The Coinbase Wallet extension is a browser-based tool that allows users to access and manage their cryptocurrency assets directly from their web browser. Here are the key points about the Coinbase Wallet extension:

  1. Functionality: The extension enables users to explore decentralized applications (dapps), trade on decentralized exchanges, collect NFTs, and perform other crypto-related activities without needing to confirm transactions on a mobile device.
  2. Installation: Users can install the Coinbase Wallet extension from the Chrome Web Store.
  3. Setup options:
    • Create a new wallet
    • Import an existing wallet using a 12-word recovery phrase
    • Connect a Ledger hardware wallet
  4. Security features:
    • Two-factor authentication (2FA) for enhanced account protection
    • Password-protected access to the wallet
    • 12-word recovery phrase for wallet backup and recovery
  5. User interface: The extension integrates with Chrome or Brave browsers, allowing users to interact with dapps and web3 services seamlessly.
  6. Supported networks: It works with Ethereum and EVM-compatible networks like Avalanche, Polygon, and BNB Chain. It also supports sending and receiving Solana and SPL tokens.
  7. Funding options:
    • Buy crypto directly through Coinbase Pay
    • Transfer crypto from a Coinbase account
    • Send crypto from other wallets like MetaMask
  8. Additional features:
    • Web3 username for easy identification
    • Access to decentralized finance (DeFi) applications
    • NFT collection management
  9. Availability: The Coinbase Wallet is available as both a mobile app and a desktop browser extension.

To get started with the Coinbase Wallet extension, users need to install it from the Chrome Web Store, create a new wallet or import an existing one, and securely store their recovery phrase. The extension offers a convenient way for users to interact with the growing world of decentralized finance and web3 applications directly from their web browser.