COINBASE EXTENSION® — GETTING STARTED | COINBASE WALLET®

Coinbase Extension® is a browser-based crypto wallet designed to give users direct access to Web3, decentralized applications, NFTs, and digital assets without relying on centralized exchanges. As part of the Coinbase Wallet® ecosystem, the extension allows users to manage crypto securely while staying in control of their private keys. This guide explains how to get started with Coinbase Extension®, how it works, and how to use it safely.

WHAT IS COINBASE EXTENSION® AND HOW IT WORKS

Coinbase Extension® is a non-custodial wallet extension that runs directly in your web browser. Unlike exchange accounts, this extension does not store your assets or private keys on centralized servers. Instead, everything is controlled locally by the user.

The extension acts as a bridge between your browser and the blockchain. When you connect to a decentralized app, the Coinbase Wallet® Extension signs transactions locally and submits them to the blockchain network. This design ensures that sensitive information never leaves your device.

Coinbase Extension® supports multiple blockchain networks and thousands of tokens, making it suitable for everyday Web3 use.

WHY USERS CHOOSE COINBASE WALLET® EXTENSION

Many users choose Coinbase Wallet® Extension because of its balance between usability and security. It is built for beginners but powerful enough for experienced crypto users.

Key reasons users prefer it include: • Full control over private keys • Easy connection to decentralized applications • Support for NFTs and DeFi platforms • Clean and intuitive interface • Backed by a well-known crypto ecosystem

The extension is especially useful for users who want to explore Web3 without constantly switching between apps or platforms.

HOW TO INSTALL COINBASE EXTENSION®

Getting started with Coinbase Extension® is straightforward if done carefully.

Step 1: Use only the official browser extension store Search for Coinbase Wallet® Extension directly in your browser’s official extension marketplace. Avoid third-party download links !!!

Step 2: Install the extension Click install and wait for confirmation. Once installed, the wallet icon will appear in your browser toolbar.

Step 3: Create or import a wallet You can create a new Coinbase Wallet® or import an existing wallet using a recovery phrase.

Step 4: Secure your wallet Set a strong password and store your recovery phrase offline. This phrase is the only way to recover access if your device is lost.

UNDERSTANDING RECOVERY PHRASES AND PRIVATE KEYS

When setting up Coinbase Extension®, you are given a recovery phrase. This phrase controls access to your wallet and funds.

Important rules: • Never share your recovery phrase with anyone • Never store it online or in cloud storage • Never enter it on unknown websites • Write it down and keep it offline

Coinbase Wallet® will never ask for your recovery phrase via email, chat, or social media. Any request asking for it is a scam @ 100%.

USING COINBASE EXTENSION® FOR WEB3 AND DAPPS

One of the main purposes of Coinbase Extension® is connecting to decentralized applications.

When you visit a Web3 site, the extension prompts you to connect your wallet. You can review permissions before approving access. Transactions must be manually confirmed, giving you full control over what happens.

You can: • Swap tokens • Interact with DeFi platforms • View and manage NFTs • Sign smart contract transactions

Every action requires user approval, reducing the risk of unauthorized activity.

SECURITY FEATURES IN COINBASE WALLET®

Coinbase Extension® includes multiple security layers designed to protect users.

These include: • Local key storage • Password protection • Manual transaction approvals • Session locking • Clear permission prompts

However, security depends heavily on user behavior. Clicking unknown links, approving suspicious transactions, or ignoring warnings can still lead to losses. No wallet can protect against careless actions !!!

COMMON MISTAKES NEW USERS SHOULD AVOID

New users often make avoidable mistakes when using Coinbase Wallet® Extension.

Common mistakes include: • Downloading fake extensions • Approving unknown smart contracts • Falling for phishing websites • Ignoring transaction details • Sharing wallet information publicly

Scammers often use messages like “Urgent verification needed!!!” or “Free rewards available $$$” to trick users. Always slow down and verify before acting.

COINBASE EXTENSION® VS CENTRALIZED EXCHANGE ACCOUNTS

It’s important to understand the difference between Coinbase Extension® and exchange accounts.

With Coinbase Wallet® Extension: • You control your funds • No account recovery without a recovery phrase • No identity verification required • Full responsibility for security

With centralized exchanges: • The platform controls private keys • Password resets are possible • Accounts can be frozen • Identity verification is required

Both have use cases, but the extension is ideal for users who value self-custody.

WHO SHOULD USE COINBASE WALLET® EXTENSION

Coinbase Extension® is suitable for: • Web3 and DeFi users • NFT collectors • Crypto holders who want self-custody • Users exploring decentralized platforms • People who prefer browser-based wallets

It may not be ideal for users who are uncomfortable managing recovery phrases or taking full responsibility for security.

FINAL THOUGHTS ON COINBASE EXTENSION®

Coinbase Extension® offers a reliable and user-friendly entry into the world of decentralized crypto management. It combines strong security principles with ease of use, making it accessible without oversimplifying important concepts.

Success with Coinbase Wallet® Extension depends on education, caution, and good security habits. When used responsibly, it can be a powerful tool for interacting with the decentralized web.

DISCLAIMER

This content is provided for educational and informational purposes only. It is not affiliated with or endorsed by Coinbase or Coinbase Wallet®. Cryptocurrency and decentralized applications involve financial risk. Users are solely responsible for securing their private keys, recovery phrases, and transactions.