how to use coinbase wallet in india

To use Coinbase Wallet in India, individuals must complete identity verification to comply with regulations and ensure the secure handling of cryptocurrency transactions.

Nov 01, 2024 at 03:55 am

How to Use Coinbase Wallet in India

Step 1: Download the Coinbase Wallet App

• Visit the [Coinbase Wallet](https://www.coinbase.com/wallet) website or app store (iOS/Android).
• Click on the "Download the App" button to download the app for your device.

Step 2: Create Your Wallet

• Open the Coinbase Wallet app and tap on "Create a New Wallet."
• Set a strong password and recovery phrase.
• Securely store your recovery phrase for future wallet recovery if needed.

Step 3: Verify Your Identity

• To comply with Indian regulations, Coinbase requires identity verification to use its wallet.
• Tap on "Settings" in the app and choose "Verification."
• Follow the on-screen instructions to provide your personal information and upload a photo ID.

Step 4: Add Funds to Your Wallet

• Tap on "Receive" in the app's dashboard.
• Choose the cryptocurrency you wish to add (e.g., Bitcoin, Ethereum).
• Copy the provided wallet address or scan the QR code.
• Send funds from an external source or exchange to the provided address.

Step 5: Use Your Wallet

• To send cryptocurrency, tap on "Send."
• Enter the recipient's wallet address, the amount, and any other necessary details.
• Review the transaction and authorize it with your password.
• To view your wallet balance and transaction history, tap on "Accounts."
• You can also access advanced features like staking, DeFi, and NFTs through the Coinbase Wallet.

Step 6: Manage Your Recovery Phrase

• It is crucial to keep your recovery phrase safe.
• Write it down or use a secure password manager.
• Never share your recovery phrase with anyone.

Step 7: Stay Secure

• Enable two-factor authentication for added security.
• Keep your app and device software up-to-date.
• Be cautious of phishing scams and suspicious requests for your recovery phrase.

Additional Notes:

• Coinbase Wallet is a self-custodial wallet, giving you full control over your funds.
• The wallet supports a wide range of cryptocurrencies, including Bitcoin, Ethereum, and ERC-20 tokens.
• Coinbase Wallet allows you to connect to decentralized applications (dApps) and interact with DeFi protocols.
• The wallet is available in both light and dark modes.