Coinbase Extension® — Getting Started | Coinbase Wallet®
The Coinbase Extension®, commonly known as the Coinbase Wallet® browser extension, is a self-custody crypto wallet designed to help users interact directly with decentralized applications (dApps), manage digital assets, and explore the Web3 ecosystem from their desktop browser. Unlike centralized exchange accounts, the extension gives users full control over their private keys and funds, making it a powerful tool for anyone interested in decentralized finance (DeFi), NFTs, and blockchain-based applications.
This guide walks through what the Coinbase Wallet® extension is, how it works, and the key steps to get started safely and confidently.
What Is the Coinbase Wallet® Browser Extension?
The Coinbase Wallet® browser extension is a non-custodial wallet that runs directly in supported web browsers. “Non-custodial” means that only the user controls the wallet’s private keys and recovery phrase—neither Coinbase nor any third party can access the wallet or recover funds on the user’s behalf.
The extension allows users to:
- Store and manage cryptocurrencies and tokens
- Connect to decentralized applications (dApps)
- Buy, send, receive, and swap supported assets
- View and manage NFTs
- Interact with DeFi protocols directly from a browser
While it shares branding with Coinbase, the wallet extension operates independently from Coinbase exchange accounts and does not require users to hold assets on a centralized platform.
Supported Browsers and Networks
The Coinbase Wallet® extension is designed for modern desktop browsers and typically supports popular options such as Chromium-based browsers and Firefox. Once installed, the extension can interact with multiple blockchain networks, including Ethereum and other compatible chains.
Users can switch between networks inside the wallet interface depending on the dApp or asset they want to use. Network availability and features may evolve over time as the ecosystem grows.
Installing the Coinbase Wallet® Extension
Getting started begins with installing the extension from an official browser extension marketplace. After installation, users can either create a new wallet or import an existing wallet using a recovery phrase.
Creating a New Wallet
When creating a new wallet, the extension generates a 12-word recovery phrase. This phrase is the master key to the wallet and must be stored securely offline. Anyone with access to this phrase can control the wallet’s funds.
Important best practices include:
- Writing the recovery phrase down on paper
- Never storing it in screenshots, cloud storage, or email
- Never sharing it with anyone
Once confirmed, the wallet is ready for use.
Importing an Existing Wallet
Users who already have a compatible wallet can import it by entering their recovery phrase. This allows them to manage existing assets without creating a new address.
Using the Wallet: Core Features
Sending and Receiving Crypto
The extension provides a wallet address for each supported network. Users can receive funds by sharing their public address and send funds by entering a recipient’s address, selecting a network, and confirming the transaction.
Transaction fees (also called “gas fees”) vary depending on network congestion and are paid to the blockchain network—not to Coinbase.
Connecting to dApps
One of the most powerful features of the Coinbase Wallet® extension is seamless dApp connectivity. When visiting a decentralized application, users can connect their wallet with a single click, approve permissions, and interact directly with smart contracts.
Common use cases include:
- Decentralized exchanges (DEXs)
- NFT marketplaces
- Lending and borrowing platforms
- Blockchain-based games
Each transaction or permission request must be manually approved within the wallet, adding a layer of user control.
NFT Management
The wallet includes an interface for viewing and managing NFTs held in the connected wallet address. NFTs are displayed visually, making it easier to track collections across supported networks.
Security and Self-Custody Considerations
Because the Coinbase Wallet® extension is self-custodial, security responsibility rests entirely with the user. There is no password reset or account recovery if the recovery phrase is lost.
Key security tips include:
- Double-checking website URLs before connecting a wallet
- Avoiding unsolicited links and “too good to be true” offers
- Reviewing transaction details carefully before approving
- Keeping browser software and extensions up to date
Using a hardware wallet in combination with the extension may provide an additional layer of protection for advanced users.
Coinbase Wallet® vs. Coinbase Exchange
It’s important to distinguish between Coinbase Wallet® and a Coinbase exchange account:
- Coinbase exchange accounts are custodial and managed by Coinbase
- Coinbase Wallet® is non-custodial and fully controlled by the user
- Funds in the wallet are not recoverable by Coinbase
- The wallet can be used independently of any exchange account
This distinction is crucial for users transitioning from centralized platforms to decentralized applications.
Getting the Most Out of the Extension
For new users, starting small is often the best approach. Sending a small test transaction, connecting to a well-known dApp, and learning how transaction approvals work can build confidence before managing larger amounts of digital assets.
Educational resources, community forums, and official documentation can also help users stay informed about updates, supported networks, and emerging Web3 tools.
Disclaimer
This content is provided for general informational and educational purposes only and does not constitute financial, investment, legal, or tax advice. Coinbase Extension® and Coinbase Wallet® are trademarks of their respective owners. This article is not affiliated with, endorsed by, or sponsored by Coinbase Global, Inc. or any of its subsidiaries. Cryptocurrency and blockchain technologies involve risk, including the potential loss of funds. Users are solely responsible for securing their wallets, private keys, and recovery phrases, and should conduct their own research before using any digital asset or decentralized application.