What is Coinbase wallet?

Coinbase Wallet helps users manage their own private keys and store their crypto assets directly on their devices , not with a centralized brokerage or exchange. You cannot connect Coinbase Wallet to your bank account to buy or sell cryptocurrencies with US Dollars or other fiat currencies.

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Is Coinbase wallet safe?

This should answer the main concern “Is Coinbase wallet safe?” Yes, the wallet is safe and follows best practices on safeguarding digital money. Despite being a hot wallet, Coinbase is a leader in securing payment services in the crypto industry. It ensures that security features is enforced at multiple levels.

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Does Coinbase give you a wallet?

If you’re a Coinbase customer, you have your choice of a hosted wallet or a self-custody wallet . The Coinbase app, where you buy and sell crypto, is a hosted wallet. You can also download the standalone Coinbase Wallet app to take advantage of the benefits of a non-custodial wallet.

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