Cryptocurrency Q&A Do I own my BTC on Coinbase?

Do I own my BTC on Coinbase?

Raffaele Raffaele Sat Aug 24 2024 | 0 answers 0
I'm curious, could you clarify something for me? When you say you own BTC on Coinbase, do you mean you actually possess the private keys to those Bitcoins? In the world of cryptocurrency, owning a coin or token doesn't always mean you have direct control over it. Platforms like Coinbase often hold the private keys on behalf of their users for convenience and security. So, in essence, you're entrusting Coinbase with your Bitcoins. Is that the understanding you have, or do you believe you have full ownership and control over your BTC, even while they're stored on Coinbase? Do I own my BTC on Coinbase?

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