How to Recover Coinbase Wallet?

Would you like to learn how to recover coinbase wallet? This guide can help you gather more details now if that's the case. Wallets like Coinbase are great for various purposes, and they are the most effective cryptocurrency wallets available. The store supports a wide variety of cryptocurrencies, including Ethereum, Bitcoin, XRP, and many others. 

A 12-word recovery phase is available when you create an official Coinbase wallet account. In the event of losing access, such a phrase can help you recover the wallet. This is why you must store these recovery phrases in a safe place after you have written them down.

This features encrypted iCloud and Google Drive storage, so if you lose your recovery phrase, you can restore it via iCloud and Google Drive. You can learn more about how to recover your Coinbase wallet here. Including the location of the recovery phase, what happens when the phase is lost, and other information. 

What is a Coinbase wallet?

The Coinbase wallet uses hot storage, which means it is connected to the internet, which makes it non-custodial. A high-security standard is known as part of the Coinbase crypto exchange. Using this wallet is free for anyone, regardless of whether you're a Coinbase customer.

Simple Steps to Recover Coinbase Wallet

Here are very easy steps to be followed to recover the Coinbase wallet. But make sure to follow all the steps very carefully.

Step1:- Download the Coinbase app and select "I already have a wallet"

Step2:-  Recover the Coinbase wallet via iCloud, Google Drive, or the recovery phase on Coinbase

Step3:-  Enter the 12-word recovery phase 

Step4:- Enter the passcode or use your Touch ID to log in

Step5:- Backup the wallet 

Step6:-  The wallet for Coinbase has been recovered

What if You Lose Your Coinbase Recovery Phase?

Coinbase will not be able to recover your wallet for you if you lose your Coinbase recovery phase. Coinbase will also not be able to help you recover your wallet since they don't have access to the recovery phase. Even though this is the case, you can still restore your recovery phrase if you have backed it up on iCloud or Google Drive. You can restore your Coinbase wallet using iCloud or Google Drive by opening the Coinbase wallet app, tapping "I already have a wallet" and choosing "I already have a wallet".

Coinbase Wallet Fees

You don't have to pay anything to use the Coinbase wallet, which is available for download free of charge, and you can use it to store crypto in your wallet for free. Transaction fees paid to the blockchain network are known as gas fees, which are attached to cryptocurrency transactions. If you use Coinbase Wallet to send and receive cryptocurrency, you'll have to pay these gas fees. Since the blockchain charges these fees, they are not Coinbase fees. You can trade cryptocurrency on Coinbase through its decentralized exchange integration. An additional 0.50% is charged for this service by the Coinbase wallet.

In addition to this exchange's other services, you may have to pay fees. A cryptocurrency exchange like Coinbase charges a fee for buying and selling cryptocurrency, for example. There are separate fees associated with Coinbase wallets. If you use your wallet without paying any Coinbase fees or using the exchange, you won't have to use the exchange. If you have any issues related to crypto wallet you can contact coinbase customer support advisor. They will be resolve your query ASAP.