Coinbase, Exchanges

Is Coinbase a Web Wallet?

Coinbase is a digital asset exchange company headquartered in San Francisco, California. They broker exchanges of Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, Tezos, and many others, with fiat currencies in 32 countries, and bitcoin transactions and storage in 190 countries worldwide.

Coinbase was founded in June 2012 by Brian Armstrong and Fred Ehrsam. Armstrong is a former software engineer at Airbnb and Ehrsam is a former Goldman Sachs trader.

As of October 2018, Coinbase had over 13 million active users.

NOTE: WARNING: Coinbase is not a web wallet. It is a digital currency exchange and wallet service. The company acts as an intermediary between customers who want to exchange digital currency for fiat money and vice versa. As such, customers’ funds are not kept in an online wallet, but instead held in Coinbase’s own secure cold storage system.

Coinbase has been described as a digital wallet for cryptocurrencies. In addition to storing cryptocurrencies, Coinbase also allows users to buy and sell cryptocurrencies using a connected bank account, credit card, or debit card.

Coinbase is not a web wallet. A web wallet is a wallet that is accessed through a web browser.

Coinbase is a digital asset exchange company that offers a digital wallet for storing cryptocurrencies.

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