Coinbase is a GDAX that is global digital asset exchange company and provides way for buying/ selling the digital currencies, or send information about the transactions to blockchain network and verify such transactions. The coinbase wallet is something, where digital currencies can easily be stored. This application operates the exchanges of Ethereum, Bitcoin, Litecoin and Bitcoin Cash, and other assets with the fiat currencies within 32 countries, Bitcoin transactions in other countries. Coinbase has served more than 10 million customers as well as facilitated exchange of over $50 billion of digital currency.
Does why you want Bitcoin wallet?
Bitcoin, not like other traditional currencies, is the digital currency. Therefore, approach to such type of the currency is totally different, mainly when it comes about acquiring or storing it. Since Bitcoins do not exist in physical shape and form, they cannot technically get stored anywhere.
But, the private keys are used for accessing public Bitcoin address or sign for the transactions that want to get stored securely. The combination of recipient’s public key & private key is something that makes the Bitcoin transaction possible every time.
There’re many different types of the Bitcoin wallet, which cater for various requirements as well as varying in the terms of security and safety, accessibility, convenience, and more.
Things to Know
- Avoid using any types of wallets that need Internet connection; make use of cold storage options.
- Always stay cautious & double-check everything. For example, you can receive email that appears like it is from a genuine site, but it is not.
