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Can you explain the difference between Coinbase and an exchange? I'm afraid now that an order I put in could be futzed up.
by d23 13y ago
Can you explain the difference between Coinbase and an exchange? I'm afraid now that an order I put in could be futzed up.
- nathas 13y agoSure. Coinbase, as far as I know, sources its coins from the exchanges (Mt Gox, Bitstamp, btc-e, etc). I could be wrong about this. Coinbase acts as a nice middleman where you can securely link your bank account, and for this convenience Coinbase charges you a higher fee than the exchanges. They procure your coins, handle the financial leg work, and suddenly you have access to bitcoins. I wouldn't worry about it. I've used both quite a bit. It was a huge pain in the ass to gain access to Mt Gox. Coinbase is just better imo. The support team always comes through for any problems.