Okay, first thing I always do when setting up Coinbase Wallet? Claim a username. Makes sharing your address way easier-no more copying those long ETH strings. Why? People screw up pasting addresses all the time. A simple @yourname saves headaches. You'll see how in a sec.
Download from the official App Store or Google Play. Search "Coinbase Wallet"-it's got like 4 stars, official one from Coinbase. Takes a minute. Or hit the Chrome Web Store for the extension if you're desktop bound. I usually start on mobile 'cause it's smoother for scanning QR codes later.
Pro tip: Phone app mirrors everything to the browser extension once connected. Super handy for checking balances on your laptop without typing addresses.
Now you're in. Assets tab shows balances (zero at first), swaps, bridges. Transactions below. Settings bottom right for security tweaks.
Empty wallet sucks. So, link to your Coinbase exchange account if you have one. Tap Buy or Add crypto-scans right in. Or transfer from exchange: Copy your wallet address (ETH, Solana main ones), paste in exchange send field. Fees? Network gas, like ~$0.50-2 on ETH depending on traffic. Solana's dirt cheap, ~0.000005 SOL.
Issue? Wrong network? Double check-ETH to Polygon won't work. Tap network selector top right.
Look, Coinbase Wallet's self custody. Nobody hacks your funds without your phrase. But you? Easy target if sloppy.
I always set auto lock to 1 minute in settings. Browser extension only-tap Settings > Auto lock timer > pick 1 min > Save. Phone locks with biometrics. Never public WiFi-man in middle steals everything.
Recovery phrase: Metal plate or split it across safe spots. Never digital. Test import on a spare device once.
Dapps? Revoke old connections weekly. Settings > Connected sites > Disconnect sketchy ones. They see your full balance.
| Common Pitfalls | Fix |
|---|---|
| Forgot phrase | Game over. Start over. |
| Phishing site | Only use official dapp browser. Check URL. |
| High gas fees | Wait for low traffic or use L2 like Base. |
| Stuck tx | Speed up or cancel via tools like 1inch. |
Built in DEX. No need for Uniswap separate. Tap Swap on assets tab. Pick from/to-ETH to USDC, whatever. Slippage default 0.5%, tweak if volatile. Fees? Gas + 0.3% or so protocol fee.
In my experience, works great on Solana-fees under a penny. ETH? Time it for cheap gas, like weekends. Preview shows exact output. Confirm. Done in 30 secs.
What's Base? Coinbase's L2-super cheap tx. I park most alts there now. Gas ~$0.01.
Receive: Tap Receive. Copy address or QR. Or @username. Supports BTC, ETH, SOL, USDC, USDT-tons.
Send: Send > paste address/username > amount > network > fees slider (economy/fast). I pick economy unless rushing.
Short sentence. Test small first-$10. Saved me once from fat finger typo.
Transactions tab shows history. Filter by chain. Searchable too.
Dapp browser built in. Tap Explore or browser icon. Uniswap, Aave, whatever. Connect wallet-sign message, not tx.
Why does this matter? Stake for yield, borrow, NFTs. Start small. I lost $50 first time to impermanent loss-lesson learned.
Link to Coinbase exchange for easy moves. Scan QR from exchange site. Mirrors balances.
Issue: Extension lagging? Refresh or reconnect app. Happens if phone sleeps.
Hide dust tokens-settings > hide small balances. Cleans home screen.
NFTs tab separate. View, send easy.
Multi wallet: Add Ethereum + Solana under manage. Switch fast.
Gas tracker? Use app's preview-accurate enough.
Honestly, after a week, you'll forget it's not your bank app. But remember: No FDIC. Secure that phrase like your life.
Potential gotcha: Smart wallets now-passkey login, no phrase. Newer feature. Top left address > add wallet > smart one. Easier for newbies, but still back it up.
Can't see funds? Wrong network. Switch.
Frozen? Force close/reopen. Clear cache last resort.
Scam alert? App hides malicious tokens. Report in app.
Morning: Check balances across chains. Swap if needed.
DeFi: Connect to yield farms via explorer. Stake USDC at 5-10% APY easy.
Night: Revoke dapps, lock up.
That's it. Scales from $100 to stacks. Stay paranoid on security-you'll be golden.