Backup & Restore Coinbase Wallet – Keep Your Crypto Safe

Why Backing Up Your Wallet Matters

Losing access to your crypto wallet could mean losing your money for good. Unlike a traditional bank, a crypto wallet puts you in charge. This guide will help you back up and restore your Coinbase Wallet so you can always access your digital funds.

How Coinbase Wallet Works

Coinbase Wallet is a non-custodial wallet. This means:

• You have the private keys with your 12-word recovery phrase.
• Coinbase can’t help you recover your funds.
• Transactions can’t be undone.
• No way to reset your password.

Part 1: Creating a Secure Backup

Step 1: Find Your Recovery Phrase

1. Open your Coinbase Wallet.
2. Go to Settings → Security → Recovery Phrase.
3. Log in with your PIN or biometrics.

Step 2: Write Down Your Phrase Safely

Here’s how to keep your 12-word phrase safe:

Do:
✓ Write it down on special paper with permanent ink.
✓ Use a metal backup like a cryptosteel.
✓ Keep copies in different secure places.
✓ Share how to access with trusted family members.

Don’t:
✗ Store it on any digital device.
✗ Share it with anyone unnecessarily.
✗ Keep all copies in one place.

Step 3: Check Your Backup

Before you rely on your backup:

1. Try to restore your wallet on another device.
2. Make sure all your funds and transactions show up.
3. Clear the test device afterward.

Part 2: Restoring Your Wallet

When You Might Need to Restore

You might need to restore your wallet if:

• You get a new phone.
• You break or lose your device.
• The app messes up.
• You think there’s a security problem.

Restoration Steps

1. Install Coinbase Wallet on the new device.
2. Choose I already have a wallet.
3. Select Restore with recovery phrase.
4. Enter your 12 words in the right order.
5. Set up your security features again (PIN, biometrics).

After Restoring Checklist

✓ Check if all your funds are there.
✓ Look at your transaction history.
✓ Reconnect to any dApps.
✓ Update your security settings.
✓ Test sending a tiny transaction.

Advanced Backup Tips

Multi-Signature Options

For larger amounts, think about:

• Setting up a 2-of-3 multisig wallet.
• Splitting keys across different places.
• Using hardware wallets as signers.

Plan for Inheritance

Make sure your family can access your crypto if something happens:

1. Write clear instructions.
2. Use a secure way to share secrets.
3. Include it in estate documents.
4. Let trusted people know that your plan exists.

Troubleshooting Backup & Restore Issues

FAQs About Backup and Recovery

1. Can Coinbase recover my wallet if I lose my phrase?

No, they can’t access your funds without the recovery phrase.

2. How often should I check my backup?

Test it at least once a year or after any big life change.

3. Is it safe to keep my phrase in a password manager?

Not really. It’s safer to keep it physically, offline.

4. Which is better, paper or metal backups?

Metal backups are more durable, but well-kept paper works too.

5. Can I change my recovery phrase?

Not directly—you'll have to create a new wallet and transfer your funds.

6. Will my NFTs be restored too?

Yes, all assets tied to your wallet will be there.

7. What if someone sees my phrase but I still have my phone?

Move your funds to a new wallet right away.

Tips for Security

1. Never enter your recovery phrase online or in unverified apps.
2. Always check that you’re using the right Coinbase Wallet app.
3. Think about using a hardware wallet for bigger amounts.
4. Regularly check your wallet for any unauthorized activity.
5. Teach your family the basics of crypto security.

Dealing with the Stress of Self-Custody

Managing your own backups can feel overwhelming. Remember:

• When stored properly, your phrases are secure.
• The system works great if you use it right.
• Millions of people manage wallets successfully every day.
• Start small to build confidence.

Options for Newbies

If managing your own wallet feels too risky:

1. Use Coinbase Exchange for smaller amounts.
2. Look into social recovery wallets like Argent.
3. Check out solutions that involve trusted family members.

Select a repo