What are the reasons for using the Coinbase Wallet instead of the regular Coinbase platform?

3 answers

• Nov 24, 2021 · 3 years ago
  The Coinbase Wallet offers users more control over their private keys, allowing them to have full ownership and security of their cryptocurrencies. Unlike the regular Coinbase platform, where Coinbase holds the private keys on behalf of the users, the Coinbase Wallet enables users to manage their own keys and have direct access to their funds. This gives users greater security and eliminates the risk of losing funds due to a centralized exchange being hacked or going offline.
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• Nov 24, 2021 · 3 years ago
  Using the Coinbase Wallet also provides users with the ability to interact with decentralized applications (dApps) directly from the wallet. This means that users can access and use various decentralized finance (DeFi) protocols and applications without needing to transfer their funds to a separate platform. The Coinbase Wallet integrates seamlessly with popular DeFi platforms, allowing users to easily lend, borrow, trade, and earn interest on their cryptocurrencies.
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• Nov 24, 2021 · 3 years ago
  Another reason to use the Coinbase Wallet is the support for a wide range of cryptocurrencies. While the regular Coinbase platform supports a limited number of cryptocurrencies, the Coinbase Wallet supports a much larger selection. This allows users to store and manage their entire cryptocurrency portfolio in one place, without the need for multiple wallets or accounts. Additionally, the Coinbase Wallet is compatible with various blockchain networks, including Ethereum and Ethereum-based tokens, further expanding the options for users.
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