Coinbase extension- An effortless way to useCoinbase wallet
Crypto has already made a remarkable positionin the world and to explore this crypto world safely, the Coinbase wallet isthe key. With this key by your side, you can create a crypto wallet foryourself and then safely store crypto and NFTs in it. The wallet is availableas a Coinbase extension for Google Chrome and can also be used as a smartphoneapp allowing you to access the Defi world and decentralized apps safely.
To have a better understanding of thiswallet, take a stroll through this read further.
The key features of the Coinbase extensionare as follows
The following is the list of features thatyou'll get to use when you set up your access to the platform. After setting upyour wallet, you can:
· Make athorough exploration of the decentralized web with much confidence
· Incase you are looking forward to starting your own NFT collection, then thiswallet has got you covered
· Gainaccess to using the Decentralized financing features which in turn help you toearn yields
· Apartfrom storing and managing your crypto assets, you can also trade a hugecollection of tokens on decentralized exchanges
· Additionally,you can also make your crypto work the way you want
· Withinthe Coinbase extension, they have included the Coinbase Pay feature that allowsyou to convert your cash to crypto in around 90 countries of the world so thatyou can easily fund your Coinbase wallet whenever you want
· Apartfrom that, one can connect to a wide range of decentralized apps that are basedon the Ethereum or EVM-compatible networks. These networks may includeAvalanche, Polygon, BNB Chain, and many more
Downloading and installing the Coinbaseextension
To get started with using the Coinbase walletfunctionalities, you can either install the Coinbase extension or the walletapp on your device. To do so, here are the steps to be followed:
IMPORTANT: Make sure that you perform the following steps only from yourChrome web browser because this extension is currently only available forChrome users.
1. Firstof all, you need to navigate to the official website of the coinbase wallet
2. Thewebsite URL for the same is https://www.coinbase.com/wallet
3. Onceyou are there on the platform, you can simply select the "Download"button
4. Toproceed further, choose the "Download for Chrome" option
5. The Chromeweb store opens where you'll see the option to get the Coinbase extension
6. Onthis page, select the option referred to as "Add to Chrome"
7. Rightafter this, you can choose the "Add extension" option to confirm youraction
How to set up a new wallet on the Coinbaseextension?
After downloading the Coinbase extension orits mobile app, you need to set up your wallet by following some easyinstructions as explained below:
1. Beginthe process by opening the wallet extension
2. On themain screen, proceed by selecting the "Create a new wallet" option
3. Afterreviewing their terms and agreement, select the given box
4. Pick asuitable username for your wallet
5. If youfeel the need to change this username, you can do this only once in a year
6. It'stime to set up your username preferences
7. Thereafter,you can choose a preferred security method
8. Whenyou are shown the 12-word Secret Recovery Phrase, you need to back it up andconfirm it
Conclusion:
This post was all about how one can startusing the Coinbase extension to gain access to the wallet services. If you areinterested in knowing more about this platform or you have any queriesregarding this, then you surely can get ahead and learn more about it from theofficial website.