Coinbase, Exchanges

Is Coinbase Wallet a Custodial Wallet?

A custodial wallet is a type of cryptocurrency wallet where the private keys are held by a third party. This third party can be an exchange, a wallet service provider, or another type of entity.

Coinbase is one of the most popular cryptocurrency exchanges and wallet service providers. It offers both custodial and non-custodial wallets.

NOTE: WARNING: Coinbase Wallet is a custodial wallet, meaning that Coinbase has control over your funds and can restrict access to them. This means that you may not have full control over your funds and that Coinbase may have the ability to limit or block access to them if it chooses. Therefore, it is important to understand the risks associated with using a custodial wallet before deciding to use one.

Coinbase Wallet is the company’s custodial wallet service.

Coinbase Wallet is a great option for those looking for an easy-to-use and well-known custodial wallet service. However, it is important to remember that custodial wallets come with some risks.

Private keys are held by a third party, which means that they could be lost or stolen. Additionally, Coinbase has been known to freeze accounts and restrict withdrawals in certain cases.

1 Related Question Answer Found

Is Coinbase Wallet a Self-Custody Wallet?

Coinbase is a digital asset exchange company founded in June 2012. The company is headquartered in San Francisco. Coinbase allows users to buy and sell digital currencies such as Bitcoin, Ethereum, and Litecoin.
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