digital art and other collectibles, scan decentralized apps (DApps), shop at stores that take cryptocurrency, and transport crypto to anyone around the world.
If you’re looking to simply invest in digital currency – Coinbase Consumer at coinbase.com remains the easiest place to buy, sell, and manage your digital currency.
Can I switch from my existing wallet app similar Metamask, MyEtherWallet, etc.?
Yeah, you lot can. Every wallet uses a private key to secure its avails which y’all can import into Coinbase Wallet. Just look for the 12 word recovery phrase or mnemonic in the settings menu of your current wallet and and then use that aforementioned 12 discussion phrase to sign into Coinbase Wallet.
How practise I protect against losing access to my funds?
Coinbase Wallet is a user-controlled, not-custodial product. The app generates a 12 word recovery phrase which is what gives you, and only you lot, admission to your account to movement received funds. Coinbase will never have admission to this seed, pregnant that we cannot move funds on your behalf even if yous lose admission to your recovery phrase.
Nosotros built an encrypted Google Drive and iCloud recovery phrase fill-in characteristic to assistance protect against seed loss. Nosotros encourage you to back up your recovery phrase using both the deject backup characteristic also equally writing downwards your recovery phrase and storing it in a secure location. To access the fill-in features, tap
Settings, and then
Tin I transfer funds between Coinbase.com and Coinbase Wallet?
Yeah you can transfer funds between both products at any time. You can link your Coinbase.com account to Coinbase Wallet from the settings page of your Coinbase Wallet app.
Connecting your accounts allows you to apace and hands motility funds between your Coinbase.com and Coinbase Wallet accounts. To transfer funds from Coinbase.com to Coinbase Wallet go to
in your Coinbase Wallet app and select
Transfer. To transfer funds from Coinbase Wallet to Coinbase.com click
on the Coinbase Wallet app home screen beneath your balance. Then select the currency and amount you’d like to transfer. When prompted to enter the address yous would like to send to, select
All transfers betwixt your Coinbase.com and Coinbase Wallet account are non instant transactions. They are completed on-concatenation and require confirmation on the network before existence processed. All transfers from Coinbase Wallet to Coinbase.com will be subject to Coinbase.com’s availability to withdraw periods and any restrictions outlined in Terms
What should I remember when sending or receiving cryptocurrency?
If you are sending an ERC-twenty token (eg. USDC, DAI, BAT, MKR etc.): You will need ETH in your Coinbase Wallet account in order to pay a miner’s fee when sending this cryptocurrency. This is considering ERC-20 tokens are issued on the Ethereum blockchain and transactions on the Ethereum network, such as sending ERC 20 tokens, crave Ether.
You lot can send cryptocurrency using a cryptocurrency address, Coinbase Wallet username, or ENS (Ethereum Name Service for ETH/ERC-twenty). Coinbase Wallet does non support sends to email addresses.
All Coinbase Wallet transactions are processed on the blockchain. In the event you send funds to the wrong accost, Coinbase Wallet volition not exist able to recover funds.
Shop all your crypto and NFTs in one identify
Trade 500+ avails on DEXes and earn interest
No Coinbase account required