Set up the Coinbase Wallet browser extension
The Coinbase Wallet extension lets you access web3 and connect to thousands of dapps across Ethereum and all EVM-compatible networks, including …
As of my last update in September 2021, Coinbase had a mobile wallet app called Coinbase Wallet, which allowed users to store, manage, and interact with their cryptocurrencies directly from their mobile devices. However, it's important to note that Coinbase frequently updates its products and services, so there might have been changes or new developments since then.
Coinbase Wallet (formerly known as Toshi) was designed to provide users with greater control over their funds and private keys. It allowed users to securely store a wide range of cryptocurrencies and offered integration with decentralized applications (DApps) and decentralized finance (DeFi) protocols. The wallet was available for both iOS and Android devices, catering to a broad user base.
Key Features of Coinbase Wallet:
Secure Storage: Coinbase Wallet provided users with full control over their private keys, meaning they had complete ownership and responsibility for their funds. The wallet's private keys were stored locally on the user's device, enhancing security and reducing the risk of unauthorized access.
Multi-Currency Support: Coinbase Wallet supported a variety of cryptocurrencies beyond those available on the main Coinbase exchange platform. Users could manage and interact with various digital assets, including major cryptocurrencies like Bitcoin and Ethereum, as well as a selection of ERC-20 tokens.
DApp Browser: The wallet featured a built-in DApp browser, allowing users to access and interact with a wide range of decentralized applications directly from the app. This integration facilitated seamless participation in DeFi projects, NFT marketplaces, and other blockchain-based services.
Biometric Authentication: To enhance security and ease of use, Coinbase Wallet offered biometric authentication, enabling users to access their wallets using fingerprint or face recognition (depending on their device's capabilities).
Wallet Connect: Coinbase Wallet integrated with Wallet Connect, a popular open protocol for connecting mobile wallets to DApps securely. This allowed users to interact with DApps on their desktop browsers while maintaining control of their private keys on their mobile devices.
Wallet-to-Wallet Transfers: Users could easily transfer funds between Coinbase Wallet and their Coinbase.com exchange accounts. This feature provided a seamless transition between holding assets securely in the wallet and actively trading on the exchange platform.
It's worth noting that while Coinbase Wallet provided strong security features and ease of use, users were encouraged to exercise caution and follow best practices for securely managing their private keys and recovery phrases. Losing access to these critical pieces of information could result in the permanent loss of funds.
As the cryptocurrency industry rapidly evolves, Coinbase may have introduced new products or made changes to its existing services. Therefore, for the most up-to-date information on Coinbase Wallet and other Coinbase offerings, it's best to visit their official website or consult recent sources.
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