How to create a new wallet within the Coinbase Wallet app?

Understanding the Coinbase Wallet App Interface

The Coinbase Wallet app is a self-custody wallet that allows users to store, manage, and interact with cryptocurrencies and decentralized applications (dApps). Unlike the Coinbase exchange platform, the Coinbase Wallet gives users full control over their private keys, meaning security and responsibility lie entirely with the user. Upon downloading the app from the Apple App Store or Google Play Store, users are greeted with a clean, intuitive interface. The home screen displays the user’s asset balance, transaction history, and access to tools such as the built-in browser for dApps. Before creating a new wallet, it is essential to understand that this process generates a new set of cryptographic keys and a recovery phrase, which are critical for accessing funds.

Initiating the Wallet Creation Process

To begin setting up a new wallet, open the Coinbase Wallet app and tap on “Get Started”. If you already have an account and wish to create an additional wallet, navigate to the Settings menu, select “Wallets”, and choose “+ Add Wallet”. The app will prompt you to decide between “Create a new wallet” or “Import existing wallet”. Select “Create a new wallet” to proceed. At this stage, the app will request permission to access your device’s biometric authentication (such as Face ID or fingerprint) for added security. Granting this permission enables faster access in the future but is optional.

Generating and Securing Your Recovery Phrase

The next step is the generation of your 12-word recovery phrase, also known as a seed phrase. This phrase is the master key to your wallet and must be stored securely. The app will display the words in sequence, and you will be required to verify them by selecting the correct words in order from a shuffled list. This step ensures you have accurately recorded the phrase. It is crucial to never take screenshots, store the phrase digitally, or share it with anyone. Write it down on paper and store it in a secure, offline location such as a fireproof safe. Losing this phrase means permanent loss of access to your funds, as Coinbase cannot recover it.

Setting Up Biometric and App-Level Security

After verifying the recovery phrase, the app will prompt you to enable biometric authentication or set up a 4-digit PIN. Enabling Face ID or fingerprint lock enhances security by ensuring only authorized access to the wallet. Even if someone gains physical access to your device, they will not be able to open the wallet without passing this authentication layer. The PIN serves as a backup method if biometrics fail. Choose a PIN that is not easily guessable and avoid common sequences like “1234” or “0000”. These security layers work in tandem with the recovery phrase to protect your assets.

Completing Wallet Setup and Accessing Your Address

Once security settings are confirmed, your new wallet is officially created. The app will redirect you to the main dashboard, where you can view your wallet address, check your balance, and begin receiving crypto. Your public wallet address is a long string of alphanumeric characters, also represented as a QR code for easy scanning. To receive funds, share this address with the sender. Never share your private key or recovery phrase under any circumstances. The app supports multiple cryptocurrencies and tokens built on various blockchains, including Ethereum (ETH), Bitcoin (BTC), and ERC-20 tokens. Each asset will appear in your portfolio once received.

Managing Multiple Wallets and Network Settings

The Coinbase Wallet app allows users to create and manage multiple wallets within the same application. Each wallet operates independently with its own recovery phrase and address. To switch between wallets, tap your profile icon and select the desired wallet from the list. Additionally, ensure the correct network (or blockchain) is selected when sending or receiving assets. For example, sending USDC on the Ethereum network requires the Ethereum network to be active in the app. Misconfigured network settings can result in lost funds. Navigate to Settings > Network to adjust which blockchains are visible and active in your wallet interface.

Connecting to dApps and Web3 Services

One of the key features of the Coinbase Wallet app is its built-in Web3 browser, which allows direct interaction with decentralized applications. When visiting a dApp website, tap the browser icon within the app, navigate to the site, and connect your wallet when prompted. The app will ask for permission to share your wallet address, and you can approve or deny access. This functionality enables participation in decentralized finance (DeFi) platforms, NFT marketplaces, and blockchain games. Always verify the legitimacy of dApps before connecting, as malicious sites may attempt to steal your credentials.

Frequently Asked Questions

Can I recover my wallet if I lose my phone but have the recovery phrase?Yes, you can recover your wallet on any device by downloading the Coinbase Wallet app, selecting “Recover Wallet”, and entering your 12-word recovery phrase. Your assets and transaction history will reappear as long as the phrase is entered correctly.

What happens if I enter the recovery phrase incorrectly during verification?If you fail to select the correct words during the verification step, the app will not proceed. You must re-enter the full 12-word phrase accurately. Multiple failed attempts do not lock the wallet, but repeated errors suggest the phrase may be recorded incorrectly.

Is it safe to use the same recovery phrase for multiple wallets?No, each wallet must have a unique recovery phrase. Reusing a phrase compromises security and could lead to fund loss if one wallet is exposed. Always generate a new wallet with a new phrase.

Can I change my recovery phrase after creating the wallet?No, the recovery phrase is permanently tied to the wallet’s private key. The only way to get a new phrase is to create a new wallet and transfer funds manually. Never attempt to modify or regenerate the phrase within the same wallet.