Coinbase Chrome Extension

Discover a new level of crypto convenience with Coinbase Chrome Extension. Streamline portfolio management, track prices in real-time, and execute trades seamlessly – anytime, anywhere.

How it works?

Coinbase Wallet uses BIP39, the industry standard, to generate a 12-word recovery phrase. This recovery phrase is the key to your wallet. Anyone with the recovery phrase can recreate your purse and take control of your crypto assets, so you should store it carefully.

In the background, a 12-word phrase associated with a private key (a long string of letters and numbers) allows you to control your wallet assets on the blockchain.

The wallet also uses the public key to generate the wallet address. Coinbase Wallet supports multiple networks (on mobile) and multiple accounts so that you can have multiple addresses.

All your Coinbase Wallet assets share the exact 12-word recovery phrase.

Coinbase Wallet is a hot wallet, meaning that the keys of the wallet are generated and stored on a device connected to the internet. You can connect your Ledger hardware wallet (cold wallet that generates offline private keys) to your Coinbase Wallet to further secure your assets. However, it would be best to do this with the new Coinbase Wallet using the Chrome extension.

When you send cryptocurrency or connect to a decentralized application, your wallet will ask permission to “sign” the transaction with your private key. Put, your wallet acts as a validator.

Who is Coinbase Wallet suitable for?

• Current Coinbase exchange users. If you already use Coinbase to trade and need a wallet to store your tokens, then Coinbase Wallet is an ideal solution, as it integrates seamlessly with the trading platform. You can also cut transaction fees by transferring money between Coinbase Wallet and Coinbase accounts compared to other wallet apps.

• People with diversified crypto portfolios. The Coinbase wallet supports thousands of tokens, from popular ones like Ethereum and Solana to less popular ones like Zora. Coinbase Wallet can be a solid place to store your tokens if you have a crypto portfolio spread across different assets.

• People who want to be in control of their assets. Coinbase Wallet is a self-managed wallet, so users retain control of their tokens and keys. No third party can forge money without your permission.

• NFT trader. Coinbase Wallet makes buying non-fungible tokens (NFTs) easy with your debit or credit card.