First of all, know that coinbase wallet and Coinbase are not the same things. That means that Coinbase is not a wallet. Isn’t the matter clear well? So let’s read the article to know the benefits of the coinbase wallet. We can remove all the confusion between the coinbase app and the coinbase wallet app.
What’s the difference within the Coinbase App and the Coinbase Wallet App
Coinbase.com is a cryptocurrency-related website where you can buy and sell bitcoin. They are one kind of broker that helps you purchase and sell bitcoin in trade for fiat currency. The fiat currency is the money of any country, as determined by the Central Bank. This website will help you to store coins after getting Bitcoin.
The coinbase wallet gives you direct and complete control over your crypto assets. On the other hand, think of the coinbase.com website as just a broker that will provide you access to the store. The coinbase wallet directly connects to your device via private keys. Private keys means represent ownership of the cryptocurrency.
What Can You Do by Coinbase.com Or Coinbase app?
- You can purchase a cryptocurrency with money.
- Able to store bitcoin.
- Allow to Exchange bitcoin.
- You will get a stable price because of showing in the USD part.
- Accept cryptocurrency payment.
Advantage of a Coinbase Wallet
Coinbase Wallet is a kind of software that helps you protect crypto, make transactions, and payments at various gateways. You can install this software from the App Store or Play Store. Let’s see it’s benefits.
- ERC-20 stocks tokens.
- Also, Associates in ICOs and AirDrops.
- Browse DPS.
- Online shops that accept cryptocurrencies pay them.
- You can send Bitcoin to any person in the world.
Why should I use Coinbase Wallet?
The coinbase wallet helps you buy and collect ERC-20 tokens. They are affiliating with large organizations such as airdrops and ICOs. Even, They are associated with digital art, browse decentralized apps, and other collectibles.
Multiple websites, including freelancing, shopping, and companies, accept cryptocurrencies. You can pay through Coinbase Wallet if you require it. You can use Coinbase Wallet because of all these abilities.
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Can I transfer funds between Coinbase.com and Coinbase Wallet?
Yes, you can exchange money 24 hours. Before transferring coins, you need to link up the website account with this Wallet app.
To do this, enter the settings of the wallet app and select the transfer option. To send the wallet amount to coinbase.com, select the send button in the app. Then select the amount and currency and transfer it as soon as this transaction complete automatically. It takes some time to process.
Is it possible to switch my existing wallet app like Metamask, etc.?
Yes, you can switch from any other third-party apps.