In this article I am going to briefly summarize the way to run the Coinbase Wallet for PC or Mac. Since it is important that you do not depend exclusively on the smartphone to save your funds.
What is Coinbase Wallet?
Coinbase Wallet is one of the most important cryptocurrency wallets out there. This allows you to buy cryptos with your credit card, store them, see prices, exchange or staking. It is available for IOS and Android and is one of the most downloaded currently with millions of users due to the high popularity of the company.
The wallet is a mobile type wallet, so the keys are stored on the device, which means that the user does not need a Coinbase account to activate their wallet. We also have the support of Coinbase, one of the most reliable and secure companies that exist. So at first we can be calm.
Coinbase Wallet has an extension for the Google Chrome browser, so we can install it in our browser, but this extension is also compatible with decentralized applications or Dapps, so we can connect our Coinbase Wallet to any decentralized application such as Uniswap, Pancakeswap.
We can also associate our Coinbase account to exchange our cryptocurrencies through the exchange without leaving the wallet, which is a great advantage for those who do not want to do it through DEX.
The platform allows us to buy tokens and supports Ethereum ERC20 and ERC223 tokens so you can host and exchange thousands of tokens through either its exchange or Dapps. This makes it compatible with the sending and receiving of thousands of coins that of course are continually expanding.
Another important feature is that the wallet allows us to import wallets from other platforms such as Imtoken, Metamask or Trust Wallet, so we can migrate our wallets without having to create new accounts.
But Coinbase also offers a training program that we can access from the Learn and earn section to receive cryptocurrency training in exchange for a reward. So we can study and earn cryptocurrencies at the same time. If you are interested you just have to go to the following link.
Is Coinbase Wallet safe?
The most important question for any cryptocurrency user is whether the platform is secure. To answer that question, I will answer the whole issue of security point by point.
Although Coinbase is a completely centralized platform, its Trust Wallet is completely decentralized, so we will be the ones who safeguard our keys (with the risks that that entails). But on the other hand we also have the support and possible backing of a company like Coinbase if there is a failure in the portfolio.
The issue of privacy with this app is a double-edged blade. On the one hand, it allows generating new addresses for transactions so we can avoid traceability, and although we can exchange our assets with decentralized applications, the exchange from your exchange can pose a privacy risk. As you already know, Coinbase asks for KYC to create a web account, so if we want total privacy, I do not recommend that you exchange your cryptocurrencies with their exchange.
But we must also talk about the privacy that Coinbase Wallet incorporates, we can talk about its security. This wallet generates with a biometric algorithm a public and private key that is encrypted within the application itself through 12 keywords that we must remember, so that all the information is isolated from the internet, and we can create or recover an account without having internet connection. It is only necessary to enter the 12 words to recover our wallet whatever the device.
Does Coinbase Wallet allow Staking?
Coinbase Wallet does allow Staking. In case you have not yet found out, staking is obtaining an annual return for storing a cryptocurrency. This is possible thanks to the proof of work algorithms that many cryptocurrencies incorporate. To access the staking you can do it through the menu in the coins tab and choose the option Earn interest with your cryptos, where you can choose based on the percentage of annual profit that cryptocurrency you want to start staking.
Does Coinbase Wallet support NFT?
Coinbase Wallet is compatible with Ethereum tokens so it allows you to store non-fungible tokens. Although if you still don’t know what they are, NFTs are a technology that allows you to store digital works of art. That is, digital pieces that can be collected and that have the validity or security of the Blockchain. This allows us to have a validity of authenticity that verifies whether a work is authentic or not despite the fact that identical copies of it can be made.
Coinbase Wallet Features
- Compatible with thousands of currencies.
- It has a lock code.
- It is backed by Coinbase.
- Mobile-type wallet.
- It has a web extension.
- Allows you to connect to the Coinbase wallet.
- Compatible with Face id and Touch id.
- Compatible with the Ethereum blockchain.
- Open source.
- Allows staking.
- Allows you to store NFTs.
- Requires mail for registration.
- Compatible with Google Authenticator.
Is there a Coinbase Wallet for PC?
The Coinbase platform has a web browser extension, although you probably want to install the application on your desktop. Unfortunately there is no Coinbase Wallet application for PC, so if you want to be able to install Coinbase Wallet on PC or Mac (which is the same as running the Android version) you need the Bluestacks application. To install it, follow the instructions below.
Steps to download and install Coinbase Wallet on PC
- Download and install BlueStacks on your PC.
- Complete the login for accessing Google Play Store, or do it later.
- Search for Coinbase in the search bar in the upper right corner and install it.
- Complete your Google login (if you skipped step 2) to install Coinbase.
- Click on the Coinbase icon on the Bluestacks home screen to open the app.