Cryptocurrency Q&A
Do I actually own crypto on Coinbase?
Do I actually own crypto on Coinbase?
AmyDavis
Tue Jul 02 2024
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5 answers
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Title: Clarifying Ownership of cryptocurrency on Coinbase
Hello, I'm considering investing in cryptocurrency and have been exploring platforms like Coinbase. However, I'm a bit confused about the concept of ownership when it comes to holding digital assets on these platforms. Could you please explain if, when I purchase cryptocurrency on Coinbase, do I actually own those coins? Or am I simply buying a representation of those coins that are held by Coinbase? I'd like to understand the nuances of ownership and how it affects my ability to use and transfer my cryptocurrency holdings. Thank you for your clarification.
5 answers
Maria
Thu Jul 04 2024
The hosted wallet service provided by Coinbase aims to provide convenience and peace of mind for its users.
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Rosalia
Thu Jul 04 2024
BTCC, a UK-based cryptocurrency exchange, offers a comprehensive range of services including spot trading, futures, and wallet solutions.
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DiamondStorm
Thu Jul 04 2024
Digital assets purchased, received, or held via a Coinbase.com account are safeguarded in a hosted digital asset wallet.
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Andrea
Thu Jul 04 2024
This wallet ensures the secure custody of your digital assets, acting as a trusted guardian on your behalf.
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SsangyongSpirited
Thu Jul 04 2024
It is important to note that these assets remain yours at all times; Coinbase does not own or have any claim to them.
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