What is Coinbase wallet?

Coinbase Wallet is a non-custodial wallet which allows you to store crypto yourself. With Coinbase Wallet extension, you are asked to write down your 12 word recovery phrase and store it in a secure location. This is because private keys, which represent ownership of your crypto assets, are stored directly on your browser.

Does Coinbase wallet have a 12 word recovery phrase?

Most Ethereum wallets have a 12 word recovery phrase, which act as the key to your wallet. These words must be kept safe. No wallet provider, including Coinbase Wallet, can recover this 12 word recovery phrase for you. Recovery phrases are portable, enabling you to transfer your wallet from one self-custody wallet provider to another.

What happens if I import a recovery phrase into Coinbase wallet?

When you import an existing wallet using your recovery phrase into Coinbase Wallet extension, there is no impact on your existing wallet. You will be able to continue using your existing wallet across multiple providers, and any transactions you make will show up in your wallet across all of your wallet providers.