how coinbase wallet xrp works

Coinbase Wallet provides a self-custodial platform for securely storing, sending, and receiving XRP, ensuring users' control over their funds.

Oct 31, 2024 at 05:01 pm

How Coinbase Wallet XRP Works

Coinbase Wallet is a self-custody cryptocurrency wallet that allows users to store, send, and receive XRP and other digital assets. The wallet is non-custodial, meaning that Coinbase does not have access to or control over users' private keys or funds. This makes it a more secure option than custodial wallets, which are controlled by a third party.

To use Coinbase Wallet XRP, users must first create an account. Once an account is created, users can add XRP to their wallet by sending it from another wallet or by purchasing it directly through Coinbase Wallet.

To send XRP from Coinbase Wallet, users must first select the "Send" option and then enter the recipient's address and the amount of XRP they wish to send. Users can also choose to send XRP using a QR code.

To receive XRP, users must first select the "Receive" option and then share their wallet address with the sender. The sender will then be able to send XRP to the user's wallet address.

Coinbase Wallet XRP also allows users to view their transaction history, check their balance, and manage their wallet settings.

Here are the steps on how to use Coinbase Wallet XRP:

1. Create a Coinbase Wallet account.
2. Add XRP to your wallet by sending it from another wallet or by purchasing it directly through Coinbase Wallet.
3. Send XRP to another wallet by selecting the "Send" option and entering the recipient's address and the amount of XRP you wish to send.
4. Receive XRP by selecting the "Receive" option and sharing your wallet address with the sender.
5. View your transaction history, check your balance, and manage your wallet settings by selecting the "Settings" option.