If the high network fee does not concern you, then you can continue with the wallet blog. As we were saying, this wallet has several features that will blow your mind. The services of this Coinbase Wallet are available in several different countries such as Germany etc.
In this blog, we will explain several different facts about the wallet here, that you might have heard of but do not know in depth about them. So, get ready and dive into the following facts.
What is a Coinbase Wallet?
Before the fact list, this right here is a short overview of the wallet for the people who forgot about it. Coinbase works both as an exchange for the crypto transfer as well as the wallet to store your possessed coins. So, it is basically a two-in-one platform but you need to create separate accounts on both wallets to use them. Also, as a trader, you should be aware of the fact that it is not at all compulsory for you to use both of the services provided by Coinbase Wallet Most people think that they have to use both of them but in reality, this is not the case, it does matter whether you’re using the account from Berlin or any other country. Now that we’ve cleared the meaning of this wallet, let us move to further sections of the blog.
Importance of the Seed Phrase
Do you know how much importance does your Seed Phrase holds? No, you don’t, all you know is that is an important aspect of every software and hardware wallet and that’s all. There’s nothing else, you know about it. This seed phrase is the only thing that holds your account together. As long as you have this seed phrase safe and protected, no harm can be done to your account. People from all countries including Hamburg, receive a combination of unique words as a secret recovery phrase and even the length of that seed phrase may vary from person to person. If your seed phrase gets in the hands of an unreliable person then your account is at risk. Because the user can easily unlock your Coinbase wallet account with the said seed phrase. And nobody would be able to protect your funds. Thus, this is the reason you need to safeguard your seed phrase.
Use of Seed Phrase
If you cannot recall your password at the time of the login, then in this situation you will use your seed phrase. This is the procedure you must follow it is the same for almost all the countries including Munich:
- Open your Coinbase browser extension.
- Tap the Forgot Password button.
- Click on the option of Sign out.
- Now, select the length of your seed phrase from the list.
- Enter the seed phrase with the proper sequence
- Check for the mistakes.
- Click Continue.
And now complete the further instructions on the display to reset the password.
The Bottom Line!
As your trusted guide, we tried our best to educate you about the seed phrase of Coinbase wallet and its importance as well. And we hope that we were successful in doing so. Use the services of the support team if you feel that you are in problem.
