. Creating a New Wallet
Open the Coinbase Wallet extension by clicking on its icon in the browser toolbar. Select the option to create a new wallet. You will be prompted to create a strong password. This password will be used to access your wallet, so make sure it is both secure and memorable.
. Backing Up Your Seed Phrase
The extension will generate a 12-word seed phrase. This seed phrase is essential for recovering your wallet if you forget your password or need to restore access on a new device. Write down your seed phrase on paper and store it in a secure location. Do not store it digitally or share it with anyone, as this phrase grants full access to your wallet.
. Confirming Your Seed Phrase
After writing down your seed phrase, the extension will ask you to confirm it by selecting the words in the correct order. This step ensures you have accurately saved your seed phrase and can recover your wallet if necessary.
. Unlocking Your Wallet
Open the Coinbase Wallet extension and enter the password you created during the setup process. This will unlock your wallet and grant you access to your assets and features.
. Connecting to Coinbase Account (Optional)
For added convenience, you can link your Coinbase Wallet to your Coinbase account. This allows for easy transfer of funds between your wallet and Coinbase exchange.
. Viewing Your Assets
After logging in, you can view your cryptocurrency balances directly from the extension. Coinbase Wallet supports a wide range of digital assets including Bitcoin, Ethereum, and various ERC-20 tokens. The main dashboard provides a clear overview of your holdings.
. Sending Cryptocurrency
To send cryptocurrency, click the "Send" button. Enter the recipient’s address, specify the amount you wish to send, and confirm the transaction. Double-check all transaction details before proceeding to ensure accuracy.
. Receiving Cryptocurrency
To receive cryptocurrency, click the "Receive" button. This will display your wallet address, which you can share with the sender. They can use this address to transfer funds to your Coinbase Wallet.
. Interacting with dApps
The Coinbase Wallet extension allows you to interact with decentralized applications (dApps) directly from your browser. You can explore dApps related to finance, gaming, marketplaces, and more. This functionality enables you to participate in the decentralized ecosystem seamlessly.
. Swapping Tokens
The extension includes a built-in feature for swapping tokens directly within your wallet. Select the tokens you want to swap, review the conversion rate, and confirm the transaction. This feature makes it easy to exchange tokens without leaving the Coinbase Wallet interface.