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The big difference is that you are able to deliver Bitcoin and other cryptocurrencies to your own wallet, after which Coinbase loses control of it.

• martin1975 6y ago
  Who controls your money after you withdraw it from a traditional bank?
  • xiphias2 6y ago
    Traditional banks have lots restrictions _when_ you want to withdraw cash. Try moving more than $10000 between borders of countries that are not friendly with eachother, and you'll find those restrictions. You can travel with a hundred million dollars of BTC in your head (or a hardware wallet) and meet up random people if you want to buy something with it. As an example Michael Saylor could change aegentin peso to USD in an argentin bank ($1M), but the surprise came when he wanted to move it to US.
    • martin1975 6y ago
      Got it. You didn't clarify in your OP. The only issue w/BTC is its volatility, usability and its (in)ability to liquidate it as widely as other currencies... other than that, it's great ;)
      • xiphias2 6y ago
        It's right now great as a long term store of value. To get to other functions, it needs to grow up first...it's still just a teenager.