Coinbase is one of the most popular cryptocurrency exchanges and allows you to buy and sell Bitcoin, Ethereum, and Litecoin. You can also use Coinbase to buy goods and services with Bitcoin, Ethereum, and Litecoin.
However, one thing you cannot do with Coinbase is use it as a bank. This is because Coinbase does not have a banking license.
This may come as a surprise to some people as Coinbase is often thought of as a Bitcoin bank. This is because Coinbase allows you to store your cryptocurrencies in a wallet on their website or mobile app.
You can also link your bank account to Coinbase so that you can easily buy and sell cryptocurrencies. However, Coinbase is not a bank and does not have a banking license.
So what does this mean for you? If you are looking for a place to store your cryptocurrencies, then Coinbase is a good option. However, if you are looking for a place to get loans or other financial services, then you will need to look elsewhere.