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Coinbase will one day become a crypto bank, but right now the role of exchanges is minimal, on/offramps and being the wallet for a lot of people. I don't think
by cblconfederate 6y ago
Coinbase will one day become a crypto bank, but right now the role of exchanges is minimal, on/offramps and being the wallet for a lot of people. I don't think they re much different than binance. They re more trusted because as an american company they are considered more protected, but that's not something they achieved, it's afforded to them by the fact that they're american.
- arthur_sav 6y agoThe reason i trust them is the people, the work and not the location. Coinbase is backed by respected investors, the founder is well known and they seem to be in for the long run. Security wise, they have implemented many counter measures to prevent funds being stolen and so far i haven't heard of any breaches. They can handle large sums of money with no issues. So to sum up, they don't do sloppy work and the founder won't mysteriously disappear with the funds.