Is Coinbase Wallet more secure than Coinbase?

Coinbase is like a brokerage with a virtual wallet, whereas Coinbase Pro works as an exchange where people buy and sell from each other . Beginners use Coinbase because it’s simple to buy and sell cryptocurrency. Users don’t need to learn investing lingo. Instead, they can jump on the platform and get trading.

It’s much safer to keep crypto in a Coinbase wallet than on Coinbase Pro . Users with a Coinbase Pro account need to put a high degree of trust in Coinbase itself, as it will hold the user’s funds in its own custodial wallets, much like a bank holds funds for its customers.

Coinbase.com stores your crypto for you after you buy it. You do not need a Coinbase.com account to use Coinbase Wallet. Coinbase Wallet is a self-custody wallet . The private keys (that represent ownership of the crypto) are stored directly on your device and not within a centralized exchange like Coinbase.com.