How To Add A Bitcoin Wallet To The Coinbase App

Coinbase Wallet FAQ

What's the divergence betwixt the Coinbase app and the Coinbase Wallet app?

The Coinbase app (available on iOS and Android) is the company'south production for individuals looking to buy or sell cryptocurrencies, besides 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 store crypto on Coinbase so you don't have to worry about managing your ain 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 web with a dapp browser. Yous exercise non need a Coinbase account to use the Coinbase Wallet app. Coinbase Wallet helps users manage their own private keys and shop their crypto assets straight on their devices, non with a centralized brokerage or exchange. Y'all cannot connect Coinbase Wallet to your bank account to buy or sell cryptocurrencies with US Dollars or other fiat currencies. You lot tin download and employ Coinbase Wallet anywhere in the world.

Why should I apply 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 fine art and other collectibles, browse decentralized apps (DApps), shop at stores that accept cryptocurrency, and send 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 like Metamask, MyEtherWallet, etc.?

Yep, yous can. Every wallet uses a private key to secure its assets which you lot can import into Coinbase Wallet. Only expect for the 12 word recovery phrase or mnemonic in the settings menu of your electric current wallet and then use that aforementioned 12 word phrase to sign into Coinbase Wallet.

How do I protect confronting losing admission to my funds?

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

We built an encrypted Google Bulldoze and iCloud recovery phrase backup feature to help protect against seed loss. Nosotros encourage y'all to back upward your recovery phrase using both the deject backup characteristic also as writing down your recovery phrase and storing it in a secure location. To access the fill-in features, tap Settings, and and then Recovery Phrase.

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

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

Connecting your accounts allows you lot to rapidly and hands movement 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 Transport on the Coinbase Wallet app home screen below your balance. Then select the currency and amount you'd like to transfer. When prompted to enter the accost you would similar to transport 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 candy. 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 y'all are sending an ERC-20 token (eg. USDC, DAI, BAT, MKR etc.): You will need ETH in your Coinbase Wallet account in gild to pay a miner's fee when sending this cryptocurrency. This is because ERC-twenty tokens are issued on the Ethereum blockchain and transactions on the Ethereum network, such as sending ERC 20 tokens, require Ether.

You can send cryptocurrency using a cryptocurrency accost, Coinbase Wallet username, or ENS (Ethereum Name Service for ETH/ERC-20). Coinbase Wallet does non back up sends to email addresses.

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