How To Create Coinbase Wallet
How To Create Coinbase Wallet – Store Bitcoin Securely
How to create Coinbase wallet, process to create coinbase wallet, Process to recover coinbase wallet,
Hello Guys, Hope you are doing well. today we will discuss an important topic How To Create Coinbase wallet for free. We all know Bitcoin and other crypto currencies become popular day by day. As crypto mass adaption increase you must have to acknowledge that how securely store your crypto assets like Bitcoin? lots of platform offering crypto storage facilities , but most of them not so trusted. people are now understand that Bitcoin and other crypto currencies will change existing financial ecosystem in future.
Many people store there crypto currencies in crypto exchange. Previously we saw many exchange hacking cases and many people lost there assets . Storing crypto in mobile wallet is always convenient , easy and secure. Although Hardware wallet is best option to store crypto currencies. we must share best hardware wallet to store your crypto currencies but as of now we describe about one of the most trusted crypto wallet in the world.
[Also Read: How To Earn Money Online-Easy to earn Money Online]
About Coinbase?
- Coinbase is a crypto wallet and DApp Browser where you securely store you bitcoin , ether , ERC20 Tokens and more
- You can send and received bitcoin(BTC) ,bitcoin cash(BCH) , ether(ETH) , litecoin (LTC), XRP , XTZ, And ERC20 , ERC721 Collectibles.
- You remain full control of your private keys , Which are stored on your device using secure element technology.
- Coinbase never access your funds.
- you can access web3.O Decentralized application (DApp) powered by ethereum smart contract.
- Send your crypto currency to anyone , anywhere in the world.
- you can generate multiple crypto Currency in one app.
- Now you can lend , Borrow and stake your crypto currency in coinbase. Coinbase now supporting DeFi (Decentralized finance) protocols like compound ,dYdX etc.
- You can easily restore Coinbase wallet usign backup phrase , If you lost your drvice access from other devices
How to create Coinbase wallet
- First of all download Coinbase Wallet from Google Playstore or Apple App store.
- After successfully install Open Coinbase wallet.
- And read terms and condition and privacy policy carefully and then click on Accept.
- In the next page you need to create a user name
- Now you have to choose privacy preferences between public or private (recommended select public so other wallet user can search for your username and send you crypto. Otherwise if you select public then other user can’t search your username).
- To protect your wallet add an extra layar of security to keep your crypto safe. You can use fingerprint or pin. If you don’t have fingerprint in your mobile phone simply create a pin and remind it.
- Done! your coinbase wallet is created successfully. Now you can send receive BTC , ETH , XRP , BCH , LTC , and other crypto currency.
Important notes:
You must store your 12 words recovery phrase for restore your wallet. If you lost your device then you can restore your wallet by recovery phrase.
Follow Below steps to store recovery phase:
- Go to Setting
- Now click on recovery phrase
- Enter 5 digit pin or fingerprint
- you will see your 12 words recovery phrase
- Simply click on Backup on Google Drive.
- Now select your Google account.
- In the next page you will see “Coinbase wallet want to access your google account”.Just Click on Allow (you will see it at down right corner)
- Next you see a page to create password for cloud backup (remember and note down your password at a safe [lace].Then click I Understand.
- Set your password and click next
- Done! Your recovery phrase backed up in your google drive
- you can backup recovery phrase manually
- Note Down 12 words recovery phrase and keep it in a safe place.
- If you lost your recovery phrase you might loss your digital asset
How To Restore Your Coinbase Wallet
In case your mobile device lost or damaged you should know how to recover or restore your Coinbase wallet in a new device. so we will guide step by step how to recover your Coinbase wallet in a new device
- First of all install Coinbase wallet in your new mobile device.
- Open Coinbase wallet in your new device.
- Click on I already have a wallet.
- Now you will see Two option for recover your wallet.
- Choose one of them. If you store your backup phrase in your google drive click on Restore From Google Drive. And If you not backup on google drive click on Restore With Recovery Phrase.
- If you Restore by google drive , have to choose your google account and enter your password. For restore your wallet by recovery phrase you need to enter 12 words phrase manually.
- Next page you will see Protect Your Wallet. Choose one option between Fingerprint or 5 digits pin.
- Click on Got It. If you have Coinbase Exchange you can connect with your coinbase wallet. If not click on later.
- DONE!!! Your Coinbase wallet is successfully restore.
How To Send Or Receive Bitcoin And Other Crypto Currencies
Now follow the steps to send or receive your digital assets. If you already use coinbase wallet before you must know it. We Guide For new user who will use fast time ever Coinbase wallet
- Open your Coinbase wallet
- For store crypto assets in your coinbase wallet click on Receive
- Now You will see list of crypto currencies. Choose one which will want to deposit on.
Coinbase wallet receive crypto
- Next page you will see your receive address. Just Copy your address and send your crypto from another wallet or exchange.
- If you have fund in your Coinbase wallet and to send crypto to your other wallet or exchange click on Send Button.
- Choose crypto which you like to send.
- Now put your recipient address and enter amount how many want to send.
- Enter your 5 Digit pin Or fingerprint as security.
- Done!!
Earlier we said store crypto currencies in exchange or Unknown crypto wallet always be risky. We understand how valuable your hard earn money. So we request you to store your crypto in Safe wallet like coinbase wallet. Please follow above steps carefully, one little mistake can effect you Badly. Never share your privet key with others. Control your privet key means you have fully control to your fund. If you lost your fund by mistake, can not recover again.
Hope This article will be helpful for you. IF you have any quaries fell free to comment below or email us. We will be happy to help you.
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