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How To Use Coinbase Wallet (2024) Tutorial For Beginners
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Oct 7, 2024
Dive into the world of cryptocurrency with this comprehensive 2024 beginner's guide to using Coinbase Wallet. Whether you're new to crypto or looking to enhance your digital asset management skills, this step-by-step tutorial will walk you through everything you need to know. Learn how to set up your Coinbase Wallet, secure your assets with advanced security features, and navigate the user-friendly interface with confidence. Discover how to buy, sell, send, and receive various cryptocurrencies, explore decentralized finance (DeFi) applications, and manage your NFTs all in one place. We'll cover the latest features of Coinbase Wallet, including integration with dApps, yield farming opportunities, and cross-chain compatibility. By the end of this tutorial, you'll have the knowledge and skills to safely store and manage your digital assets, participate in the exciting world of DeFi, and make the most of your cryptocurrency investments. Don't miss this opportunity to master Coinbase Wallet and take control of your financial future in the digital age!
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0:00
Welcome everybody into this new video
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In this tutorial, let's take a look how we can start using the Coinbase wallet
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So first of all, guys, I'm going to leave a link down below in the description so you can have your Coinbase wallet flag right away
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If you do want to create a Coinbase account, I mean both applications works into the same platform, but they are a little bit different
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So speaking about the Coinbase, here into Coinbase, what you can do is to buy, you can sell
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crypto currencies and here this is the way we can get started into Coinbase. Speaking about
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the Coinbase wallet, this is a place where what we can do into the Coinbase wallet. I'm going
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to hit into Coinbase wallet actually and you might be going to see that the tools are a little bit
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different. So speaking about the overview of the Coinbase wallet, what we can do in here is to store
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actually all the cryptos that you want we can store NFTs and we can throw some
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defy into just one place so these are a support of 100,000 of tokens there are available
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in here we can explore some decentralized webs on our phone all the browser that we're
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currently using and here this is like the very like easiest way to protect us a little bit more
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our assets into the Linux security of Coinbase that's the reason why if you
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do have a Coinbase account. Now if you have a Coinbase wallet, what you can do is to secure
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a little bit more your main Coinbase account. So what you want to do is to download the Coinbase
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wallet, whether you are using an iOS device or Android, or in my case, I'm using an extension
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as the Chrome platform as a Chrome browser. So what I want to do is to install the Coinbase
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wallet as an extension. So once I click into download for Chrome, I'm going to go
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into my extensions and here it's going to be appearing my Coinbase wallet extension
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So once I click in here it going to be popping of this new section where what I can do is to create a new wallet So what I want to do is to hit into create new wallet And here I do have a backup of my wallet
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Save these 12 words to do a passcode manager or write down and store into security place
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Now into all the crypto wallets that you are going to be creating into the future
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For example, it's Metamask, it's the Coinbase wallet, it's the phantom account
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There are a lot of places, Terra Station, for example. example, they all provide you some words that you need to write down and store that if you
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want to import your money from one place into another one. So if I'm using like one device and I want to import an account that I already have, I need
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to provide this 12 words in order to continue. If I use another device, I need to do exactly the same thing
3:00
So it's really important to copy this to the clipboard. you might be seeing this blurred because I do have some specific security stuff here
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So once I hit into, I understand that if I lose my query phrase, I will lose all of my crypto in my wallet
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So you might want to be aware of that. If I hit into continue for security reasons, they're going to be asking for any specific
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Sometimes there are just like a random code. But in my case, they need to ask me for my first
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and my less worth of my recovery phrase. So this is just to verify that you've already done
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the copy and saved in order to continue. And once you have successfully done that
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it's gonna be asking you for a passcode. Now, you might be wondering
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what do I need a passcode if I already have a secret recovery phrase
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This is, if you want to sign in after you make a pot chase
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after you let's see that you power off your computer, and you want to sign it once again
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When you signed in, every time you wanted to sign in from different lapses or places
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it's going to be asking for a passcode in order to continue. This is like let say for a double security reason So the recovery phrase tool it for importing all your cryptocurrency stuff and the passcode is just for signing in and sign it out inside the same application
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inside the same device. So here I do want to keep it and to submit
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In my case, of course, this won't let me because I need a cactus
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and I need one number in order to continue. So after that, I'm going to hit into Continium
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really, really easy and get it to submit. And just like that, my account is going to be already created
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So what I want to do is to claim a free username
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in order to start using my wallet. If you want to do this later, you can do this
5:00
But in my case, it's really easy to just claim a username. You're going to hit it to Continue
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And here you can tap for a specific username. Let's say, for example, this one
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And if it's not available, it's going to be appearing into red. So here I want to look for something else like, for example, white star
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After that, you have to agree to the subdomain terms. I'm going to hit into submit. Just like that, my username is going to be created automatically, and my wallet is ready
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If you are using a browser, like I am currently using that, I want to go into my extension
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And just like that, here is my wallet already created. And what I can do here is to buy
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I can swap. I can bridge from one. extension into another one I can have sent and receive tokens here's going to
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appearing all my NFTs all my device and here I can buy some cryptos so lastly
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guys in order to just start working here into the Coinbase wallet if you want to
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get started with some cryptos I can go into ad cryptos and I can choose the ad
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crypto with Coinbase pay so here what's going to happen is going to be sending me
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into the Coinbase pay section so what I can do is to buy some tokens and what I can do is just to import that into my coinbase wallet
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account now in here it going to be asking for sign it into your coin base account to authorize coinbase wallet So if you want to pay if you want to buy some money inside your Coinbase wallet
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you must have a Coinbase account. If you don't have that, you can choose create an account
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And then you just need to fill your first, your last name, your email, of course, a passcode
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You certified that you are 18 years old and create your account
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If you want to do, I can go into my extension. I can go into settings
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And here into settings, what I can do is to scroll a little bit down
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And here I do have the dab connection. And here I do have the ad and manage wallet
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Here I do have this wallet. If you want to, you can connect your Coinbase
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If you want to, you can connect your Coinbase wallet with your Coinbase account
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You just need to make a transaction between one of those. The process is really, really simple
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I can just close this now and hit into my extension in order to continue to use that
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And lastly, once you do have some crypto available here into your wallet
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what I can do is to hit into Swapd if I want to transfer from one token into a not token
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into another one. So all the process are going to be added and done within the Coinbase
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Pay. So there you have it, guys. This is the way we can get started here into your Coinbase
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Wallet. Remember to check out your recovery phrase tool. You can always go into settings
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Here you can always create a new wallet if you want to. Here into networks, you can change
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from one network into another one, depending on the token. Depending on the transactions of the
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token that you want to make. So hopefully, guys, this was a very
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useful video for you. Don't forget to like and subscribe to the channel. If you do want to see more
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tools about the Coinbase platform, thank you so much for watching the video
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And I will see you guys on the next video. I'll see you soon
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