Coinbase, Exchanges

Is Coinbase an Exchange or a Broker?

Coinbase is often referred to as a broker but is more accurately an exchange. Coinbase allows people to buy and sell cryptocurrencies, as well as store them in a wallet on the site.

While Coinbase operates globally, users in the United States, UK, Europe, Canada, Singapore, and Australia can buy and sell cryptocurrencies on the site. Cryptocurrencies available on Coinbase include Bitcoin, Ethereum, Bitcoin Cash, and Litecoin.

NOTE: Warning: Coinbase is not an exchange or a broker, but rather a platform that facilitates the trading of cryptocurrencies. As such, it does not provide the same protections and services as an exchange or broker would. Users should be aware of the risks associated with trading on Coinbase and should do their own research before committing to any transactions.

Coinbase has been described as a broker due to its ease of use and ability to link to a bank account or credit card. When buying cryptocurrencies on Coinbase, users are buying directly from the company.

This makes Coinbase more like a traditional broker, which matches buyers and sellers and takes a commission for each transaction.

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