How To Send Crypto To Coinbase Wallet

What’s the difference between the Coinbase app and the Coinbase Wallet app?

The Coinbase app (available on iOS and Android) is the company’s product for individuals looking to buy or sell cryptocurrencies, also available at Coinbase.com. It is an piece of cake, secure, regulated on-ramp to crypto using Us dollars or other local fiat currencies. Yous can safely store crypto on Coinbase so you don’t take to worry about managing your own individual keys. Coinbase.com and the mobile apps are available in more than 100 countries.

The Coinbase Wallet app is a separate, standalone app that allows users to store, or custody, their own crypto, and explore the decentralized spider web with a dapp browser. Y’all do not demand a Coinbase business relationship to employ the Coinbase Wallet app. Coinbase Wallet helps users manage their own private keys and shop their crypto assets directly on their devices, not with a centralized brokerage or exchange. Y’all cannot connect Coinbase Wallet to your bank business relationship to buy or sell cryptocurrencies with US Dollars or other fiat currencies. You can download and use Coinbase Wallet anywhere in the world.

Why should I utilize Coinbase Wallet?

Coinbase Wallet is a software product that gives you access to a wide spectrum of decentralized innovation – buy and shop ERC-xx tokens, participate in airdrops and ICOs, collect rare digital fine art and other collectibles, browse decentralized apps (DApps), shop at stores that take cryptocurrency, and send crypto to anyone effectually 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.

Tin can I switch from my existing wallet app like Metamask, MyEtherWallet, etc.?

Yep, yous can. Every wallet uses a private key to secure its avails which you lot can import into Coinbase Wallet. Just look for the 12 discussion recovery phrase or mnemonic in the settings menu of your current wallet and and so use that same 12 give-and-take phrase to sign into Coinbase Wallet.

How do I protect confronting losing access to my funds?

Coinbase Wallet is a user-controlled, non-custodial product. The app generates a 12 word recovery phrase which is what gives you, and only you, admission to your business relationship to move received funds. Coinbase volition never take access to this seed, meaning that nosotros cannot move funds on your behalf fifty-fifty if you lose admission to your recovery phrase.

We built an encrypted Google Drive and iCloud recovery phrase backup feature to help protect against seed loss. Nosotros encourage you lot to support your recovery phrase using both the deject fill-in feature as well as writing down your recovery phrase and storing it in a secure location. To access the backup features, tap
Settings, and then
Recovery Phrase.

Can I transfer funds betwixt Coinbase.com and Coinbase Wallet?

Yep you can transfer funds betwixt both products at whatsoever time. You can link your Coinbase.com account to Coinbase Wallet from the settings folio of your Coinbase Wallet app.

Connecting your accounts allows you to quickly and easily move funds between your Coinbase.com and Coinbase Wallet accounts. To transfer funds from Coinbase.com to Coinbase Wallet go to
Settings
in your Coinbase Wallet app and select
Transfer. To transfer funds from Coinbase Wallet to Coinbase.com click
Send
on the Coinbase Wallet app dwelling house screen below your rest. Then select the currency and amount you’d like to transfer. When prompted to enter the address you lot would similar to send to, select
Coinbase
under suggested.

All transfers between your Coinbase.com and Coinbase Wallet account are not instant transactions. They are completed on-chain 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 whatever restrictions outlined in Terms

What should I recollect when sending or receiving cryptocurrency?

If you are sending an ERC-20 token (eg. USDC, DAI, BAT, MKR etc.): You will need ETH in your Coinbase Wallet account in guild 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, require Ether.

Yous can send cryptocurrency using a cryptocurrency accost, Coinbase Wallet username, or ENS (Ethereum Proper name Service for ETH/ERC-twenty). Coinbase Wallet does not back up sends to e-mail addresses.

All Coinbase Wallet transactions are candy on the blockchain. In the event you lot send funds to the incorrect address, Coinbase Wallet will not be able to recover funds.