Trust Wallet and Coinbase Wallet are two popular cryptocurrency wallets. Trust Wallet is primarily a mobile wallet that allows users to store, send, receive, and exchange various cryptocurrencies on their smartphones. It is also available as a browser extension, but with limited functionality.
Coinbase Wallet, on the other hand, is available both as a mobile app and a browser extension that allows you to interact with decentralized applications (DApps) on the Ethereum blockchain. The Coinbase Wallet supports Ethereum and different other chains, as well as Bitcoin, Litecoin, and Bitcoin Cash on its mobile app.
You can easily transfer your assets from Trust Wallet to Coinbase Web3 Wallet without having to sell or move them to another wallet, by following the steps outlined in this article.
Import Trust Wallet in Coinbase Crypto Wallet
Step 1: Exporting Trust Wallet Private Key
Open the Trust wallet in your device. Click Settings.
Click View Secret Phrase.
Enter your wallet password and click Reveal.
Now, you have your Trust wallet secret phrase in front of you. Just click Copy and you've got it.
Step 2: Importing Private Key to Coinbase Web3 Wallet
Download and set up the Coinbase wallet. Open it in your device. Click I already have a wallet.
Click Enter recovery phrase.
Enter your secret recovery phrase and click Import wallet.
Now your Trust wallet has imported in your Coinbase wallet.
Frequently Asked Questions
1. Can I import all my cryptocurrencies from Trust 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 Trust Wallet, you won't be able to import them into Coinbase Web3 Wallet. However, you won't lose them, and you can still access them in your Trust 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. What should I do when I lose my Trust Wallet private key?
When you lose your Trust wallet private key, you may not be able to access your cryptocurrency funds. Therefore, it is important to keep your private key secure and to make a backup of it.
5. Is Coinbase Wallet decentralized?
Coinbase Wallet is a type of cryptocurrency wallet that is non-custodial, meaning you have full control over your private keys and assets. It also enables you to interact with decentralized applications on the Ethereum and Solana blockchain. However, it's essential to understand that while Coinbase Wallet provides a certain level of decentralization, it's not completely decentralized as it is still owned and operated by Coinbase, a centralized exchange.