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#307 – Brian Armstrong: Coinbase, Cryptocurrency, and Government Regulation
Lex Fridman Podcast
Is a Self Custodial Wallet a Competitor to Coinbase?
Coinbase is a self custodial wallet. It provides security measures, like cryptography measures to protect you without a centralized component. If your funds get seized, the coinbase can't do anything, but you better not lose your phone in that case. But there is a recovery mechanism because you can get the one key from Coinbase, the one from your backup provider and recover a new one on your phone.
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