A Step-by-Step Guide for Managing Ethereum Wallets
Coinbase Wallet is a separate, stand-alone app that allows users to store their crypto. It also lets users explore the decentralized web with a dApp browser and use applications such as Uniswap and OpenSea.
Coinbase Wallet helps users manage their private keys and store their crypto assets directly on their devices without a centralized broker or exchange, this means you can’t connect Coinbase Wallet directly to your bank account or buy and sell crypto with US dollars or fiat currencies.
Coinbase wallet is called a”self-custody mobile wallet” and web3 browser. It gives you access to a wide spectrum of decentralized innovations. You can buy and store different cryptocurrency tokens on the Ethereum network, collect digital NFTs, and browse decentralized applications at stores that accept crypto. You can send crypto to anyone in the world.
You’ll find that the Coinbase Wallet is pretty similar to MetaMask or the Trust wallet but with a slightly different set of features and functionality. You don’t need a Coinbase account to use the Coinbase Wallet. You can download and use the Coinbase Wallet from anywhere in the world. Let’s get started.
How to Import Coinbase Wallet to MetaMask
Open your Coinbase Wallet and go to the Settings page:
Click on the Recovery Phrase:
Now you see your 12 words recovery phrase, write it down in order.
Open your MetaMask and click on import using Secret Recovery Phrase:
Enter your recovery phrase, create a password and confirm it:
By typing in the recovery phrase and choosing the desired password, the Coinbase wallet successfully imports to your MetaMask wallet.
How to Transfer Assets from Coinbase Wallet to MetaMask
If you want to send assets from Coinbase Wallet to MetaMask, you need to click on Send:
Select the token that you want to send (we use BNB in this tutorial) and enter the amount, then click on Next:
Now, you should paste the recipient address, so open your MetaMask and as you are transferring a BEP20 token you should check that your receiver MetaMask wallet is on Binance Smart Chain network and then click on the Receive button, copy the BEP20 address and paste it in the recipient address on the Coinbase Wallet:
Note: If you haven’t added the BSC network to your MetaMask, check out how to add BSC to MetaMask tutorial!
Click on Send:
And that’s how you transfer assets from your Coinbase Wallet to MetaMask.
This series article is intended for general guidance and information purposes only for beginners participating in cryptocurrencies and DeFi. The contents of this article are not to be construed as legal, business, investment, or tax advice. You should consult with your advisors for all legal, business, investment, and tax implications and advice. The Defiant is not responsible for any lost funds. Please use your best judgment and practice due diligence before interacting with smart contracts.