Ironic isn't it? The most useful service and (... no seeds, no stems, no sticks))) nobody knows nothing about the way they operate. They gotta use something to generate BTC wallet addresses for the registered users aren't they?
Thats not ironic because there must be a tangible reason why their boards choose to kept the information hidden and the last time i checked coinbase is not the only centralized exchanve site that dont expose the derivation path they used but I'm that they will use either the BIP39 or 44. 
Topic: what derivation path coinbase is using? (Read 199 times)
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Ironic isn't it? The most useful service and (... no seeds, no stems, no sticks))) nobody knows nothing about the way they operate. They gotta use something to generate btc wallet addresses for the registered users aren't they?
Before you go in the direction that no one knows anything about their business, a few minutes of searching on Google would give you enough answers to change your mind. Coinbase is not some secret agency, but it is also not a completely open organization that is required by law to share all information with the public. I may be wrong, but only Coinbase described in detail the process of generating private keys, which some didn't like because they thought it was a security risk. I don't believe any other crypto exchange has more security then Coinbase, but that doesn't mean people need to keep their funds there.
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nobody knows nothing about the way they operate
I'd guess that it's the same with most/all custodian services. I see no reason they would share info about their internals. Every bit of info they share may be exploited by somebody sooner or later.
And that's why you should use a proper wallet instead of a custodian. Install a wallet, backup your seed or private keys safely and you are the master of your money.
Of course, you should install a wallet with public source code, so you can see how it operates
Ironic isn't it? The most useful service and (... no seeds, no stems, no sticks))) nobody knows nothing about the way they operate. They gotta use something to generate btc wallet addresses for the registered users aren't they?
WE don't need to know because THEY control everything (private keys, generation of new keys,...) not the users. even if you had their entire source code it still wouldn't be useful to you because at the end of the day you still don't have anything from the account you have to use that information with.
Ironic isn't it? The most useful service and (... no seeds, no stems, no sticks))) nobody knows nothing about the way they operate. They gotta use something to generate btc wallet addresses for the registered users aren't they?
Of course they do... but it is a proprietary, closed-source system. So it isn't at all strange that no one knows what they're doing or how they're doing it outside of the coinbase development team 
Ironic isn't it? The most useful service and (... no seeds, no stems, no sticks))) nobody knows nothing about the way they operate. They gotta use something to generate btc wallet addresses for the registered users aren't they?
Of course they do... but it is a proprietary, closed-source system. So it isn't at all strange that no one knows what they're doing or how they're doing it outside of the coinbase development team 
They'll know how their system works. They were using full nodes at first and I imagine they still are. The issue with publishing proprietary security methods are thst it can make your security systems less secure and thus easier to bypass or someone from the inside running network operations and keeping the server online may be able to work out what private keys are going to be in use from the software team...
Coinbase seem to script most of their work themselves so it's for them to know how things are derived...
Coinbase seem to script most of their work themselves so it's for them to know how things are derived...
Ironic isn't it? The most useful service and (... no seeds, no stems, no sticks))) nobody knows nothing about the way they operate. They gotta use something to generate btc wallet addresses for the registered users aren't they?
No one knows here about the derivation path of Coinbase wallet they don't even have blog posts or articles about what derivation path of their wallet.
Coinbase is just an online exchange site and it is not the same as a wallet like Electrum or any wallet that you can manually choose a derivation path of your wallet.
If you still want to know about the derivation path of their wallet you can ask them directly through this portal below.
- https://support.coinbase.com/customer/portal/emails/new
Coinbase is just an online exchange site and it is not the same as a wallet like Electrum or any wallet that you can manually choose a derivation path of your wallet.
If you still want to know about the derivation path of their wallet you can ask them directly through this portal below.
- https://support.coinbase.com/customer/portal/emails/new
Coin base is not a wallet. Their "wallet " is not a wallet but a custodial service.
You don't have a seed for every user, but mostly a derivation path for every single user or something like that.
It doesn't work like any other real wallet. You don't even have your private keys there.
What do you mean? I doubt coinbase is using that bip and are probably just using core to generate a new address for each user... They may have something scripted to derive a certain private key or it may just be given a label assigned to that user. They existed long before the seeds came into use so they must have their own solution to this already.
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