Coinbase Chrome Extension

Whether you're looking to buy, sell, or informed, this versatile extension has you covered. Simplify your crypto journey and unlock the potential of your digital assets with Coinbase Extension.

With the Coinbase Chrome Extension, you're always in the know about the latest trends and developments in the crypto world. Receive instant notifications about price changes, market fluctuations, and news updates directly within your browser. Stay ahead of the curve and make informed decisions with confidence.

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.

Affiliate Services

Crypto asset storage

Coinbase’s mobile wallet does a good job of sending and receiving. The wallet can support nearly all digital assets on the market, discover decentralized applications and manage their Polygon-based Ethereum and NFT.

Buy and sell crypto assets

Through the app’s decentralized exchange feature, users may immediately trade assets based on Ethereum and Polygon. The in-app cryptocurrency buying feature enables the purchase of non-Ethereum and Polygon assets. Users of Coinbase Wallet can also stake their cryptocurrency holdings to earn interest on them.

The payment methods you use on the Coinbase exchange are connected to the buying feature in Coinbase Wallet. In order to connect to your bank, Coinbase uses Plaid.

Swap

The swap experience (exchanging one token for another) works the same as it does on a Chrome extension. There is no adjustment to slippage, but the swaps execute smoothly.

Bridge

Coinbase Bridge allows you to move cryptocurrencies across blockchains. Transactions take a few minutes.

Ledger Support

One downside to using Ledger with Coinbase Wallet is that you have to start with a new Coinbase Wallet. With MetaMask you can connect to an existing wallet (but Ledger adds a new account).

Fee

Downloading and storing your digital assets on Coinbase Wallet is free. However, transactions such as depositing or withdrawing from wallets to external wallets are not free. The purchase, sale or exchange of coins incurs additional fees. You also have to pay a spread for each crypto buy/sell order.

There are no fees for transactions made between two Coinbase wallets. For other wallets, you will only pay the network fee, which varies depending on the token and network demand at that particular time.

If you connect your Coinbase Wallet to your Coinbase account to trade, you will be charged a fee of 0.5% to 4.5% for transactions depending on the token, volume, and payment method. maths.

You will pay a flat fee of 1% if you want to exchange one token for another in your Coinbase wallet.

Compared to other wallets, Coinbase fees are relatively high. However, users can choose to customize how much they pay for network (miner) fees, depending on how long they are willing to wait for their transaction to be processed.

How to set up a Coinbase wallet

I set up a new wallet using the Coinbase Wallet Chrome extension. Here’s a step-by-step guide.

Step 1: Download and install the Coinbase Wallet extension.

Visit Coinbase for the official download link. The link takes you to the Chrome extension installation page. Add the extension to your Chrome or Chromium-based browser.

Step 2: Create a new wallet.

Click on create new wallet. You can use the second option to install your wallet on additional devices later if needed.

Step 3: Write down your recovery phrase.

Your wallet will generate a 12-word recovery phrase as well as a hidden private key. Write down the recovery phrase and store it safely. Although Coinbase Wallet offers the option to copy the seed phrase to your clipboard, for security reasons, this isn’t recommended.

Step 4: Verify your recovery phrase and choose a password.

Choose the first and last word from your recovery phrase. On the next screen, you’ll also choose a password to protect your wallet while away from your computer.

Step 5: Claim your username.

Coinbase Wallet offers a free Ethereum Name Service (ENS) username using this format: yourname.cb.id. Others can send supported crypto tokens directly to your username, which maps to your wallet address. You can also import a .eth name if you have one.

That’s it. Click on the Buy button to connect to your Coinbase Pay account if needed.

Privacy and Anonymity

Because the Coinbase Wallet is entirely self-custodial, the user is in charge of ensuring the security of their assets. As no personal information, including an email address or phone number, is required to utilize the Coinbase Wallet, the wallet also has a high level of anonymity. You can choose whether or not you want your username and profile to be searchable in terms of usernames.

Conclusion

This pocket wallet is ideal for those who are new to e-wallets with its simple interface or anyone who prioritizes security and enjoys exploring the Web3. Traders who prefer to switch between simple and pro mode will also find Coinbase useful.

Coinbase Wallet offers several advantages over its main competitor, MetaMask, by providing support for Bitcoin, Litecoin, and several other cryptocurrencies. However, these additional cryptocurrencies are only accessible through mobile wallets, which feels a bit clunky at times. Another minus point is that its transaction fees are a bit high compared to other wallets on the market.

Coinbase’s seed phrase system ensures maximum security. However, this seed phrase must be kept safe. Coinbase allows you to automatically backup your seed phrase to Google Drive, which is very useful for users who may forget about it.

For basic sending and receiving as well as trouble-free swaps, Coinbase’s mobile wallet is a solid choice, while the Chrome extension provides a reliable way to discover web3 on the desktop.