How To Send From Coinbase To 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, likewise bachelor at Coinbase.com. It is an like shooting fish in a barrel, secure, regulated on-ramp to crypto using US dollars or other local fiat currencies. You can safely shop crypto on Coinbase so you lot don’t accept to worry near 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. You do non demand a Coinbase business relationship to apply the Coinbase Wallet app. Coinbase Wallet helps users manage their own individual keys and store their crypto assets straight on their devices, not with a centralized brokerage or exchange. Yous cannot connect Coinbase Wallet to your bank account to buy or sell cryptocurrencies with US Dollars or other fiat currencies. Y’all can download and use Coinbase Wallet anywhere in the earth.

Why should I use Coinbase Wallet?

Coinbase Wallet is a software product that gives you access to a wide spectrum of decentralized innovation – purchase 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 accept cryptocurrency, and transport crypto to anyone around the world.

If you lot’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.?

Yes, 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 word recovery phrase or mnemonic in the settings card of your current wallet and and then apply that same 12 give-and-take phrase to sign into Coinbase Wallet.

How do I protect against losing access to my funds?

Coinbase Wallet is a user-controlled, non-custodial product. The app generates a 12 discussion recovery phrase which is what gives you, and only yous, access to your account to motility received funds. Coinbase will never have admission to this seed, significant that we cannot move funds on your behalf even if you lose access to your recovery phrase.

We built an encrypted Google Drive and iCloud recovery phrase backup feature to help protect against seed loss. We encourage you to back up your recovery phrase using both the deject fill-in characteristic too equally writing down your recovery phrase and storing information technology in a secure location. To access the fill-in features, tap
Settings, and and then
Recovery Phrase.

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

Yes you lot can transfer funds between both products at any time. Yous tin link your Coinbase.com account to Coinbase Wallet from the settings page of your Coinbase Wallet app.

Connecting your accounts allows you to rapidly and hands move funds betwixt 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
Transport
on the Coinbase Wallet app dwelling screen beneath your rest. Then select the currency and amount you’d like to transfer. When prompted to enter the address you would like 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 being processed. All transfers from Coinbase Wallet to Coinbase.com will be bailiwick to Coinbase.com’south availability to withdraw periods and any restrictions outlined in Terms

What should I call back when sending or receiving cryptocurrency?

If you lot are sending an ERC-20 token (eg. USDC, DAI, BAT, MKR etc.): You will need ETH in your Coinbase Wallet account in social club to pay a miner’south fee when sending this cryptocurrency. This is because ERC-20 tokens are issued on the Ethereum blockchain and transactions on the Ethereum network, such as sending ERC 20 tokens, require Ether.

Y’all can ship cryptocurrency using a cryptocurrency accost, Coinbase Wallet username, or ENS (Ethereum Name Service for ETH/ERC-20). Coinbase Wallet does not back up sends to e-mail addresses.

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