Cryptocurrency Q&A
Do my assets still belong to me on Coinbase wallet?
Do my assets still belong to me on Coinbase wallet?
charlotte_clark_doctor
Fri Jun 21 2024
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7
answers
1774
I'm a crypto investor and I've been using Coinbase wallet for quite some time. Recently, with the rise of decentralization and new wallet technologies, I've been wondering: Do my assets still belong to me on Coinbase wallet? I understand Coinbase is a custodial wallet, but does that mean my funds are essentially in the hands of a third party? Could my funds be frozen or confiscated without my consent? And how secure are my private keys and transaction data on Coinbase? I'm considering moving my funds to a non-custodial wallet, but I'm not sure if that's the right decision. What are the risks and benefits of each option?
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7 answers
Federico
Sun Jun 23 2024
Ensure that this wallet supports the networks that your assets are currently stored on.
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Valeria
Sun Jun 23 2024
Despite this, there may be limitations on how you can access and transact with them.
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GinsengGlory
Sun Jun 23 2024
Specifically, if you were previously using the Coinbase Wallet, you will not be able to see or conduct transactions with your assets using the same wallet address.
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Nicola
Sun Jun 23 2024
This is due to the nature of the wallet and its compatibility with certain networks.
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Enrico
Sun Jun 23 2024
To regain access to your assets, you can consider using an alternative self-custody wallet.
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