With the growing popularity of cryptocurrency trading in our today’s finance sector, a wider range of crypto wallets is continuously emerging in the list of crypto platforms. If you are a beginner trader or investor in the crypto world and looking for the best cryptocurrency wallet for managing your cryptos then you are at the right place.
In this article, we will talk about Coinbase Wallet, a most popular and well-known crypto wallet which is available as a browser extension for Chrome and a mobile app for Android and iOS users.
In our further content, we will cover an easy step-by-step guide that will help you to buy and receive crypto coins or tokens on the Coinbase Wallet app on your device.
How to buy Crypto on Coinbase Wallet?
We have mentioned below an easy step-by-step guide that will help you to buy crypto tokens or coins on the wallet app of Coinbase within a few easy taps.
In the first step, open your preferred app store, download, and install Coinbase Wallet on your device, then create a new wallet for yourself on it. You can skip this step if you already created wallet on the app.
Launch the Coinbase Wallet application on your device.
Once the app is fully loaded or opened up, enter your login credentials to access your wallet.
Now, tap on the “Buy” tab and then connect it to your Coinbase account by following the on-screen instructions. You have to complete this step only for the first time.
Once you connect your Coinbase account to your wallet, you can simply buy crypto on it.
Now again tap the “Buy” button on the home page of the wallet app.
Select the token or asset from the available list that you would like to purchase.
Enter the amount in the given field that you would like to spend to complete the purchase.
After entering the amount, select the payment method.
Tap on the “Preview buy” tab.
Now you will be able to see the transaction details with the applicable network fee.
In the last step, you just have to tap on the “Confirm” button after reviewing the transaction details to finish the process of buying crypto on the wallet app of Coinbase.
Steps to receive crypto on Coinbase Wallet:
We have mentioned below an easy step-by-step guide that will help you to receive crypto tokens or coins from an external crypto wallet on your Coinbase Wallet within a few easy taps.
In the first step, launch your Coinbase Wallet App on your preferred mobile device.
Once the app is fully loaded or opened up, enter your login credentials to access your wallet.
Now, you have to tap on the “Receive” button and then connect your wallet to the Coinbase account by following the on-screen instructions. You have to complete this step only for the first time.
Once you connect your Coinbase account to your wallet, you can easily receive crypto from an external wallet.
Now, again tap the “Receive” button on the home page of the wallet app.
Select the crypto token or coin from the available list that you would like to receive.
Now, you have to tap on “copy the address of your asset”.
In the last step, you just have to share that copied address with the sender for receiving crypto in your wallet. You can also share your QR code with the sender.
Bottom Line:
Overall, buying and receiving crypto tokens or coins on the Coinbase Wallet is quick, simple, easy, and straightforward, it can be done in just a few steps. But if you are a new user on the app and unaware about how to buy and receive crypto then follow the instructions mentioned by us in our above content.
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