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Wallet Setup: Coinbase Wallet

Cryptocurrency Wallet from the global powerhouse

Joe avatar
Written by Joe
Updated this week

1. Download the Coinbase Wallet App

  • Visit the App Store (iOS) or Google Play Store (Android) and search for "Coinbase Wallet."

  • Download and install the Coinbase Wallet app (this is different from the Coinbase exchange app).

2. Create a New Wallet

  • Open the App: After installation, launch the Coinbase Wallet app.

  • Create New Wallet: Select "Create New Wallet."

  • Agree to Terms: Review and accept the terms of service.

3. Set Up Your Wallet Username

  • Create Username: You’ll be asked to choose a unique username, which will allow others to send you crypto easily.

  • Privacy Option: You can opt to keep your username private if you don’t want it visible to others.

4. Backup Your Recovery Phrase

  • The app will generate a 12-word Recovery Phrase.

  • Important: Write down this phrase and store it somewhere safe. It’s your only way to recover your wallet if you lose your device.

  • Confirm the Recovery Phrase: You’ll be prompted to enter the words in the correct order to verify.

5. Set a Password or Biometric Lock

  • Set up a password, PIN, or enable biometric security (like Face ID or fingerprint) for added security on your device.

6. Fund Your Wallet

  • You can add crypto by purchasing through Coinbase, or by transferring crypto from another wallet or exchange.

  • Click "Receive": This will display your wallet address for sending funds into your Coinbase Wallet.

7. Explore dApps and NFTs

  • Coinbase Wallet supports decentralized apps (dApps) and NFTs such as the LFJ exchange: https://lfj.gg/avalanche

  • You can connect your wallet to dApps by selecting the “Browser” tab in the app and entering the URL of the dApp you want to use.

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