Cryptocurrency Q&A
Can I open a custodial account on Coinbase?
Can I open a custodial account on Coinbase?
DaeguDivaDanceQueenElegantStride
Thu Nov 28 2024
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6 answers
1308
I'm wondering if it's possible to set up a custodial account on Coinbase. I'd like to know if the platform offers this type of account for users.
6 answers
KimonoGlitter
Sat Nov 30 2024
A custodial account on Coinbase can indeed be opened.
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Sofia
Sat Nov 30 2024
The KYC process is a standard security measure aimed at preventing fraud and ensuring that only legitimate users can access the platform.
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Daniele
Sat Nov 30 2024
A custodial wallet is a financial arrangement where a third party is entrusted with managing your funds.
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SumoHonor
Sat Nov 30 2024
This setup is often preferred by those who may not have the expertise or time to manage their own finances.
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InfinityVoyager
Sat Nov 30 2024
When utilizing a custodial wallet on Coinbase, users are required to undergo a KYC (Know Your Customer) process.
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