The QR code can be used to backup all accounts at a same time.
Note that by using "export account" feature, You actually backup the google authenticater not your coinbase account individually. It can include all the accounts you have.
Okay so now i just changed my two factor back to sms phone number for now.
Now when i change it back to google authenticator as my two factor authorization, i do the steps you listed. So i have to take a picture of the QR code on ANOTHER PHONE as my backup to this phone? Most people only have one phone and im shocked this is the way to do it. Years ago, did coinbase do the same thing with the backing up of it? Such as you needed to take picture of the QR code? So they never had a recovery key like binance or bittrex?
So could one take a picture of the QR code on the same phone using right now. Then say keep a copy of it stored in the cloud as the backup? I can't imagine people needing another phone to take the picture of the QR code for security reasons. Then again you taking a photo of the QR code on your current phone wouldn't make any sense since if something happens to this phone, then well you don't have that backup code. I do have key for both binance and bittrex that i wrote down though. So this QR code with coinbase is only with coinbase or it can show my other current QR codes with binance and bittrex? That is confusing part because i thought coinbase was like... you write a key down and make sure you have that key in case something happens to your phone.