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Understanding Coinbase's Custodial Service and Deposit Implications

No, it doesn't work like that here. Coinbase is their custodial service. When I deposit, it means they've bought and transferred the assets into storage.
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AI Analysis

This opinion emphasizes that Coinbase operates as a custodial platform, meaning that when a user deposits funds, it doesn't simply mean the funds are in a personal wallet but are instead purchased and...

AI Recommendation

I recommend that investors clearly understand that depositing funds on Coinbase means their assets are purchased and stored by the platform itself. This custodial approach provides security and conven...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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