The Coinbase Extension is a browser-based cryptocurrency wallet that enables users to access their digital assets and interact with decentralized applications directly from their web browser. Unlike traditional platforms that rely on email and password combinations, the Coinbase Extension uses a self-custody model. This means users must log in using a secure, password-protected method tied to a recovery phrase.
When first installing the extension, users are required to either create a new wallet or import an existing one. If creating a new wallet, the extension generates a 12-word recovery phrase that must be written down and stored securely. This phrase is the most critical login credential, as it allows access to the wallet if the device is lost or reset.
After setting up the wallet, users are prompted to create a local password. This password is used to encrypt and protect the wallet within the browser and must be entered each time the extension is accessed.
To log in, users simply click the Coinbase Wallet icon in the browser toolbar. If the wallet is locked, a prompt will appear asking for the local password. Entering the correct password unlocks the wallet and gives access to its features, including viewing balances, sending tokens, and connecting to decentralized applications.
The wallet automatically locks after a period of inactivity or when the browser is closed, adding an extra layer of security. If a user forgets their password, the only way to regain access is to re-install the extension and enter the original recovery phrase.
In summary, logging into the Coinbase Extension involves entering a secure password after setup, while long-term access depends on safely storing the recovery phrase.