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Coinbase vs. Coinbase Wallet: Quick Guide!
Confused about Coinbase and Coinbase Wallet? You're not alone! While they share a name, they do different jobs for your crypto.
Coinbase (The Exchange)
* What it is: A platform to buy, sell, and trade cryptocurrencies. Think of it like an online stockbroker for crypto.
* Key feature: It's custodial, meaning Coinbase holds your crypto's private keys for you. Easy for beginners!
* Best for: Easily buying crypto with regular money (USD, EUR, etc.) and simple trading.
Coinbase Wallet (The Self-Custody App)
* What it is: A separate app where you control your crypto. You hold the private keys.
* Key feature: It's non-custodial. You're in charge of your funds and security.
* Best for: Exploring Web3, dApps, DeFi, and NFTs. Gives you full ownership and access to the wider crypto world.
The Main Difference:
* Coinbase (Exchange): Convenient, Coinbase holds your keys.
* Coinbase Wallet: Full control, you hold your keys. 0 reply
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