I just opened a Coinbase account and purchased one ETH. Then I looked up the ETH wallet address (right on Coinbase), went to etherscan and searched for this address….Account was found, but doesn't show any balance or associated transaction. Please, advice.
P.S. Coinbase shows a balance of 1ETH
Best Answer
I not a user of Coinbase, but from my common sense theory, they settle your balance only on at an outgoing transaction to reduce transactional expenses and to have an ability to exchange your ether balance to other currencies. If it's in your wallet and only you have a key to that wallet they can't spend your ether.