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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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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