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How does Coinbase handle my digital assets?
Coinbase.com is a centralized cryptocurrency exchange that holds your cryptocurrencies or "digital assets" for you. When you use your Coinbase.com account to buy, receive or hold digital assets, they are securely stored or "hosted" in a custodial digital asset wallet for your benefit. At all times, these assets are yours - they never belong to Coinbase.
How to use Apple Pay?
You can buy cryptocurrency through Coinbase using Apple Pay linked to your debit card. Apple Pay is currently not available to add cash, redeem, and sell your cryptocurrency with Apple Pay. The limit you can use to buy cryptocurrency on Coinbase with Apple Pay is equal to the sum of your own debit card transaction limit and Coinbase limit.