Cryptocurrency Q&A
Is Coinbase a CEX Wallet?
Is Coinbase a CEX Wallet?
Chiara
Tue Oct 08 2024
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7 answers
1636
Could you clarify whether Coinbase is classified as a centralized exchange (CEX) wallet or not? I understand Coinbase is a popular platform for buying, selling, and storing cryptocurrencies, but I'm unsure about its categorization as a CEX wallet. Could you elaborate on the characteristics that make Coinbase a CEX wallet, if it indeed is one? Additionally, are there any other key features or aspects of Coinbase that set it apart from other wallet types, such as decentralized wallets?
7 answers
BlockchainWizardGuard
Thu Oct 10 2024
Within these centralized systems, data is exchanged seamlessly through dedicated servers, ensuring swift and secure communication between users and the exchange.
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Carlo
Thu Oct 10 2024
Security is paramount in the CEX ecosystem. These platforms adhere to stringent centralized security protocols, designed to protect user funds and maintain the integrity of the network.
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Giulia
Thu Oct 10 2024
Centralized Exchanges (CEX) play a pivotal role in the cryptocurrency landscape. Platforms like Binance, Coinbase, Kraken, and Huobi embody the essence of CEXs, offering a centralized hub for trading activities.
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SumoPower
Thu Oct 10 2024
The order book serves as a vital tool for market analysis, providing traders with real-time information on bid and ask prices, as well as order volumes.
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JejuJoyfulHeartSoulMate
Thu Oct 10 2024
At the heart of these exchanges lies their proprietary order book, a digital ledger that meticulously records and approves every trade order. This system ensures transparency and efficiency in the execution of transactions.
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