Coinbase Wallet is one of the most popular cryptocurrency wallets.
You can securely store cryptocurrencies like Bitcoin, Ethereum, XRP, and more.
When you create a Coinbase Wallet account, you will be given a 12-word recovery phrase.
The phrase can be used to recover the wallet if you happen to lose access to it.
So, it is important to jot down the 12-word recovery phrase and store it in a safe place.
The wallet also has an encrypted feature of Google Drive and iCloud.
If you lost the recovery phrase, you can restore it using Google Drive or iCloud.
In this guide, you will learn how to recover your Coinbase wallet, where the recovery phase is, what happens if you lose the recovery phrase, and more.
Table of Contents:
How to Recover Your Coinbase Wallet
To recover your Coinbase wallet, you need to log in with your 12-digit recovery phrase.
After entering the recovery phrase, your Coinbase wallet will be restored.
If you forgot the recovery phrase, you can use iCloud or Google Drive to recover it.
Unfortunately, if you haven’t backed up your recovery phrase, you won’t be able to recover your Coinbase wallet.
Coinbase won’t be able to retrieve your recovery phrase for you as well because they don’t have access to it.
Here’s how to recover your Coinbase wallet:
1. Open the Coinbase Wallet app and tap “I already have a wallet”
First, you need to open the Coinbase Wallet app on your mobile device.
After opening the app, you will see a couple of options.
This includes “Create a new wallet” and “I already have a wallet.”
Since you are looking to recover your Coinbase wallet, tap on “I already have a wallet”.
2. Restore your Coinbase Wallet with Google Drive, iCloud or your recovery phrase
After tapping on “I already have a wallet”, you will land on the “Restore Wallet” page.
On the page, you will see the option “Restore with restore phrase”.
If you have backed up the restore phrase using iCloud, you will also see the “Restore with iCloud” option.
On the other hand, if you have backed up the recovery phrase using Google Drive, you will see the “Restore with Google Drive” option.
You can use one of the options to recover your Coinbase wallet.
In this guide, we will use the “Restore with reset phrase” option instead.
Tap “Recover with Recovery Phrase” to start recovering your Coinbase wallet using your 12-digit recovery phrase.
3. Enter your 12-word recovery phrase
After tapping on “Restore with Reset Phrase”, you will land on the “Log in with a reset phrase” page.
Now, you need to enter your 12-word recovery phrase in the “Recovery Phrase…” field.
Keep in mind that you need to know the recovery phrase to log in.
You should have saved it previously in a safe place.
If you have lost access to your recovery phrase, you will not be able to recover your Coinbase wallet.
After entering the 12-word recovery phrase, tap “Next” to recover your wallet.
4. Use Touch ID or set a passcode
After entering the 12-digit recovery phrase, you will land on the “Protect your wallet” page.
Now, you need to add an extra layer of security to keep your wallet safe.
Whenever you log in to your Coinbase wallet after logging out, you have to repeat this procedure.
If you’re using an iOS device, there will be a couple of security options including “Use Touch ID” and “Set Up Passcode.”
Since Touch ID is recommended, tap “Use Touch ID”.
5. Back up your wallet
After tapping on “Use Touch ID”, you will land on the “Back up your wallet” page.
The page states that you will be shown a secret recovery phrase on the next screen.
This is the same recovery phrase you used to recover your Coinbase wallet.
Tap the checkbox to accept that you won’t be able to access your account if you lose the recovery phrase.
If you haven’t backed up the recovery phrase to iCloud or Google Drive, tap “Back Up Now” to do so.
Otherwise, tap “Later” to do it later.
6. You have successfully recovered your Coinbase wallet
After tapping “Later”, you will land on your Coinbase wallet.
Now, the app will start scanning your cryptocurrencies.
Wait until the scan is complete to see all your cryptocurrencies.
You have successfully recovered your Coinbase wallet!
Where is the Coinbase Wallet recovery phrase?
Your Coinbase Wallet recovery phrase can be found in the Coinbase Wallet settings.
First, open the Coinbase Wallet app and tap on the gear icon.
Under “Security”, tap “Recovery Phrase” and enter your passcode or use Touch ID.
After entering the passcode or using Touch ID, you will be able to see the 12-digit recovery phrase.
What if you lose your Coinbase recovery phrase?
If you lose your Coinbase recovery phrase, you won’t be able to recover your Coinbase wallet.
Coinbase won’t be able to recover your wallet for you as well because they don’t have access to your recovery phrase.
However, if you backed up the restore phrase using iCloud or Google Drive, you can still restore it.
To do this, open the Coinbase Wallet app, tap on “I already have a wallet” and restore your wallet using iCloud or Google Drive.
What happens to your Coinbase wallet if you lose your phone?
If you lose your phone, you can recover your Coinbase wallet on another phone if you saved the recovery phrase.
To do this, open the Coinbase Wallet app and tap on “I already have a wallet”.
Then, tap on “Restore with Reset Phrase”.
Finally, enter your 12-digit recovery phrase to recover your Coinbase wallet!
Conclusion
Keep in mind that Coinbase won’t have access to your recovery phrase.
So, if you lose it, Coinbase won’t be able to recover it for you.
The only way to recover your wallet is to use Google Drive or iCloud.
This is if you have backed up the recovery phrase using them.
In other words, Coinbase Wallet is like having your own bank.
You are responsible for the security of your wallet.
If you can’t recover your Coinbase wallet, you need to create a new account.
When creating a new account, be sure to jot down the catch phrase and store it in a safe place.
Also, make sure to back up the recovery phrase using Google Drive or iCloud.
This will prevent you from losing your funds.
