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by halukakin 1495 days 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?
2 comments
robjan 1495 days ago
The latter. The Coinbase fees would have to be a lot higher (and variable) if there was one wallet per customer.
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bitxbitxbitcoin 1495 days ago
Definitely the latter and the amount of people that don’t understand this is disturbing.
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