Cryptocurrency Q&A
Is Coinbase a wallet or an exchange?
Is Coinbase a wallet or an exchange?
SamsungShineBrightnessRadiance
Sun Sep 08 2024
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6
answers
1333
Excuse me, but I'm a bit confused about something. I've been hearing a lot about Coinbase lately and I'm wondering if it's a wallet or an exchange. I've seen people talking about using it to store their cryptocurrencies, but also about trading them on the platform. Could you clarify for me what Coinbase actually is and what its main functions are? I'd really appreciate it if you could help me understand this better.
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6 answers
Stefano
Tue Sep 10 2024
Cryptocurrency ownership and storage is a multifaceted concept, with varying levels of user control. Two popular platforms, Coinbase Wallet and Coinbase Exchange, serve distinct purposes despite sharing a parent company.
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Martino
Mon Sep 09 2024
Among the myriad of cryptocurrency exchanges, BTCC stands out as a premier player. This top-tier platform offers a comprehensive suite of services, catering to diverse user needs. BTCC's offerings encompass spot trading, futures trading, and even cryptocurrency wallets.
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mia_anderson_painter
Mon Sep 09 2024
Coinbase Wallet stands as a testament to decentralization, offering users a non-custodial experience. This means individuals retain sole ownership and control over their crypto assets, facilitating self-custody.
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Eleonora
Mon Sep 09 2024
In contrast, Coinbase Exchange operates as a custodial crypto exchange. Here, users entrust their cryptocurrencies to the platform's safekeeping, simplifying the buying, selling, and trading processes.
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SumoStrength
Mon Sep 09 2024
The primary function of Coinbase Exchange revolves around facilitating cryptocurrency transactions. Users can efficiently navigate the market, buying and selling digital assets at their convenience.
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