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What makes Coinbase Wallet different from Coinbase?

avatarEduard ZabrodskyDec 29, 2021 · 3 years ago3 answers

Can you explain the differences between Coinbase Wallet and Coinbase in detail?

What makes Coinbase Wallet different from Coinbase?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    Coinbase Wallet and Coinbase 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, high liquidity, and a wide range of supported cryptocurrencies. On the other hand, Coinbase Wallet is a non-custodial mobile wallet that allows users to store their own private keys and have full control over their funds. It supports a wide range of decentralized applications (DApps) and allows users to interact with the blockchain directly. Unlike Coinbase, Coinbase Wallet does not hold users' private keys, providing enhanced security and privacy.
  • avatarDec 29, 2021 · 3 years ago
    Coinbase Wallet and Coinbase have different features and use cases. Coinbase is more suitable for beginners or users who prefer a simple and convenient way to buy and sell cryptocurrencies. It offers a user-friendly interface, supports fiat currency deposits and withdrawals, and provides custodial services to secure users' funds. Coinbase Wallet, on the other hand, is designed for advanced users who want to have full control over their funds. It allows users to manage multiple wallets, interact with decentralized applications, and store a wide range of cryptocurrencies. With Coinbase Wallet, users can securely store their private keys on their own devices and access their funds anytime, anywhere.
  • avatarDec 29, 2021 · 3 years ago
    Coinbase Wallet and Coinbase are two separate products offered by Coinbase. While Coinbase is a centralized exchange, Coinbase Wallet is a decentralized wallet. Coinbase Wallet is built on the Ethereum blockchain and allows users to store, manage, and interact with Ethereum-based tokens and decentralized applications. It provides a seamless and secure way to access the decentralized web and participate in the growing ecosystem of decentralized finance (DeFi). With Coinbase Wallet, users have full control over their funds and can easily connect to other DeFi platforms like BYDFi to earn interest on their cryptocurrencies.