How are Coinbase.com and Coinbase Wallet different?
Coinbase.com is a centralized cryptocurrency exchange that makes it easy for you to trade and store supported crypto.
Coinbase Wallet is a self-hosted wallet that lets you take full control of your crypto, digital art, and more by storing them privately and securely on your own device. Assets in Coinbase Wallet are not held by Coinbase. When you use Coinbase Wallet, your crypto is sent to a decentralized exchange that is not controlled by Coinbase. In Coinbase Wallet, your crypto is held by you and you are responsible for keeping your assets secure.
What are the perks to linking my Coinbase.com account to Coinbase Wallet?
With Coinbase Wallet, you can convert crypto that’s available on a decentralized exchange (DEX). A DEX is a third-party service like 1inch or Uniswap where you can convert your crypto without using a centralized exchange like Coinbase. When you use these services, you’re sending your crypto directly from your self-custodied Coinbase Wallet to a DEX service to execute a trade.
You will be prompted to download Coinbase Wallet when you select “Open Coinbase Wallet.” Download the app from the App Store for iOS or Google Play for Android to get started. If you already have the Coinbase Wallet app installed on your device, you will be taken to that asset page in the Wallet app to execute your trade.
Important: Assets in Coinbase Wallet are not held by Coinbase. When you use Coinbase Wallet, your crypto is sent to a decentralized exchange that is not controlled by Coinbase.
How do I transfer crypto from my Coinbase.com account to my Coinbase Wallet?
From your Coinbase Wallet Settings:
- Open Coinbase Wallet on your mobile device.
- Tap Settings > Buy or Transfer.
- Select the supported crypto.
- Enter the amount you want to transfer then tap Continue.
- Follow the remaining steps to complete your transfer.
For more information, check out this help article.
Trading on Coinbase Wallet
Can I buy the supported cryptocurrency listed on Coinbase Wallet from my Coinbase account?
The supported crypto on Coinbase Wallet may not be available for buying and selling on Coinbase.com. For all the supported crypto available to trade on Coinbase.com, sign in to your account and go to the Trade page. Learn more about why you see unsupported crypto on Coinbase.
What types of crypto are supported on Coinbase Wallet?
Wallet supports all ERC-20 tokens (including USDC and DAI), Bitcoin, Bitcoin Cash, Litecoin, XRP, Stellar Lumens, and Dogecoin.
Will crypto supported on Coinbase Wallet be supported on Coinbase?
There is no guarantee that crypto available on Coinbase Wallet will eventually be listed on Coinbase.com. In the meantime, we are continuing to add support for more cryptocurrencies on our platform in accordance with our listing framework.
Why are the fees different for Coinbase Wallet trading compared to Coinbase.com?
Coinbase Wallet currently charges a fee on all conversions. This fee is displayed on the transaction confirmation page along with the miner fee(s) used to pay the network costs associated with the conversion. The fee Coinbase Wallet charges goes towards maintaining this feature and in building future product features.
For more information about trading on Coinbase Wallet, see this help article.
Secure your Coinbase Wallet
What is a recovery phrase and why is it important?
A recovery phrase is a list of 12 words that represent the private keys to your wallet, also known as a “seed.” This means that if you lose your recovery phrase, that you will lose your wallet. Coinbase Wallet is a user-controlled, non-custodial product, and the recovery phrase is what gives you—and only you—access to your Coinbase Wallet.
To back up your recovery phrase:
Go Settings at the bottom of your screen.
Tap Recovery phrase to back it up on the cloud or manually.
Follow the remaining prompts.
We built an encrypted Google Drive and iCloud seed backup feature to help address instances of seed loss. We encourage you to use this prior to trading.
For your security, Coinbase Wallet will never have access to this recovery phrase, so we cannot move crypto on your behalf nor can we help you access the digital assets in your Coinbase Wallet should you lose your recovery phrase.
How can I ensure the security of my crypto on Coinbase Wallet?
Coinbase Wallet currently offers an App Lock feature to help secure your account. Follow the steps below to enable this feature:
Go to Settings.
Under the Security section, tap App Lock.
Toggle the requirement on that you want to enable.
To change your lock method, tap the option at the top and choose between the Biometric or PIN options. This also ensures that you don’t lose access to your account if you forget or lose access to your PIN credentials.
Visit the Coinbase Wallet Help Center for more information.
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