Coinbase Wallet introduces support for the Solana ecosystem

How to import an existing Solana-based wallet into Coinbase Wallet. You can experience the latest enhancements for yourself by downloading Coinbase Wallet’s browser extension for free from the Chrome Web Store. Make sure to follow us on Twitter Coinbase Wallet for the latest Wallet-relat

How do I protect against losing access to my funds?

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.

Can I transfer funds between Coinbase.com and Coinbase Wallet?

Yes you can transfer funds between both products at any time. You can link your Coinbase.com account to Coinbase Wallet from the settings page of your Coinbase Wallet app.

Connecting your accounts allows you to quickly and easily move funds between your Coinbase.com and Coinbase Wallet accounts. To transfer funds from Coinbase.com to Coinbase Wallet go to Settings in your Coinbase Wallet app and select Transfer. To transfer funds from Coinbase Wallet to Coinbase.com click Send on the Coinbase Wallet app home screen below your balance. Then select the currency and amount you’d like to transfer. When prompted to enter the address you would like to send to, select Coinbase under suggested.

All transfers between your Coinbase.com and Coinbase Wallet account are not instant transactions. They are completed on-chain and require confirmation on the network before being processed. All transfers from Coinbase Wallet to Coinbase.com will be subject to Coinbase.com’s availability to withdraw periods and any restrictions outlined in Terms

What should I remember when sending or receiving cryptocurrency?

If you are sending an ERC-20 token (eg. USDC, DAI, BAT, MKR etc.): You will need ETH in your Coinbase Wallet account in order to pay a miner’s fee when sending this cryptocurrency. This is because ERC-20 tokens are issued on the Ethereum blockchain and transactions on the Ethereum network, such as sending ERC 20 tokens, require Ether.

You can send cryptocurrency using a cryptocurrency address, Coinbase Wallet username, or ENS (Ethereum Name Service for ETH/ERC-20). Coinbase Wallet does not support sends to email addresses.

All Coinbase Wallet transactions are processed on the blockchain. In the event you send funds to the incorrect address, Coinbase Wallet will not be able to recover funds.

Coinbase.com is a crypto brokerage where you buy or sell crypto in exchange for cash. Coinbase.com stores your crypto for you after you buy it. You do not need a Coinbase.com account to use Coinbase Wallet. 

Coinbase Wallet is a self-custody wallet. The private keys (that represent ownership of the crypto) are stored directly on your device and not within a centralized exchange like Coinbase.com. Think of your Coinbase.com account as a brokerage that can store your crypto for you, and Wallet like a traditional cash wallet that gives you direct and complete control over your own crypto assets.

 

 

 

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