Hello everyone,
Ive been using coinbase for about a year and never had any issues with it.
I am planning on holding a few thousand dollars in eth/btc.
So my question is: Is coinbase safe in ur oppinion and if not what alternatives do u guys recommend? ✌
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Oh , no Coinbase is not an option for storing your assets, I would never store my tokens on an exchange wallets .
You can use any non- custodial wallets, which is 100% safe and secure.
The much safer ways of storing keys are Hardware Wallets , you can check Coldcard / Opendime / Trezor / Ledger. I have all these and I prefer Coldcard out of the all.
If you can't buy H.W then checkout Samurai Wallet [ Using for a long time ]
For an additional security, "I would suggest to Run your own Bitcoin Node", which prevents almost all kind of attacks. You can setup your own Bitcoin Node in your computer or Android phone. If it is not possible you can buy Casa node.
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A few thousand is nothing, but as 0x3043 said, you do not have control of your wallets.
Use Exodus, Bread Wallet, or a combination of MyEtherWallet and Electrum.
I'd recommend an hardware wallet like Nano Ledger X.
(Sep 26, 2019 07:07 AM)0x3043 Wrote: Oh , no Coinbase is not an option for storing your assets, I would never store my tokens on an exchange wallets .
You can use any non- custodial wallets, which is 100% safe and secure.
The much safer ways of storing keys are Hardware Wallets , you can check Coldcard / Opendime / Trezor / Ledger. I have all these and I prefer Coldcard out of the all.
If you can't buy H.W then checkout Samurai Wallet [ Using for a long time ]
For an additional security, "I would suggest to Run your own Bitcoin Node", which prevents almost all kind of attacks. You can setup your own Bitcoin Node in your computer or Android phone. If it is not possible you can buy Casa node.
(Sep 26, 2019 07:10 AM)Kill Joy Wrote: A few thousand is nothing, but as 0x3043 said, you do not have control of your wallets.
Use Exodus, Bread Wallet, or a combination of MyEtherWallet and Electrum.
(Sep 26, 2019 07:19 AM)eCoLoGy Wrote: I'd recommend an hardware wallet like Nano Ledger X.
Thank you for the answers guys. 🤝
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No mention,
Just keep in mind. If you have no control over the Private Keys, then you can't claim it is your Coin.
" Not your keys, Not your coins "
Look into bittrex or cashapp for investing! And a hardware wallet for storage.
I use a Ledger Nano S myself and I haven't had any problems with it.
(Sep 26, 2019 08:17 AM)Dopey Wrote: Look into bittrex or cashapp for investing! And a hardware wallet for storage.
Bittrex looks good ill check it out.
Have u ever used it for investing?
(Sep 26, 2019 02:58 PM)Zyger Wrote: I use a Ledger Nano S myself and I haven't had any problems with it.
Thanks dude. 🤝
You should check out Voyager. It's by the Uber CEO, I believe. No fee's buying crypto and soon they'll have USDC. On coinbase, there's a fee to buy USDC. Hopefully, it doesn't have a fee on Voyager
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(Sep 26, 2019 06:56 AM)Sovereign Wrote: Hello everyone,
Ive been using coinbase for about a year and never had any issues with it.
I am planning on holding a few thousand dollars in eth/btc.
So my question is: Is coinbase safe in ur oppinion and if not what alternatives do u guys recommend? ✌
Yea CB is fine. But i mean kinda vague of investing? What purpose you want? Any trusted exchange is fine i guess. Are you wanting to be able to withdraw to your bank straight from the site your storing your funds on? If you're American. Than Coinbase, Gemini, Kraken and CashApp are fine. I've used all 3. I've heard rumors Cashapp randomly bans for "large" transfers. idk though. I've withdrew a few grand no issues. So idk if this is true or not. Its been posted on the reddit a few times tho
(Sep 27, 2019 02:55 AM)Rico Project Wrote: Yea CB is fine. But i mean kinda vague of investing? What purpose you want? Any trusted exchange is fine i guess. Are you wanting to be able to withdraw to your bank straight from the site your storing your funds on? If you're American. Than Coinbase, Gemini, Kraken and CashApp are fine. I've used all 3. I've heard rumors Cashapp randomly bans for "large" transfers. idk though. I've withdrew a few grand no issues. So idk if this is true or not. Its been posted on the reddit a few times tho
Yeah i want to withdraw to my bank straight from the site. And im not from the US unfortunately.
Im from EU and CashApp isnt available in my country for now, im not sure for Gemini or Kraken tho.
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(Sep 27, 2019 03:18 AM)Sovereign Wrote: Yeah i want to withdraw to my bank straight from the site. And im not from the US unfortunately.
Im from EU and CashApp isnt available in my country for now, im not sure for Gemini or Kraken tho.
Have you checked Bittrex International?
(Sep 27, 2019 09:06 PM)Kill Joy Wrote: Have you checked Bittrex International?
Nope, but i have check Bittrex, are there any differences between Bittrex and Bittrex International?
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(Sep 28, 2019 02:14 AM)Sovereign Wrote: Nope, but i have check Bittrex, are there any differences between Bittrex and Bittrex International?
It’s for EU customers.
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