What is Coinbase wallet?

Life on the blockchain made simple and secure. Coinbase Wallet is a self-custody wallet, giving you complete control of your crypto. Safely store and easily view all of your Ethereum and Polygon NFTs right in your Wallet. Additional security options on all of your devices provide more ways to keep your crypto safe and secure.

Can I use a private key to sign into Coinbase wallet?

Yes, you can. Every wallet uses a private key to secure its assets which you can import into Coinbase Wallet. Just look for the 12 word recovery phrase or mnemonic in the settings menu of your current wallet and then use that same 12 word phrase to sign into Coinbase Wallet.

What is Coinbase consumer?

Coinbase.com a.k.a Coinbase Consumer is a digital currency brokerage - you use it to buy or sell cryptocurrency in exchange for fiat currency (i.e. USD or your local currency). Coinbase Consumer can also act as a custodian, storing your digital currency for you after you purchase it. Coinbase Consumer is available in 32 countries.

Why do I need Eth in my Coinbase wallet account?

You will need ETH in your Coinbase Wallet account in order to pay a miner’s fee when sending this cryptocurrency. This is because ERC-20 tokens are issued on the Ethereum blockchain and transactions on the Ethereum network, such as sending ERC 20 tokens, require Ether.