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When you buy BTC using coinbase do you really have a wallet somewhere, do you really buy BTC? Or does coinbase allocate BTC to you from its own BTC holdings?
by halukakin 5y ago
When you buy BTC using coinbase do you really have a wallet somewhere, do you really buy BTC? Or does coinbase allocate BTC to you from its own BTC holdings?
- robjan 5y agoThe latter. The Coinbase fees would have to be a lot higher (and variable) if there was one wallet per customer.
- bitxbitxbitcoin 5y agoDefinitely the latter and the amount of people that don’t understand this is disturbing.