Do crypto exchanges provide wallets?

While there are other ways to purchase crypto, many people acquire crypto on cryptocurrency exchanges. Upon making a purchase, the cryptocurrency you acquired is automatically stored in your exchange-hosted wallet , which is typically custodial, meaning the exchange has control of your private keys.

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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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