If you are a Coinbase wallet user, then you may have noticed that there is the option of a QR code scanner included in the app. But what’s their use in sending and receiving payments?
QR codes are becoming increasingly popular as a way to share information and data, so it’s understandable that you might want to know how to scan QR codes with Coinbase Wallet.
Luckily, there is a workaround that will allow you to scan QR codes with Coinbase Wallet. In this article, we will show you how to do this. Let’s discuss it in detail.
About Sending And Receiving Cryptocurrency
You can receive or send cryptocurrency with the help of Coinbase wallets. Sending and receiving both are available on mobile and web. Remember that Coinbase doesn’t help receive ETH, ETC mining rewards. Let’s discuss step by step how you can send and receive cryptocurrency through mobile apps and browsers.
Steps For Sending
If you have to send to an address that is in use by another Coinbase user who has opted for instant send, you can use off-chains sends. With the help of off-chain instant, you can send and receive without any transaction fees.
However, for on-chain sends, you have to pay transaction fees. Let’s discuss how you can send and receive step by step.
Website
- From the left side of the screen, click on send/Receive/pay from the dashboard.
- Enter the amount of crypto you want to send on the sent tab.
- Enter the details of the person you want to send the crypto to, such as phone number, email address, and crypto address.
- Click pay with and select the asset to deliver the funds from.
- Click now to review the details, and then click send now.
- Remember, you cannot reverse all sends to crypto addresses.
Mobile App
- Tap on the send from Home or pay the tab.
- Enter the amount you want to send and choose the assets.
- Select continue for confirmation and review the transaction details.
- Enter the receiver details such as email address and phone number, or you can also scan the QR code.
- Tap preview to review the details.
- Click Send now to complete this action.
If you are a Coinbase customer and the receiver has NOT opted into instant send in his privacy settings, then the sends will be made on-chains and incur network fees. However, if the receiver address is not associated with a Coinbase customer, the delivery will be made on-chain, sent on the respective currency networks, and incur network fees. In this type, all sends are reversible.
Steps For Receiving
After signing in, you can receive your funds by sharing your unique cryptocurrency address using mobile devices or through your browser. Whether you want or not your crypto to be verified as a Coinbase customer, you can control it by opting into instant sends in your privacy settings. Other users can send you the money rapidly and without any transaction fee if you opt-in. However, any sends on your crypto account will remain on-chain if you opt-out.
Web
- From the left side of the screen, select pay from the dashboard.
- Choose Receive.
- Choose Assets and select the asset you’d like to receive.
- After selecting the asset, the address and QR code will populate.
Mobile App
- On the Home page, select Receive or Tap on the Pay tab.
- Choose the asset you want to receive.
- After selecting the asset, the address and QR code will populate.
- You can receive cryptocurrency by sharing your email address, selecting a copy address, or allowing the sender to scan your QR code.
How To Scan QR Code On Coinbase?
If you are looking for a convenient way to convert your smartphone into a wallet, then a Coinbase Wallet is the best option. It leverages security measures in your cell phone, including iPhone’s Secure Enclave and biometric security. It may provide the right balance between security and simplicity of use for various users.
Coinbase Wallet With Digital Securities
The securitize programs are helpful for those issuers who want to accept cryptocurrencies such as ETH or BTC as a means of investment to provide this choice to investors.
Investors can see a message about facilitating their sending of funds as a part of the procedure.
Scanning QR code:
If you use a Coinbase wallet, sending your funds becomes easier, and it is quite simple. You have to use a QR-code scanner which is available in the app. Use the code directly in the app, and it’ll allow you to scan the address, which will make it easier to send funds directly.
After scanning the code, the app will allow you to confirm details of how much ETH (or BTC) you want to deliver. If you don’t have enough funds in Coinbase Wallet, integration with Coinbase will make it easier to send funds.
- Use your phone’s camera to scan the QR code of the one you’re sending BCH to.
- The address will automatically populate the recipient’s address tab.
- Enter the recipient’s address and any additional information on the confirmation page.
- DUO hit the “add key” button available at the right corner of the screen.
- Confirm the transaction.
Pay Via QR Code
Most of the processors will provide a QR code at the checkouts. It represents a bitcoin address and payment amount. It’ll be easier to pay with the help of a QR code through a bitcoin wallet app on your smartphone. It also includes the Coinbase app for Android or iPhone users.
You have to scan the QR code simply, and it will pre-fill the recipient’s bitcoin address and the requested payment amount. After sending the transaction, payment will be made. This option is suitable for those who don’t have a Coinbase account or want to pay from a different bitcoin wallet.
What is TOTP?
Coinbase represents a QR code that we can say represents the secret key. You can scan by using the Authenticator app on your mobile device. Several apps, including Google, allow you to generate a QR code using your mobile or PC.
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