how to swap coins on coinbase wallet

How to Swap Coins on Coinbase Wallet

Coinbase Wallet is a self-custodial cryptocurrency software wallet that allows users to store, send, receive, and trade crypto assets. Here's a detailed guide on how to swap coins on Coinbase Wallet:

1. Set Up Coinbase Wallet:
   • Download the Coinbase Wallet app on your mobile device.
   • Create an account or log in to your existing Coinbase account.
2. Fund Your Wallet:
   • Add crypto assets to your wallet by purchasing them or transferring them from another wallet or exchange.
3. Go to Swap:
   • Tap on the "Swap" tab at the bottom of the main screen.
   • Select the coins you want to swap (Sell) and receive (Buy).
4. Input Swap Details:
   • Enter the amount you want to swap.
   • The estimated swap rate and fees will be displayed.
   • Review the details carefully.
5. Confirm and Approve:
   • Tap on "Review Swap" and double-check the details.
   • If everything looks correct, tap on "Confirm Swap."
   • Approve the transaction in the pop-up window.
6. Monitor the Swap:
   • The swap takes a few seconds to complete.
   • You can track the status in the "Trades" tab on the main screen.

Tips:

• Choose the best available exchange rate by comparing offers from multiple liquidity providers.
• Check the fees associated with the swap and consider both the exchange fee and the network fee.
• Monitor the market conditions and swap when the prices are favorable.
• Use caution and only swap reputable and well-established crypto assets.
• Keep your recovery phrase safe as it's necessary to recover your funds in case of a wallet loss or theft.