Since its launch in 2012, Coinbase has become one of the most popular ways to buy and sell Bitcoin, Ethereum, and other cryptocurrencies. But what network does Coinbase use to process these transactions?
Coinbase uses the Bitcoin network for all Bitcoin transactions, and the Ethereum network for all Ethereum transactions. However, Coinbase also has its own internal network that it uses for some of its other operations.
NOTE: WARNING: Coinbase is a digital currency platform that allows users to store, purchase, and sell cryptocurrency. As such, it is important to understand the network that Coinbase uses for its transactions. It is strongly recommended that users research the network and become familiar with its function prior to conducting any transactions. Additionally, users should ensure that their devices and networks are secure before engaging in any cryptocurrency transactions.
The Coinbase internal network is a private network that is not connected to the public Internet. This network is used for things like storing customer data and processing customer support requests.
The Coinbase internal network is not open to the public, and only authorized employees of Coinbase have access to it.