Cryptocurrency Q&A
Do I own my crypto on Coinbase?
Do I own my crypto on Coinbase?
CryptoDynasty
Tue Jul 02 2024
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7 answers
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Could you please elaborate on the ownership of cryptocurrencies held on Coinbase? Specifically, I'm curious to understand whether individuals truly own their crypto assets on this platform. Is there a clear distinction between custody and ownership? Are there any legal implications or restrictions that investors should be aware of when storing their cryptocurrencies on Coinbase? Additionally, how secure are these assets on the platform, and what measures does Coinbase take to ensure the safety of its users' funds?
7 answers
Valentina
Thu Jul 04 2024
Upon acquiring, receiving, or maintaining digital assets through a Coinbase.com account, these assets are safeguarded and kept securely in a hosted digital wallet, tailored for your convenience.
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SoulWhisper
Thu Jul 04 2024
This ensures that you, as the rightful owner, maintain complete control over your digital assets.
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Rosalia
Thu Jul 04 2024
This wallet serves as a trusted custodian for your digital assets, ensuring their integrity and accessibility at all times.
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Lucia
Thu Jul 04 2024
It is imperative to note that these assets, while held in the wallet, remain solely yours.
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lucas_taylor_teacher
Thu Jul 04 2024
Coinbase does not, at any point, claim ownership over the digital assets entrusted to them.
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