Coinbase Wallet setup: since September the Base App is called Coinbase Wallet again

You can set up Coinbase Wallet in a few minutes: download the app, choose an account type, create a backup and copy your first wallet address. The third step is the one that matters. The wallet is a self-custody wallet, so the keys are with you, and Coinbase cannot give you back lost access credentials. Anyone setting up Coinbase Wallet should therefore first know which of the three account types they are creating, because the backup and the supported coins depend on it.

On top of that comes a name change that makes many guides look out of date. In July 2025 Coinbase Wallet became the Base App, and since September 2026 it has been called Coinbase Wallet again. In the App Store, the version history of the current releases reads, word for word, “We’re now Coinbase Wallet”. This guide reflects the situation as of November 10, 2026 and explains how to set up the wallet app securely, which coins it supports and how to convert crypto back into euros.

Coinbase Wallet or Coinbase account: the difference between the wallet and the Coinbase exchange

Coinbase runs two products with almost identical names, and confusing them is the most common source of mistakes during setup. The Coinbase account belongs to the Coinbase exchange (Coinbase Exchange). There you buy bitcoin with euros, Coinbase holds the coins for you, and you log in with email, password and two-factor authentication. In the EU the exchange operates under a MiCA licence from Luxembourg; details on fees and licensing are in our Coinbase review.

Coinbase Wallet, by contrast, is a non-custodial wallet. A non-custodial wallet is a crypto wallet in which only the user controls the private keys; the provider merely supplies the software. Coinbase does not see your holdings as customer balances, cannot freeze them and cannot restore them either. The wallet does not need a Coinbase account. A linked account does, however, provide payment methods and makes transfers between the two worlds more convenient. According to the CryptoSlate review of Coinbase Wallet, the contracting party for the wallet is Coinbase Bermuda Technologies Limited, not the European exchange entity.

In practice, balances on the exchange and balances in the wallet are separate pots. Anyone who moves coins from the exchange into the wallet switches from custody by Coinbase to self-custody, with all the rights and responsibilities that brings. An overview of which software wallets exist alongside Coinbase Wallet, and how they differ in networks and backup, is available in our software wallet comparison.

From Base App back to Coinbase Wallet: what the September 2026 name change changed

The history of the name explains why three different names for the same app circulate online. In July 2025 Coinbase renamed the wallet the Base App and put social features, chats and mini apps front and centre. On September 10, 2026 it emerged that the app was once again called Coinbase Wallet; the official site base.app now carries the title “Coinbase Wallet”, and the App Store listing is called “Coinbase Wallet: Trade to Win”. With the old name came a new direction: the app puts trading at its centre, with limit orders, candlestick charts, tokenised stocks and commodities.

Important for existing customers: the classic interface of the old wallet was switched off on August 15, 2026. According to CryptoSlate, recovery phrases, addresses and supported balances were preserved, with no transfer or signature required. Older help articles still refer to the “Base App” or “Base Account”. You therefore cannot tell from the name alone which account type you have. The next section clears that up.

Three account types in the wallet app: email login, passkey and recovery phrase

When you first launch it, the Coinbase Wallet app asks how you want to secure your account. The choice matters more than the screen suggests, because it determines which blockchains you can use and how you regain access.

A recovery phrase (also called a seed phrase) is a sequence of 12 words from which all the private keys of a wallet can be derived. Whoever knows it owns the coins, on any device. A passkey is a cryptographic key that your smartphone or password manager manages and unlocks with a fingerprint or face recognition. A smart wallet is a smart contract on the blockchain that works like an account and can contain rules for access and recovery.

The table shows the catch with the most convenient option: according to CryptoSlate, a passkey smart wallet can hold neither bitcoin nor Solana. Anyone who wants to keep BTC in the wallet should choose the email login or the recovery phrase. For full control without depending on a Google or Apple account, the recovery phrase remains the most robust choice.

How to set up Coinbase Wallet in six steps: from download to your first wallet address

Setup works the same way on iPhone and Android. Only download the app from the official store: in Apple's App Store the listing is called “Coinbase Wallet: Trade to Win”, and the developer is Coinbase Wallet. Fake wallet apps with a similar icon are a well-known way of harvesting recovery phrases.

1. Download and install: install the app from the App Store or Google Play and open it. Before downloading, check the developer name and the number of ratings.
2. Choose an account type: tap “Create new wallet” and select one of the three account types from the table above. For bitcoin you need the email login or the recovery phrase.
3. Create a backup: for the recovery phrase, write down the 12 words in the correct order on paper or metal and pass the follow-up check. Never as a screenshot, never in a notes app.
4. Enable passcode and Security Lock: set a passcode in the settings and turn on the lock for opening the app and confirming transactions.
5. Link a Coinbase account (optional): if you want to transfer coins from the Coinbase exchange or buy with a card, connect the account. The balances remain separate.
6. Copy your wallet address: under “Receive”, choose the coin and the matching network. The app shows the wallet address as text and as a QR code.

The costliest mistakes happen at the last step. The same Ethereum address applies to all EVM networks, meaning Ethereum, Base, Arbitrum, Optimism, Polygon, Avalanche and BNB Chain. Anyone expecting USDC on Base but sending it via Ethereum will find the balance under the same address, but will pay significantly higher fees. Bitcoin and Solana have their own addresses. Send a small test amount first and check that it arrives.

Recovery phrase and cloud backup: which backup works if you lose your smartphone

The App Store listing advertises that you can log in with email, a Google or an Apple account and recover the wallet after losing a device. For the recovery phrase and passkey, the app also offers a cloud backup. A cloud backup is an encrypted copy of your access credentials in iCloud or Google Drive, protected by a separate password.

Convenience and security pull in opposite directions here. A cloud backup protects against the most common loss, a broken or stolen phone. But it ties the wallet to the security of your cloud account. Anyone who uses a weak password there or has not enabled two-factor authentication opens a second door. For smaller amounts the backup is a good addition. For larger sums, the recovery phrase should also be kept offline on paper or a metal plate, in a place only you know.

Three principles apply to every account type:

• Coinbase never asks for your recovery phrase, not by email, not in the support chat and not on the phone.
• Security Lock only protects the app on your device. Anyone who knows the recovery phrase can restore the wallet on another device and bypass any lock.
• If you have lost access and have no backup, you can no longer reach the coins. No provider can regenerate a recovery phrase.

How recovery with the 12 words works on a new device, including in a different app, is explained in our guide to restoring a wallet with the seed phrase.

Browser extension and hardware wallets: Coinbase Wallet on desktop with Ledger

Alongside the mobile app, Coinbase Wallet is available as a browser extension for Chrome and other Chromium browsers from the Chrome Web Store. The extension connects you to decentralised applications, or dApps for short: websites such as exchanges or lending markets that work directly with smart contracts on the blockchain. You can import an existing wallet into the extension using its recovery phrase or create a new one.

For larger holdings, connecting a hardware wallet is the strongest protection. According to CryptoSlate, the extension supports Ledger devices via USB. The private key then stays on the Ledger, and you have to confirm every transaction on the device itself. Malware on the computer therefore cannot approve a transfer.

If you already use another wallet, such as MetaMask or Trust Wallet, you can import its recovery phrase into Coinbase Wallet and manage the same addresses in both apps. It works the other way round too, because the phrase follows the widely used BIP39 standard. What setup looks like with the alternative is shown in our guide to setting up Trust Wallet.

Supported networks: Ethereum, Base, bitcoin, Solana and dropped coins

Coinbase Wallet works on several blockchains. According to CryptoSlate (documentation as of September 13, 2026), it supports the EVM networks Ethereum, Base, Arbitrum, Optimism, Polygon, Avalanche C-Chain and BNB Chain, plus bitcoin and Solana. In the App Store, Coinbase also lists Robinhood Chain and Monad as trading networks. EVM stands for Ethereum Virtual Machine: all EVM networks process the same token standards, such as ERC-20 for tokens and ERC-721 for NFTs.

Anyone holding Ethereum or tokens on Base gets the app's full range of functions. For bitcoin there is a restriction: you can receive, hold and send BTC, but not swap it within the app. For Solana the information in September was contradictory; one help page reported trading via decentralised exchanges as temporarily disabled, while the store promotes Solana trading. Check the trading screen before depositing SOL for a swap.

The overhaul dropped several networks, including Dogecoin, Litecoin, Bitcoin Cash, XRP and custom networks added by users. Balances on these blockchains are not lost; the coins remain at their addresses, and the app simply no longer displays them. You can access them by importing the recovery phrase into a wallet that supports the network in question.

Coinbase Wallet fees: swap fee of up to 1 percent plus network fee

The app itself is free. Costs arise mainly in two places. When swapping tokens, the wallet charges a fee of up to 1 percent per trade, according to CryptoSlate and Coin Bureau. Swaps are routed through aggregators of decentralised exchanges; Coinbase notes in the App Store that the wallet itself does not exchange crypto-assets. On top of that comes the network fee on every transaction, which goes to the validators of the respective blockchain and varies with network load.

A worked example shows the order of magnitude: anyone swapping €1,000 worth of tokens pays up to €10 in swap fees at 1 percent. On a regulated exchange, the trading fee for the same amount is often lower, depending on the provider and order type. For frequent trading, the wallet is therefore rarely the cheapest option, but for an occasional swap straight from self-custody it is convenient.

Some perks are not available in Germany. According to the App Store, USDC rewards of up to 3.35 percent a year are not available in the EU. When sending USDC on Base, Coinbase covers the network fee up to $0.30 per transaction and at most $2 a month. The app offers perpetual futures via Hyperliquid only in selected countries outside the US; leveraged products can wipe out a stake completely within hours.

Finding your wallet address and cashing out: the route from the wallet back to your Coinbase account

One of the most common search questions is how to get money out of Coinbase Wallet. The wallet itself does not pay euros out to a bank account. The route goes through an exchange: you send the coins to a deposit address on your exchange, sell them there for euros and transfer the amount to your current account via SEPA.

With a linked Coinbase account, you do this in the app via “Send” and by selecting the account as the destination. Without a link, you copy the deposit address for the coin and the matching network on the exchange and paste it into the wallet. You can find your own wallet address at any time under “Receive”: choose the coin, choose the network, then copy the address or have the QR code scanned.

Self-custody changes nothing for tax purposes. In Germany, gains from selling cryptocurrencies are tax-free under Section 23 of the Income Tax Act if more than one year passes between purchase and sale. A token-to-token swap also counts as a disposal. Anyone who swaps frequently in the wallet should document their transactions, because unlike an exchange, the wallet does not provide a tax report.

Is Coinbase Wallet safe? Security, phishing and the limits of self-custody

Behind the wallet stands Coinbase Global, a company listed on the Nasdaq. The smart wallet contracts are public under the MIT licence and, according to CryptoSlate, were audited by Cantina, Certora and Code4rena; the app itself is not fully open source. A vulnerability in the wallet-sdk developer package reported in February 2025 was fixed with version 4.3.0, and according to Coinbase, users' keys and balances were not affected.

The bigger risk lies with the user. In May 2025 Coinbase disclosed that bribed support staff had passed on customer data; according to Coinbase, passwords, private keys and balances were not affected. Such data make fake support calls more convincing. The rule against them is simple: Coinbase cannot move balances in a self-custody wallet and therefore never needs your recovery phrase or a “protective transfer”. Anyone who asks for one is a scammer.

To guard against harmful websites, the app blocks known phishing sites and shows a preview of the transaction before you sign. That preview is an estimate. Before every approval, read which tokens a contract is allowed to move, and revoke old approvals you no longer need. How to secure a wallet in general, from the PIN to storing the phrase, is described in our guide to setting up and securing a crypto wallet in the wallets section.

Coinbase Wallet: the backup counts for more than the app's name

Base App or Coinbase Wallet: the account type and the backup determine whether you can still reach your coins in five years' time. Three steps get you to a setup that fits your holdings.

1. Choose the right wallet: check in the software wallet comparison whether Coinbase Wallet supports all the networks you need, or whether an alternative fits better.
2. Secure larger amounts offline: once a sum is large enough that losing it would hurt, the key belongs on a dedicated device. Models and prices are in the hardware wallet comparison.
3. Deposits and withdrawals via a regulated exchange: to convert euros into crypto and back, use an exchange with MiCA authorisation. Which providers are licensed in Germany is shown in the comparison of regulated crypto exchanges.

(As of November 10, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)