How does Coinbase differ from Coinbase Wallet?

3 answers

• Apr 22, 2022 · 3 years ago
  Coinbase and Coinbase Wallet are both products of Coinbase, but they serve different purposes. Coinbase is a centralized cryptocurrency exchange platform that allows users to buy, sell, and store various cryptocurrencies. It provides a user-friendly interface and supports fiat currency transactions. On the other hand, Coinbase Wallet is a non-custodial mobile wallet that gives users full control over their private keys. It allows users to manage their own crypto assets and interact with decentralized applications (DApps) directly from the wallet. In summary, Coinbase is an exchange platform, while Coinbase Wallet is a self-custody wallet for managing crypto assets.
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• Apr 22, 2022 · 3 years ago
  Coinbase and Coinbase Wallet may sound similar, but they have distinct features. Coinbase is primarily designed for beginners and casual investors who want an easy way to buy and sell cryptocurrencies. It offers a simple and intuitive interface, making it convenient for users to navigate and trade. On the other hand, Coinbase Wallet is more suitable for advanced users who value security and control over their funds. It allows users to store their private keys locally on their devices, reducing the risk of hacks or thefts from centralized exchanges. Overall, Coinbase is more user-friendly, while Coinbase Wallet prioritizes security and control.
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• Apr 22, 2022 · 3 years ago
  Coinbase and Coinbase Wallet are two different products offered by Coinbase. While Coinbase is a centralized exchange platform, Coinbase Wallet is a decentralized wallet. Coinbase acts as an intermediary between buyers and sellers, facilitating the trading of cryptocurrencies. It holds the users' funds and manages the private keys on their behalf. On the other hand, Coinbase Wallet is a self-custody wallet that allows users to store their own private keys. This means that users have full control over their funds and are responsible for their own security. Coinbase Wallet also supports interacting with decentralized applications (DApps) and provides a more decentralized experience compared to Coinbase.
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