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Coinbase.Com Coinbase Wallet FAQ VideoCoinbase Review in 2 minutes (2021 Updated)
The Coinbase app available on iOS and Android is the company's product for individuals looking to buy or sell cryptocurrencies, also available at Coinbase.
It is an easy, secure, regulated on-ramp to crypto using US dollars or other local fiat currencies. The Coinbase Wallet app is a separate, standalone app that allows users to store, or custody, their own crypto, and explore the decentralized web with a dapp browser.
You do not need a Coinbase account to use the Coinbase Wallet app. Coinbase Wallet helps users manage their own private keys and store their crypto assets directly on their devices, not with a centralized brokerage or exchange.
You cannot connect Coinbase Wallet to your bank account to buy or sell cryptocurrencies with US Dollars or other fiat currencies.
You can download and use Coinbase Wallet anywhere in the world. Coinbase Wallet is a software product that gives you access to a wide spectrum of decentralized innovation - buy and store ERC tokens, participate in airdrops and ICOs, collect rare digital art and other collectibles, browse decentralized apps DApps , shop at stores that accept cryptocurrency, and send crypto to anyone around the world.
Yes, you can. Every wallet uses a private key to secure its assets which you can import into Coinbase Wallet. Just look for the 12 word recovery phrase or mnemonic in the settings menu of your current wallet and then use that same 12 word phrase to sign into Coinbase Wallet.
Coinbase Wallet is a user-controlled, non-custodial product. The app generates a 12 word recovery phrase which is what gives you, and only you, access to your account to move received funds.
Coinbase will never have access to this seed, meaning that we cannot move funds on your behalf even if you lose access to your recovery phrase. We built an encrypted Google Drive and iCloud recovery phrase backup feature to help protect against seed loss.
We encourage you to back up your recovery phrase using both the cloud backup feature as well as writing down your recovery phrase and storing it in a secure location.
To access the backup features, tap Settings , and then Recovery Phrase. Yes you can transfer funds between both products at any time.
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