Other Info

The steps to setting up a digital wallet depend on which wallet you choose.

To choose a wallet and with more general information about wallets and how to choose and set them up, check out the info on our Crypto Cashback page.

Coinbase Wallet is a free, user-controlled crypto wallet that allows you to manage your private keys. It’s separate from the Coinbase exchange, where Coinbase holds your keys for you (custodial wallet).

Here’s a step-by-step guide on how to get a Coinbase Wallet:

Step 1: Download the Coinbase Wallet App

Coinbase Wallet is available for mobile devices (iOS and Android) and as a browser extension.

For Mobile:

Go to the App Store (for iPhone) or Google Play Store (for Android).

Search for “Coinbase Wallet” (make sure you select Coinbase Wallet and not just the Coinbase app for the exchange).

Tap Download and install the app on your phone.

For Desktop (Browser Extension):

Open your Chrome or Brave browser.

Go to the official Coinbase Wallet Extension page here.

Click Add to Chrome and follow the instructions to install the wallet extension.

Step 2: Set Up Your Wallet

Create a New Wallet:

Open the Coinbase Wallet app or browser extension.

Tap or click Create New Wallet.

Choose a Username:

Backup Your Recovery Phrase:

The wallet will generate a 12-word recovery phrase. This phrase is essential for recovering your wallet if you lose your phone or forget your password.

Write down the phrase on paper and store it in a secure location. Never share this phrase with anyone.

Confirm the Recovery Phrase:

The app will ask you to verify your recovery phrase by selecting the words in the correct order.

Step 3: Start using your Wallet

You can fund your wallet, buy crypto or receive crypto with your new wallet.

With Stack Mobile, you are getting Crypto Cashback for something you do every day - use your phone. All this comes with competitive pricing and no extra costs.

Check out our Crypto Risk Disclosure

Trading in cryptocurrencies comes with significant risks, including volatile market price swings or flash crashes, market manipulation, and cybersecurity risks. In addition, cryptocurrency markets and exchanges are not regulated with the same controls or customer protections available in equity, option, futures, or foreign exchange investing. Cryptocurrency trading can lead to large and immediate financial losses and is suitable only for investors who can bear such losses.

HODL (a.k.a. Hold On for Dear Life) is an acronym often used in the crypto universe which embodies the idea of holding on to your crypto for the long term. Many cryptocurrencies have a limited market supply, thus it is expected (but not guaranteed) that the value of cryptocurrencies will continue to rise due to supply/demand constraints that accompanies more widespread acceptance and user adoption. This is just about collecting and keeping the rewards in your designated crypto wallet and continuing to stack your rewards over time!

Dogecoin is a cryptocurrency that started as a joke but has since gained a significant following and real-world value. It was created in December 2013 by software engineers Billy Markus and Jackson Palmer, who wanted to create a fun, light-hearted alternative to Bitcoin. Like Bitcoin and other cryptocurrencies, Dogecoin operates on a decentralized, peer-to-peer blockchain. Transactions are verified by network nodes through cryptography and recorded in a public ledger. Unlike Bitcoin, which has a capped supply of 21 million coins, Dogecoin has no maximum supply. This means that there is an unlimited number of Dogecoins that can be mined, which contributes to its lower price compared to other cryptocurrencies.

There are many great sources of information available to you. Look around and, if you would like, take a look at CoinDesk and Cointelegraph for some high authority information.