How to set up a Coinbase wallet extension?

Coinbase wallet is one of the most reliable, legit, and well-recognized cryptocurrency wallets used to store, manage, and organize crypto funds. The wallet safeguards the funds of the user through a secret key or password that rests with the wallet holder only. The main attributes of the wallet are it supports hundreds of cryptocurrencies and uses industry-leading security standards to safeguard the digital assets of the wallet holder/investor.

The wallet also allows the user to store all the NFTs under the same roof reducing the stress of managing separate accounts. With wallets, the users have the full authority to manage their funds in the best possible manner.

What is a browser extension?

The browser extensions are the software that is installed on the web browser of the user to change or add functionalities to it. The extensions can be installed successfully in just a few simple steps. The browser extension allows the user to connect their wallet with the decentralized applications (dApps).

The Coinbase wallet extension allows you to trade on decentralized exchanges, collect NFTs, explore dApps, and much more without requiring the confirmation of the transactions from your mobile devices.

How to get a Coinbase wallet?

Currently, the company has announced to provide of a Chrome extension to work with the wallet. To get the wallet extension. You will need to get into the Chrome Web store and from there search for the same and get it installed. After getting it installed you can either create a wallet or you can go to import a wallet.

The steps to create a new wallet are as follows:

Once you have installed an extension, go to “Create a Wallet”
Create a new username for the same, the user will get recognized by this name
Get the Secret Recovery Phrase (SRP) and note it down somewhere safely
Verify after securing your SRP somewhere safely
Create a wallet password to protect your funds

Final Thoughts

By getting an extension installed on your web browser for the Coinbase wallet, you’ll be able to explore more about this and get an opportunity to grab golden opportunities by exploring more about this industry and the related elements.

It should be remembered that the recovery phrase should be stored somewhere safe and do not hand it over the same to anyone for eliminating cybercrime.