The Coinbase Wallet is a standalone app, that allows users to manage their private keys, store their crypto assets securely, and explore the decentralized web with a DApp browser. Not to be confused with the Coinbase app, which is also available on Coinbase.com, the wallet helps users to manage their own private keys and store their crypto assets directly on their devices.
Coinbase Wallet supports quite a number of digital assets such as Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and Ethereum Classic, and all your ERC20 tokens. Plus, you can interact with Ethereum DApps via its integrated DApp browser giving you access to decentralized exchanges, jobs, digital collectibles such as crypto kitties.
Users that already have a Coinbase account can easily transfer funds between Coinbase.com and the Coinbase Wallet but you don’t need to have an account to use the wallet.
Coinbase Browser Extension
Coinbase has now released their own Coinbase wallet extension allowing their users to download an extension into their chrome based browser, and easily and securely connect to DEFI and decentralized apps (Dapp) via the desktop.
Previously, the only way to connect your Coinbase wallet to the likes of UniSwap or Compound is by scanning a QR code using a mobile phone any time you want to connect to a Dapp. However, with the launch of the Coinbase wallet extension, this now works as a bridge to instantly access crypto apps, very similar to the way in which the MetaMask browser extension works.
Louise created the Every Bit Helps YouTube channel back in 2017, after finding the process of buying Bitcoin difficult. Therefore, in an aim to help others, she hopes that her tutorials will make the process of buying, selling and storing crypto a lot easier for newbies in the future.
After spending 20 years working in London in cyber security, she left the corporate life after having her second child in 2018. Louise now travels the world with her two small children trying to make the most out of life.
Hello,
Thank you for your tutorials about Coinbase, they are very helpful. I’m really new at this so I’d like to ask you for some help.
I have a question about Coinbase Wallet: I’ve created a Coinbase account and I’ve transfer a certain amount from my bank account to my Coinbase account (which is not there yet). If I transfer all of it to Coinbase Wallet I can buy or sell criptocurrency through Coinbase Wallet, correct?
How about withdrawals, can I withdraw money from Coinbase Wallet directly to my bank account or do I have to transfer it firstly to my Coinbase account and then to my bank account? Thank you for your help,
Cristina
With the Coinbase wallet you can convert from one cryptocurrency to another. However, you will need to use Coinbase.com the exchange to purchase and sell your Bitcoin and other cryptocurrencies to FIAT currencies and withdraw to your bank.
Thank you for this explanation. For the moment I only have a coinbase.com account with an address related to it. My funds were send to an coinbase adresse in a blockchain via third party and I’d like to request a refund of it. Is it correct that I only can ask a refund if I create a coinbase wallet and ask them to send the funds back to the address that will be created in the coinbase wallet ? Thank you for your swift answer.
Did you manage to resolve this?