Now you’ve got Ethereum in your Coinbase account. Amazing.
But in order to play on the Ethereum blockchain, you need to move that money into a digital wallet. That’s when you become the true owner and operator of your own cryptocurrency, and that is what leads to the many exciting new freedoms that this world brings about.
It’s kind of like in the olden days when you had to go to your bank and take out cash in order to pay for things. Coinbase is like one of those banks, and they’ve got this big vault with tons of crypto in there. And now you’ve come along and bought some Ether. So in their books they say, cool, Person A now owns X amount of the ETH in our vault.
But now you want to take that crypto out into the streets of Ethereum. You want to walk around, peruse, buy things. Once you transfer your funds to a digital wallet, you are no longer interfacing with the Ethereum blockchain through Coinbase. You yourself are interfacing with the blockchain, and that’s when things get really interesting.
The most popular digital wallet is Metamask. Again, there are a ton of options in this space. Some other wallets options include Argent, Rainbow, Exodus and Loopring. Be sure to do your own research and find the one that works best for you.