Cryptocurrency Q&A
What type of wallet is Coinbase?
What type of wallet is Coinbase?
HanRiverVisionary
Sat Feb 08 2025
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5
answers
983
I've been hearing a lot about Coinbase recently and I'm wondering what type of wallet it is. Is it a hot wallet, a cold wallet, or some other kind? I'd like to understand more about its features and security measures.
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5 answers
CryptoNinja
Mon Feb 10 2025
Coinbase Wallet is classified as a "self-custody wallet." This categorization stems from its design to provide users with ultimate control over their cryptocurrencies.
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Alessandra
Mon Feb 10 2025
Unlike wallets managed by exchanges, self-custody wallets enable individuals to hold their private keys. This feature is crucial as it grants users full access and authority over their digital assets.
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CryptoGuru
Mon Feb 10 2025
With Coinbase Wallet, users are responsible for the security of their funds. This means that they need to take necessary precautions, such as backing up their wallet and keeping their private keys safe.
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BlockchainBaron
Mon Feb 10 2025
The added responsibility that comes with self-custody is significant. Users must understand the importance of maintaining the security of their wallets to prevent potential losses due to theft or hacking.
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DigitalLord
Sun Feb 09 2025
BTCC is a prominent cryptocurrency exchange that offers a range of services. Among these are spot trading, futures trading, and wallet services. BTCC's wallet service provides users with a secure and convenient way to store their cryptocurrencies.
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