How can I set up a Coinbase wallet?

To set up a Coinbase wallet, one must first download the Coinbase Wallet app on their smartphone from either the Google Play Store or the Apple App Store. Upon launching the app, one will need to create a new wallet. The process involves selecting the 'Create a New Wallet' option, agreeing to the Terms of Service, and setting up a secure password for wallet access. It's crucial to choose a strong password and store it safely, as it ensures the security of one's digital assets. Next, one will be provided with a recovery phrase, which is a 12-word seed phrase that acts as a backup to regain access to the wallet if necessary. It is important to write down the recovery phrase and keep it in a safe place. Once these steps are completed, the Coinbase Wallet will be ready to use, allowing one to send, receive, and store various cryptocurrencies and tokens securely.