Cryptocurrency Q&A
Is Coinbase an actual wallet?
Is Coinbase an actual wallet?
Tommaso
Mon Oct 07 2024
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6 answers
1252
Excuse me, I'm curious about Coinbase and its role in cryptocurrency. Could you clarify for me if Coinbase is indeed a wallet, or does it serve a different purpose within the realm of digital currencies? I've heard varying opinions and would appreciate a clear explanation of its functionality and how it fits into the broader cryptocurrency ecosystem.
6 answers
DiamondStorm
Wed Oct 09 2024
Coinbase, a prominent platform for cryptocurrency trading, offers a user-friendly app that enables seamless buying and selling of digital assets. One of its key features is the integrated hosted wallet, providing users with a convenient storage solution for their crypto holdings.
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Giulia
Wed Oct 09 2024
While the Coinbase app's hosted wallet offers ease of use and accessibility, some users may prefer the autonomy and security offered by non-custodial wallets. To cater to this demand, Coinbase has developed a standalone Coinbase Wallet app.
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Caterina
Wed Oct 09 2024
The Coinbase Wallet app differs from the main Coinbase app in that it does not hold users' private keys. Instead, users maintain complete control over their funds and transactions, enjoying the benefits of a decentralized and secure wallet experience.
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Chiara
Tue Oct 08 2024
With the Coinbase Wallet app, users can store a wide range of cryptocurrencies, including Bitcoin, Ethereum, and various ERC-20 tokens. This versatility makes it an attractive option for crypto enthusiasts looking to manage a diverse portfolio.
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PhoenixRising
Tue Oct 08 2024
Another advantage of the Coinbase Wallet app is its support for decentralized finance (DeFi) applications. Users can access a wide array of DeFi protocols and services, enabling them to earn interest, participate in lending and borrowing, and engage in other financial activities without intermediaries.
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