I'm trying to decide between using Coinbase or Coinbase Wallet. I'm not sure which one is better for my needs. I want to understand the differences and advantages of each option to make an informed decision.
In contrast, Coinbase Wallet enables users to interact with decentralized finance (DeFi) protocols, allowing for more advanced and autonomous financial activities.
Was this helpful?
394
32
DavidJohnsonSat Feb 22 2025
Coinbase Wallet functions as a custodial crypto exchange, offering users a platform to buy, sell, and trade digital assets while the exchange retains custody of the funds.
Was this helpful?
154
34
RainbowlitDelightSat Feb 22 2025
On the other hand, Coinbase Wallet, which may cause confusion due to the similar naming, operates as a non-custodial or self-custodial crypto wallet.
Was this helpful?
154
71
MartinoSat Feb 22 2025
With Coinbase Wallet, users maintain full control over their private keys and can manage their cryptocurrencies independently.
Was this helpful?
156
97
AltcoinAdventurerSat Feb 22 2025
The Coinbase exchange primarily caters to investors and traders looking to participate in the cryptocurrency market by offering a secure and user-friendly platform.