Do you find it cumbersome to keep track of multiple cryptocurrency wallets? When you're already using both MetaMask and Coinbase wallets, why not merge them into one wallet?
In this article, You'll walk through the process of importing your MetaMask wallet into Coinbase Wallet, so you can easily manage all your holdings in one place. So, let's get started!
What is Coinbase Wallet?
Have you heard about Coinbase Wallet? It's a cryptocurrency wallet designed by Coinbase, a US-based digital currency exchange. One of its major features is that it's a non-custodial wallet, giving you complete control over your private keys and digital assets.
This wallet is available for both iOS and Android devices and as a browser extension for Google Chrome. With Coinbase wallet, you can securely store, send, and receive different cryptocurrencies. Plus, you can access decentralized applications (DApps) on the blockchains which are supported by Coinbase wallet and take advantage of decentralized applications.
What is MetaMask?
Looking for a secure and convenient way to store and manage your tokens on very different blockchains in one wallet? MetaMask is the solution for you. It's available on Android and iOS devices and as a browser extension that can be installed on a variety of browsers including Chrome, Firefox, Opera, and Brave.
With MetaMask, you can securely store your digital assets, easily connect to decentralized applications (DApps), and take advantage of various DeFi protocols.
Import MetaMask Wallet in Coinbase Wallet
Step 1: Exporting MetaMask Wallet Private Key
Open MetaMask wallet in your device.
Navigate to profile icon and click Settings.
Click Security and privacy.
Click Reveal Secret Recovery Phrase.
Enter your password and click Next.
Place cursor on Hold to reveal SRP and press left click for few moments.
You now have your MetaMask secret recovery phrase. Simply copy it and you'll be ready to import your wallet into Coinbase wallet.
Step 2: Importing MetaMask Private Key to Coinbase Wallet
Click Enter recovery phrase.
Enter your MetaMask secret recovery phrase and click Import wallet.
Now your MetaMask wallet has imported in your Coinbase wallet.
Frequently Asked Questions
1. Can I import all my cryptocurrencies from MetaMask Wallet to Coinbase Web3 Wallet?
Unfortunately, Coinbase Wallet is limited to supporting only a few blockchain networks. Therefore, your cryptocurrencies other than these chains in your MetaMask Wallet, you won't be able to import them into Coinbase Wallet. However, you won't lose them, and you can still access them in your MetaMask Wallet at any time.
2. Which blockchains do Coinbase Wallet support?
Coinbase wallet supports Ethereum, Polygon, Fantom Opera, BNB, Avalanche C-Chain, Ehtereum Classic, Gnosis and Optimism networks.
3. Is it possible to lose my assets during the import process?
While the chances are low, there is a possibility of losing your assets during the import process if you make a mistake. Therefore, it is important to follow the steps carefully and ensure that your private keys are secure.
4. Is Coinbase Wallet safe and secure?
Coinbase Wallet is a non-custodial wallet that provides you with complete control over your private keys and digital assets. It employs various security measures such as multi-factor authentication, biometric authentication, and encryption to ensure the safety of your funds.
5. Does Coinbase Wallet and MetaMask have their own tokens?
No. They don't have their tokens like Trust wallet.