This article will provide a detailed guide on the Coinbase Wallet app, its use, purchasing the USDC stablecoin on the BASE Network, and how to make anonymous debit card payments.
About your Privacy: This app will never ask for your identity, since it is a decentralized medium, which means that you and only you are responsible for the management of this wallet. It will only ask for personal data at the time of payment, but that is normally data from your payment method, in this case your DEBIT CARD or selected payment method.
Introduction to Coinbase Wallet
Coinbase Wallet is a decentralized cryptocurrency wallet app that allows you to securely store your digital assets, make transactions, and access a variety of DeFi (Decentralized Finance) services.
What is Coinbase Wallet Used for?
Coinbase Wallet is used to securely store, send, and receive cryptocurrencies, and is also useful for accessing various applications and services within the blockchain and DeFi ecosystem. With this wallet, users can have full control of their funds and keep their privacy protected.
How to Install Coinbase Wallet
1. Download the Coinbase Wallet app from your device's app store (available on iOS and Android).
2. Create a new wallet or import an existing one by following the setup instructions.
3. Set up your wallet with recommended security layers, such as a PIN, biometric authentication, and recovery phrase backup.
In summary, here we leave you a video that provides all the information in VIDEO form:
Important Note: In the Video they explain with Ethereum what is equal to ETH in its initials. You should buy USDC on the BASE network not Ethereum.
How to Buy USDC on the BASE Network
1. Access the exchange section within Coinbase Wallet.
2. Select USDC as the cryptocurrency to buy and select the BASE network which normally comes as Ethereum or ETH, so you must change it to the BASE network. This will allow you to make payments for free or for less than 5 cents normally.
3. Connect your debit card as a payment method.
4. Confirm the transaction and follow the instructions to complete the USDC purchase.
Anonymous Payment with Debit Card
1. Use the USDC acquired to make payments in businesses that accept this cryptocurrency.
2. When checking out, select the USDC payment option and authorize the transaction with your Coinbase Wallet PIN.
3. The transaction will be processed quickly and anonymously, as cryptocurrency payments do not require additional personal information.
In short, Coinbase Wallet is a powerful tool for managing cryptocurrencies, and with the ability to purchase USDC on the BASE network and make anonymous debit card payments, users can enjoy greater privacy and speed in their financial transactions.
**Always remember to manage your private keys securely and be aware of any updates or changes to the application's security policies.**
