Setting up a cryptocurrency wallet on Coinbase involves a few steps. Coinbase provides both a web-based platform and a mobile app for users to create and manage their wallets. As of my last knowledge update in January 2022, here are the general steps for setting up a crypto wallet on Coinbase:
For Web (Coinbase.com):
1.
Create an Account:
Visit the Coinbase website (coinbase.com) and click on "Sign Up."
Fill in the required information, including your email address, password, and any other details requested.
2.
Verify Your Email:
After signing up, you will receive an email from Coinbase. Click the verification link in the email to confirm your account.
3.
Provide Personal Information:
Complete the identity verification process by providing your personal information. This may include your legal name, date of birth, and address.
4.
Secure Your Account:
Set up two-factor authentication (2FA) for an extra layer of security. This is highly recommended to protect your account.
5.
Access Your Dashboard:
Once your account is verified, log in to your Coinbase account and access your dashboard.
6.
Navigate to Wallet:
On the dashboard, find and click on the "Wallet" option. This is where you can manage your crypto wallets.
7.
Create a New Wallet:
Look for an option to create a new wallet. Follow the on-screen instructions to set up your new cryptocurrency wallet.
8.
Backup Your Recovery Phrase:
Coinbase typically provides you with a recovery phrase. Write down this recovery phrase and store it in a safe place. This phrase is crucial for recovering your wallet if you forget your password or lose access.
9.
Explore Wallet Features:
Familiarize yourself with the features of your Coinbase wallet, such as buying/selling cryptocurrencies, sending/receiving funds, and viewing transaction history.
