Cryptocurrency Q&A
Do you own the coins you buy on Coinbase?
Do you own the coins you buy on Coinbase?
Andrea
Mon Sep 02 2024
|
7 answers
1713
Excuse me, I'm just a bit confused about something. When I purchase cryptocurrency on Coinbase, am I actually owning those coins outright, or am I just holding some sort of digital representation of them? I've heard some conflicting information about this, so I wanted to get a clear answer. Do I have full ownership and control over the coins I buy on Coinbase, or are they being held in some sort of custodial arrangement? I'd appreciate any clarification you could provide.
7 answers
Eleonora
Wed Sep 04 2024
The platform ensures the safety of these assets by storing them in a hosted digital wallet specifically designed for this purpose. This wallet acts as a secure vault, safeguarding users' funds against potential threats.
Was this helpful?
304
26
Davide
Wed Sep 04 2024
It's important to note that the digital assets held in these wallets are solely owned by the users. Coinbase recognizes and respects the ownership rights of its clients, ensuring that their investments remain theirs at all times.
Was this helpful?
394
93
noah_harrison_philosopher
Wed Sep 04 2024
The company's commitment to security and transparency extends beyond mere storage. Coinbase employs robust security measures to protect its users' accounts and transactions from unauthorized access.
Was this helpful?
353
93
TaegeukWarrior
Wed Sep 04 2024
Coinbase.com, a reputable platform in the cryptocurrency sphere, offers users a secure and convenient way to manage their digital assets. When individuals opt to buy, receive, or hold digital currencies through Coinbase, they can rest assured that their investments are well-protected.
Was this helpful?
208
67
Dario
Wed Sep 04 2024
In addition to providing a secure environment for digital asset storage, Coinbase also offers various services to facilitate the buying, selling, and trading of cryptocurrencies. These services are designed to cater to the diverse needs of its users.
Was this helpful?
118
45
Load 5 more related questions
