Question about coinbase wallet app. Not coinbase wallet

[BitcryptoHan 2557]

Some people do not actually know the difference between coinbase wallet and coinbase wallet app. But I will differentiate both for you. 

 

Coinbase wallet

This wallet is a custodial wallet, which means, it private key(s) is managed by coinbase, no private key can owned by people using the wallet. Which means, people using the wallet do not have any fund stored on blockchain but with coinbase. They have a mobile app on app stores which can confuse people to think it is the same as coinbase wallet app. You can also access the funds through their official website, coinbase.com.

 

 

Coinbase wallet app

This is said to be a decentralized wallet, it also belong to coinbase, it gives private key(s) to users. It has seed phrase. 

 

Question

I have tried to locate my private key on coinbase wallet app but I did not see it. Can anyone tell me how I can access the private key?

 

 

 

[CrazyIvan 258]

From what I have found on their website, you should be able to find it in:

 

Settings --> Recovery Phrase

 

Let me know if you can find it, I can check later today myself, no time now

[BitcryptoHan 2557]

I was unable to find it. Maybe you can try it out to see yourself. Only seed phrase is revealed. But, I hope this seed phrase is truly BIP39? But, I will still find out on iancoleman to know if truly it is BIP39 seed phrase. If so, that means it means the private key(s) is just hidden but it has. 

[CrazyIvan 258]

9 minutes ago, BitcryptoHan said:

I was unable to find it. Maybe you can try it out to see yourself. Only seed phrase is revealed. But, I hope this seed phrase is truly BIP39? But, I will still find out on iancoleman to know if truly it is BIP39 seed phrase. If so, that means it means the private key(s) is just hidden but it has. 

Well yes, if you really mean the Private keys, you probably can't see them in the app. For that, you'll most likely need a desktop wallet (I believe you can reveal them in electrum). 

 

The seed phrase should work fine for wallet recovery, even if it is not a BIP39 seed (very unlikely), there are still ways to import them in Electrum. 

[BitcryptoHan 2557]

4 minutes ago, CrazyIvan said:

Well yes, if you really mean the Private keys, you probably can't see them in the app. For that, you'll most likely need a desktop wallet (I believe you can reveal them in electrum). 

I have tried it on iancoleman some minutes ago, it worked actually. That means it is truly BIP39 seed phrase. 

5 minutes ago, CrazyIvan said:

The seed phrase should work fine for wallet recovery, even if it is not a BIP39 seed (very unlikely), there are still ways to import them in Electrum. 

If the seed phrase is not BIP39, it will not be able to work on any other noncustodial wallet except the coinbase. But, it will actually work on electrum as it have both derivation part for both legacy and native segwit addresses that coinbase wallet app support, but this only applies to bitcoin which makes electrum not perfect at all. Using Coinomi that have both derivation parts and also having cryptocurrencies that coinbase wallet has is one of the perfect options. 

[Raqeebzy 6456]

Do you have the latest version? If not, try to update, go to the settings and recovery phrase. Try to backup it up on cloud storage if you can't find manually. Then you can just decrypt normally later with your wallet password. 

There won't be any harm trying that.

[malik6314193 5449]

8 hours ago, BitcryptoHan said:

Question

I have tried to locate my private key on coinbase wallet app but I did not see it. Can anyone tell me how I can access the private key?

Just open the wallet app and click on the sitting, there you will find recovery phase on second or third place. From there you can get your private keys. 

And thanks for sharing difference between wallet and wallet app. I am using coinbase wallet app. 

[BitcryptoHan 2557]

14 hours ago, malik6314193 said:

Just open the wallet app and click on the sitting, there you will find recovery phase on second or third place. From there you can get your private keys. 

And thanks for sharing difference between wallet and wallet app. I am using coinbase wallet app. 

I have the latest version of the app running on my android phone, using the settings, I can only see my recovery phrase. You can not access the private key on the wallet. This is not a question for me again because I am now certainly sure that you can not get the private key on your phone using the wallet. But it is truly BIP39 private key, I have used iancoleman to check it. So, if imported into other noncustodial wallet, your funds will also appear there. Which means, you can use the seed phrase of generated by the wallet as a recovery phrase on other noncustodial wallet too. 

[Yomose 3704]

You can not access your recovery phrase on this wallet, only the setting can be used to access the seed phrase. Normally, the seed phrase is the normal seed phrase wallets like electrum, atomic, coinomi, hardware wallets and many noncustodial wallets are supporting. You can also make use of the seed phrase instead of making use of private keys. 

[BitcryptoHan 2557]

57 minutes ago, Yomose said:

You can not access your recovery phrase on this wallet, only the setting can be used to access the seed phrase. Normally, the seed phrase is the normal seed phrase wallets like electrum, atomic, coinomi, hardware wallets and many noncustodial wallets are supporting. You can also make use of the seed phrase instead of making use of private keys. 

Well, I will say you are right @Yomose, seed phrase even link all private keys together, you can having as many as possible cryptocurrencies stored onna wallet with different private keys which are still linked together by just 12 to 24 words called the pass phrase. I agree. 

[Yomose 3704]

48 minutes ago, Mostakim694 said:

I think coinbase app coinbase wallet is same. You can not access your recovery phrase on this wallet. Only the setting can be used to access the seed phrase. Coinbase is one of the best wallet in this platform. Many people used this wallet.

@Mostakim694 No, coinbase wallet is not the same as coinbase wallet app. While using coinbase wallet, coinbase control the private key. While on coinbase wallet app, you generate your own private keys through the wallet. You will give the seed phrase to the private key. 

[scorpiali 5626]

In my personal use of counbase Wallet I think it's the same the coins you store in your website version you can access them with the application just need to log to your account, about the recovery you find it in your settings 

[Relium 424]

On 9/15/2020 at 11:07 AM, BitcryptoHan said:

Some people do not actually know the difference between coinbase wallet and coinbase wallet app. But I will differentiate both for you. 

 

Coinbase wallet

This wallet is a custodial wallet, which means, it private key(s) is managed by coinbase, no private key can owned by people using the wallet. Which means, people using the wallet do not have any fund stored on blockchain but with coinbase. They have a mobile app on app stores which can confuse people to think it is the same as coinbase wallet app. You can also access the funds through their official website, coinbase.com.

 

 

Coinbase wallet app

This is said to be a decentralized wallet, it also belong to coinbase, it gives private key(s) to users. It has seed phrase. 

 

Question

I have tried to locate my private key on coinbase wallet app but I did not see it. Can anyone tell me how I can access the private key?

 

 

 

 

unfortunately you can't see your private keys both apps directly but you can see your private keys with your 12 word back up.

First you need to write your 12 word backup somewhere.
Than download atomic wallet app to your device (pc would be great for more accesiblity)
Setup atomic wallet and start it, you will see restore wallet option. Click it
Write your 12 word backup here and load wallet.
Click setting tab, you are going to see private keys tab at top. Click it and get your ethereum bitcoin and litecoin private keys.

[Yomose 3704]

21 hours ago, scorpiali said:

In my personal use of counbase Wallet I think it's the same the coins you store in your website version you can access them with the application just need to log to your account, about the recovery you find it in your settings 

No, it is nothing same, Tuesday website version does not make use of any recovery phrase, it does not also make use of users having private keys. The coinbase wallet app is not the same as coinbase wallet. 

17 hours ago, Relium said:

 

unfortunately you can't see your private keys both apps directly but you can see your private keys with your 12 word back up.

First you need to write your 12 word backup somewhere.
Than download atomic wallet app to your device (pc would be great for more accesiblity)
Setup atomic wallet and start it, you will see restore wallet option. Click it
Write your 12 word backup here and load wallet.
Click setting tab, you are going to see private keys tab at top. Click it and get your ethereum bitcoin and litecoin private keys.

I do not think this is a good idea. Having the same seed phrase on two online wallets at the same time will reduce the safety of the cryptocurrencies stored. The best is to use what has already been explained above, which is the use of iancoleman. It can be used offline, input your seed phrase, the private key will be automatically generated. It should be done offline. 

[mahmud93 231]

Actually it's too difficult to me to locate where the wallet address is and also private key I'm also need some assistance to know it

[SuperCrypto 7193]

After downloading the application and creating a new wallet, you will be given a secret recovery passphrase, which will allow you to access your wallet, in case your device is lost or stolen. It would be a good idea to write this right away, but you can choose to "skip" this step and do it later.
The 12-word word retrieval must be written down before dragging it into the correct order on the screen and completing the registration, now you are ready to use your CoinBase wallet!

[luisra21lu 21]

Your explanation helped me understand the difference since I do not know very well about these topics, but I try to read and look for explanations like yours regarding Wallets like this. from the heart thank you very much for the explanation Thankful
 

[Rida nasir 801]

Coin base wallet latest version ios users can backup their private keys to iclode and android usees can backup their private keys to Google drive.To activate cloud backup just update your coinbase wallet apo to the latest version.When open the latest version app you should see a popup explaining iclode or google Drive backup .Tap Backuo now to backup your private keys now.

[Shoail 218]

I think Coinbase Wallet apps Good and Easy to use its Many people use it because its security options are very good and people keep and take advantage of this currency within and took adventage  

[Malik Abdullah 376]

I hope coinbase is very secure wallet. This is very comfortable wallet to use. But i really didn't know difference between coinbase wallet and coinbase app. I really thank full to you for this topic. This topic is really informative for me.

[Bitpapacoins 61]

5 hours ago, Shahzaib khan said:

The coinbase application is very secular as well as the coinbase website. I think Coinbase Wallet apps Good and Easy to use its Many people use it because its security options are very good and people keep and take. 

The coinbase wallet is not common at all, this is the first time I am hearing there is a difference between coinbase and coinbase wallet, that means it will be good to make use of the wallet instead of coinbase. Coinbase is common but I believe only few will know coinbase wallet. I will check the playstore now to check if truly there is a wallet called coinbase wallet. 

[Kingkhan12 334]

Its wonderful to read this post.

I am very thankful to you. Also very glad to read this post.

Dear I don't know about your question because I can't use this.

[M arbaz 294]

Hi my dear. After downloading the application and creating a new wallet, you will be given a secret recovery passphrase. To activate cloud backup just update your coinbase wallet apo to the latest version. 

You can also make use of the seed phrase instead of making use of private keys

[RJ Watson 17]

Every online platform has some types of issues regarding the security. But the coinbase app is more then 99 percent safe because it store the user crypto assists in a cold storage. Coinbase app is available at the Google play store where you can download this app.

[M.A Ghourie 121]

I am not aware about the difference b/w  these two wallets.But I can guess the difference that one wallet use app for managing the private keys. While the other have other system of managing private keys.