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INTRODUCTION

Good day my sweet esteemed steemians. It's nice to be in this week's contest after a sweet lecture by professor @yohan2on. The crypto knowledge seems to be getting more interesting week after week. This week i had to rush go to the lecture hall to see what course we had to learn and the assignment given. Well the professor really did good in his educative format. Below is my answer to his homework task: Getting involved in the DeFi ecosystem requires one to have a DeFi web3 wallet; one must even know how to use it. Using a Coinbase DeFi wallets
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• What's A Coinbase Wallet ?

A Coinbase Wallet is a cryptocurrency wallet that's only controlled by you without the involvement of any third party because your keys (private keys) which represent your personal security in cryptocurrency for your wallet are stored directly on your hardware device (i.e your mobile phone) and not a centralized exchange. Technically you don't need a coinbase.com account to use coinbase wallet. A coinbase.com account is a cryptocurrency brokerage that helps you to either buy or sell cryptocurrency then exchange it for a fiat currency and as well you could store your cryptocurrency after you purchase.You can link your coinbase wallet to your bank account to either buy or sell cryptocurrencies.

• Steps On HowTo Use A Coinbase Wallet To Transfer Cryptocurrencies.

1. Go to your Google play and download a Coinbase Wallet
   
2. You click on create wallet, review their terms & conditions then pick a username.
   
   
   
3. Select your privacy terms, set your pin then your wallet is created.
   
   
   
4. Tap your settings at the bottom.
   
5. Your wallet should be linked to your Coinbase account then tap transfer
6. Select the supported coin.
7. Input the transfer amount and tap Continue.

• How To Withdraw From Your Coinbase Wallet

1. Sign into your Coinbase commerce account.
2. Click on the withdraw button.
3. A window will pop up and ask how much you would like to withdraw, and where you would like these funds to go.
4. Choose then withdraw your funds.

• Benefits Of A Coinbase Wallet.

1. Coinbase wallet can help you store, buy, and sell few cryptocurrencies.
2. There is also a feature where you can request money, either in USD or BTC.
3. Coinbase wallet also offers a vault where the bitcoins are stored which is convenient because you can easily add funds to your wallet.
4. Coinbase wallet is amongst the safest digital currency wallets used in storing your cryptos. It's usability is designed quite well cause it protects your coins with multiple security features (i.e. 2-FA).

• Disadvantages

1. The cost of money in hard wallets are high
2. A transfer fee is required in hard wallets.
3. Hard wallets have tendencies of being stolen.
4. It's impossible to earn interests in hard wallets.
5. Coinbase would be out of business if they lost crypto.

• Tradable Cryptocurrencies

Coinbase Wallet is the amongst the best Web 3 DApp browser & mobile crypto wallet. These are the Cryptocurrencies tradable on the platform : Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Ether Classic (ETC), Litecoin (LTC), XRP, and Ethereum-based ERC20 tokens.

Conclusion

Well I would use a Coinbase Wallet over and over again because while it's not safe to keep your money on any online exchange, Coinbase has over time proven many of those ideaologies wrong. It's one of the safest web wallets you can use and almost 99% of their assets in an offline cold storage that can't be accessed or even hacked by online cryptojackers.
Thank you professor @yohan2on for the lectures and giving the assignment to help own our knowledge generally in the crypto world and specifically about coinbase wallet. Special Thanks to my mentors @talktofaith @focusnow @ngoenyi @trafalgar @brightobias