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What's Coinbase Wallet ?
Coinbase Wallet is a self-custody wallet that allows you to have full control over your cryptocurrency. This implies that your Wallet's private keys (which signify cryptocurrency ownership) are held on your mobile device rather than on a centralized exchange like Coinbase.com.
Coinbase Wallet is your passport to the cryptocurrency world.
- All of your crypto and NFTs will be kept in one place.
- Hundreds of thousands of tokens and a vast array of dapps are supported.
- Use your phone or browser to explore the decentralized web.
- With industry-leading protection, you can keep your digital assets safe.
Coinbase Earn
Coinbase Earn is an easy-to-use, instructive, and rewarding platform.
Customers who watch a few films about cryptocurrency and take a quick quiz will be rewarded with a small amount of that cryptocurrency!
What kind of cryptocurrency are accepted?
Visit Coinbase Earn to check which cryptocurrencies are currently included in the program. On a regular basis, we add new cryptos.
Is Coinbase Earn available to me ?
To be eligible for Coinbase Earn, you must meet the following criteria:
1. Make sure your personal information is correct (your date of birth and address must be entered and verified).
2. Verify all of your photos. Earn requires additional verification, so even if you've completed ID and photo verification before, you may be asked to do it again when you start an Earn campaign (if prompted, select Verify your photo).
3. Be a citizen of one of the following countries: Austria, Australia, Belgium, Bulgaria, Canada, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Greece, Hong Kong, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, New Zealand, Poland, Portugal, Romania, Singapore, Slovakia, Slovenia, Spain, Sweden, Switzerland, Taiwan, Turkey, United Kingdom, or United States.
Referrals
By referring others to Coinbase Earn using a referral link, you can earn extra crypto on select Earn opportunities. You only get paid in cryptocurrency if someone you refer does the following:
(1) Accept your invitation by entering through your referral link.
(2) Have or create a Coinbase.com account that qualifies.
(3) Do not reside in a country where Coinbase.com does not list the underlying cryptocurrency.
(4) Completing at least one assignment for the Earn campaign to which they were referred is required.
Coinbase maintains the right to amend the referral program's terms, qualifying criteria, and rewards at any time and for any reason.
Coinbase Wallet FAQ
What makes the Coinbase app different from the Coinbase Wallet app ?
Coinbase's offering for individuals wishing to buy or trade cryptocurrencies is the Coinbase app (available on iOS and Android), which is also available at Coinbase.com.
It's a simple, safe, and regulated way to get started with crypto using US dollars or other local fiat currencies. You don't have to worry about managing your own private keys if you keep crypto on Coinbase. More than 100 nations have access to Coinbase.com and its mobile apps.
The Coinbase Wallet app is a unique, standalone software that allows users to store or control their own cryptocurrency and utilize a dapp browser to explore the decentralized web.
To use the Coinbase Wallet app, you don't need a Coinbase account. Instead of using a centralized brokerage or exchange, Coinbase Wallet allows customers to maintain their own private keys and keep their crypto assets directly on their devices.
To purchase or sell cryptocurrencies with US Dollars or other fiat currencies, you must connect Coinbase Wallet to your bank account. Coinbase Wallet is available for download and usage anywhere in the world.
What are the benefits of using Coinbase Wallet?
Coinbase Wallet is a software application that allows you to buy and store ERC-20 tokens, engage in airdrops and ICOs, collect rare digital art and other collectibles, browse decentralized apps (DApps), shop at cryptocurrency-accepting retailers, and send cryptocurrency to anybody in the world.
If you just want to invest in digital currency, Coinbase Consumer at coinbase.com is still the most convenient way to buy, sell, and manage your digital currency.
Is it possible to switch from my current wallet program, such as Metamask or MyEtherWallet ?
Yes, you certainly can.
To secure its assets, every wallet needs a private key, which you may import into Coinbase Wallet. Simply check for the 12 word recovery phrase or mnemonic in the settings menu of your current wallet, and then sign into Coinbase Wallet with that same 12 word phrase.
How can I ensure that I don't lose access to my funds ?
Coinbase Wallet is a non-custodial, user-controlled product.
The program creates a 12-word recovery phrase that grants you and only you access to your account, allowing you to move monies received.
Coinbase will never have access to this seed, which means that even if you lose access to your recovery phrase, we will be unable to move funds on your behalf.
To further prevent against seed loss, we designed an encrypted Google Drive and iCloud recovery phrase backup option.
We recommend that you back up your recovery phrase using both the cloud backup tool and writing it down and storing it in a secure area. Tap Settings, then Recovery Phrase to get to the backup options.
Is it possible to move money between Coinbase.com and Coinbase Wallet ?
Yes, you can switch between the two items at any moment. From the settings page of your Coinbase Wallet app, you can link your Coinbase.com account to Coinbase Wallet.
Connecting your accounts allows you to transfer money between your Coinbase.com and Coinbase Wallet accounts fast and simply.
Go to Settings in your Coinbase Wallet app and click Move to transfer funds from Coinbase.com to Coinbase Wallet. Click Send on the Coinbase Wallet app home screen, underneath your balance, to send funds from Coinbase Wallet to Coinbase.com.
Then choose the currency and amount you want to send. When prompted to enter the recipient's address, choose Coinbase from the drop-down menu.
All transactions between your Coinbase.com and Coinbase Wallet accounts are not immediate.
They are finished on the blockchain and require network confirmation before being processed.
All transfers from Coinbase Wallet to Coinbase.com are subject to Coinbase.com's withdrawal availability and any restrictions mentioned in the Terms of Service.
When transferring or receiving cryptocurrency, what should I keep in mind ?
If you're sending an ERC-20 token (such as USDC, DAI, BAT, MKR, or others), follow these steps: When sending this coin, you'll need ETH in your Coinbase Wallet account to pay a miner's fee.
This is due to the fact that ERC-20 tokens are issued on the Ethereum blockchain, and Ethereum network transactions, such as transmitting ERC 20 tokens, require Ether.
A bitcoin address, Coinbase Wallet username, or ENS (Ethereum Name Service for ETH/ERC-20) can all be used to send cryptocurrency. Sending to email addresses is not possible with Coinbase Wallet.
The blockchain is used to process all Coinbase Wallet transactions. Coinbase Wallet will not be able to retrieve payments if you send money to the wrong address.
Tag:
Crypto-Wallets
