Coinbase Exchange vs. Coinbase Wallet: What's the Difference?

[Suba]

I joined Coinbase around October 2012, while Coinbase launched in June 2012 and is based in California, USA. The Coinbase wallet, on the other hand, launched around 2018. Initially, when I joined Coinbase, I didn't need an ID card to verify my account. However, recent government regulations forced Coinbase to require user verification and proof of address. Currently, there are two platforms: the Coinbase exchange and the Coinbase wallet. While both can be used to store, receive, and send crypto, they have different functions, user controls, security, and more.

 

[Min George]

It seems like the Coinbase wallet is available globally but the Exchange is geo-restricted for people from third world countries.

 

[magnus2022]

It seems like the Coinbase wallet is available globally but the Exchange is geo-restricted for people from third world countries.

You are absolutely right! I have the wallet but i could not be able to trade in the platform. That's remind me that i need to uninstall the wallet from my device.

 

[Nomad]

Coinbase Exchange (simply called Coinbase) is centralized crupto exchange platform, Coinbase Wallet (renaned as Base) is a decentralized wallet.

 

[kit_hung]

Coinbase Exchange (simply called Coinbase) is centralized crupto exchange platform, Coinbase Wallet (renaned as Base) is a decentralized wallet.

Coinbase is like a big crypto store on the street but it's centralized meaning everything goes through them

It's like a digital bank you need to trust their system

But they came up with Coinbase Wallet now called Base that's a decentralized wallet

Now it's like having your own keys no one is in charge of you

Base is like your own house Coinbase is like a hotel you rent a room

If you want true freedom in crypto Base is the way

But if you're still learning Coinbase can help you get started without stress