Coinbase, com is a cryptocurrency brokerage agency where you buy or sell crypto in exchange for cash. Coinbase, com stores your crypto for you after you buy it. You don't need a Coinbase, com account to use Coinbase Wallet. Coinbase Wallet is a self-custody wallet.
Coinbase Wallet is a self-custodial crypto wallet, giving you control of your cryptocurrencies, keys and data. Now you can securely store your crypto and rare NFTs in one place. To begin with, one must understand the difference between Coinbase and Coinbase wallet. Coinbase or Coinbase Consumer is a web-based cryptocurrency exchange platform.
Users can buy, sell and trade cryptocurrencies on this platform. The Coinbase wallet, on the other hand, is a cryptocurrency wallet. The main function of the Coinbase wallet is to store users' crypto wealth in a secure manner. As mentioned above, an exchange allows the purchase and sale of digital assets, while a wallet is used to store your crypto assets and private keys.
Both are excellent options for people who want to invest in cryptocurrencies or earn small amounts of cryptocurrencies in exchange for using or learning on the platform. Regardless of the exchange market used, to get the most out of cryptocurrency trading, it's essential to learn the basics of investing, find the cheapest ways to deposit funds (usually ACH), and decide what security measures you want to take. Based on the characteristics of hot wallets in the crypto space, the Coinbase wallet stores most cryptocurrencies online. You can exchange thousands of assets through decentralized exchanges and send cryptocurrencies between blockchains using “bridges”, as well as explore a wide range of other types of applications, from games to NFT markets.
As one of the top three cryptocurrency exchanges in the world, Coinbase also offers wallet services with the Coinbase wallet. Coinbase is a well-known cryptocurrency exchange that makes it easy to buy, sell and exchange cryptocurrencies.