How to create a Coinbase Wallet to send & receive cryptocurrencies
The Coinbase Wallet is a non-custodial wallet by Coinbase. Unlike the Coinbase app, the Coinbase Wallet is a secure app to store crypto yourself without a third-party owning your private keys.
Here’s a quick walkthrough on how to create a Coinbase Wallet and transfer cryptocurrencies.
Download the Coinbase Wallet app on your mobile phone.
Pick a username which will be how Coinbase Wallet users can find you and send you payments.
Set your privacy preferences for your username, I chose Public.
Set the method to protect your wallet, I chose Use Face ID. This will trigger Face ID to authenticate the user whenever the app is opened.
Back up your wallet using the secret recovery phrase, either offline on a piece of paper or through iCloud.
If you use iCloud, the app will prompt you to set a password to restore this phrase.
Once done, your personal crypto wallet has been created and you can now send and receive funds without a bank account.
To receive funds, click on the Receive button and choose any supported coin you’d like to receive. You’ll be given a public address to share with the sender.
Alternatively, you could also share your username with other Coinbase Wallet users to receive funds with your username only.