Bitcoin Forum

Would you think that coinbase wallet is more secure for stock for bitcoin?

And is there any possibility to lost my btc from coinbase wallet?

We know this is a third party wallets. It means we do not hold our privatekeys. And we can not freely do all the things we do with our bitcoins. Because they have policies implemented. And if we violate this, it is probable. If you really want to keep a lot of btc safe and do not worry about it. is in myetherwallet or whatever wallet as long as you hold your private keys.

Yes, its possible you might lost your btc if a hacker penetrates into their system. All web based wallets are not completely safe, you should try wallets that will store your keys on your device. A good example is Electrum. Its lightweight , secure and decentralized wallet.

There`s no possibility to lose your bitcoins,but there is a possibility that the Coinbase customer support will block your account,if you use your bitcoins for gambling and other illegal activities.
I`m not a Coinbase fan,becasue i had issues with logging into my wallet around 2 years ago.
Their customer support was slow,but everything was fine in the end.

myetherwallet? is it not for ethereum? I said about bitcoin. oh then I see!! which wallet has private keys.
thank u so much

I moved from CEX to Coinbase because CEX's fees where far higher.
I have had no problems with either of them and use 2 phase authentication.

no it is not.
cold storage such as paper wallet or a hardware wallet is more secure. in fact anything else even a desktop wallet is more secure than a third party web wallet that you don't even have access to the private keys.

yes there are many possibilities:
- you account can get hacked
- their system may have a flaw in it that leaks your account
- they can someday decide that you are using coinbase against their TOS (like gambling) and block your account
- they can turn into scam and run away.

Well I think coinbase is safe for bitcoin inventory storage. I also use it, and already proven on coinbase it is safely, it's for me. If the possibility of losing me less so know, because so far i didn't losted my btc on coinbase.

If you think that you are not capable to control your computer and password, coinbase maybe a good idea. Since there are many people who do not know how to use the computer properly, their computers are harmed by virus, trojan, etc. Coinbase will help you to avoid those issue. But, as you know, using coinbase means your bitcoin is controlled by a third party. Therefore, I still recommend you to learn some basic knowledge about the computer and download a bitcoin pc wallet for your own. There are many complaints about coinbase system already

Any wallet service that doesn't allow you access to your coins by letting you export your own private keys is risky to use.

Even though coinbase is a registered company regulated under the US government, it is still possible for them to get hacked and you in effect get nothing back, and lose all your balance. Although this is unlikely this is something to consider when you are planning on storing money with them.

Also just would like you to know that recently, coinbase support has been absolutely horrible. Users do not get any response for weeks, and often they have issues sending bitcoin or transferring btc out of the vault. Would not recommend using them unless they solve these issues.

It's not secure, as your money hold by third party wallet and sometimes their service would be closed. It would be better to make your own address from vanitygen, hold your private key and then store them. It much better than using default address offered by Coinbase.

Yes.

A big no, coinbase isn't secured and you don't have the private keys on it. Those wallets that is giving you the private key are those secured ones. I wouldn't put all my bitcoins stored at coinbase and it's a risky thing. If you are aware of mt.gox and bitfinex hacking incident, the same thing can happen to coinbase and your coins can be lost too.

Thank you very much all Dud.

I also thinking now that, it is not secure and its transaction fee is more than other bitcoin wallet service.

So, what is the perfect wallet?

I will ask in thread.

Thanks again

Losing your coins would be a rare instance as they support 2FA but if you are involved in exchanging bitcoins for other currencies or gambling your money, they can close your account anytime. They have too many restrictions compared to xapo and hence it's better to use xapo as the fee charged by both is the same.

This question was asked million times. If you would spend few minutes for research, you would find the answer. I will help for you - read this article:
https://99bitcoins.com/best-bitcoin-wallet-comparison-review/
My advice - choose wallet, where you can access your private keys.

Thank you bro. I will see this article.
So from now, I will try to use a wallet which has private keys.
😍😍

Without private Key no one wallet is safe and secure. you can lost all of your Bitcoin any time if the site hacked or they face any issue. So every time try to use a wallet that provide you private key for your wallet.I am a coinbase user,regularly using this wallet.not yet facing such horrible issue but i also know its not safe.because i have no private key for my wallet.
So for storing bitcoin try to use desktop wallet.it is safe, don't use online wallet for store your bitcoin.its high risky.
I am thinking about desktop wallet, I need to use it.

coinbase or other if you are using third part application and wallet it is not your own coin. you should use your own wallet with your private key.

Coinbase is secured if security is your only concern but for long term storage like 2-5 years in stock its not advisable that was very risky decision there is no assurance that you can recover all your stored btc if something happens in this kind of exchanges sites, Coinbase is only good for buying and selling your btc not for long term storage, use desktop wallet instead. 

Coinbase is a good wallet friend. You can try that wallet. I never had any issues with them. 4 months back their transaction fees was very high. So I shifted my coins from there. But now I heard that it again introduced zero transaction fees. In terms of security also its really good. But after all its a online wallet and you don't have control on your coins.

By no means is coinbase a secure wallet.

They may be  aconvenient wallet to use but then if they get hacked or whatever, then you and your funds are completely screwed. Since you have no control over your own private keys whatsoever, it is extremely easy for them to deny or suspend access to your account/funds.

There is no perfect wallet per se, i think that you need a mix of convenience and security. I would go with either blockchain.info if you prefer a web based wallet or electrum for desktop wallet.

I am not sure why are you planning to use coinbase to store your bitcoins, you could take a look on their reddit forum, there are a lot of their customers complaining about issues on their account in coinbase, and it seems that the support in coinbase are non-existence, maybe it is time for you to search for another alternative bitcoin wallet.

Im also the one who experience of lots of issue in their wallet..
And i think until now the sign message still not working and i think it will never work anymore..
i am always experience of pending receiving bitcoin in coinbase from the past few years and months and stop using it much better to use for now is electrum since i can control the transaction fee i can pay for less fee.. when sending bitcoin to other people ..

Personally, I don't like Coinbase as a wallet. It's ok if you have been buying small amounts of BTC on coinbase, but it's didn't recommend keeping your btc in coinbase, in the cases your wallet could be harmed in the future, use Electrum instead.

Coinbase is a nice wallet because it has 2FA and vault features, I coinbase user over a year and all accounts are safe without ever diminishing, besides I use Coinbase to save Ethereum.

Using online wallet has a big possibility to lost our fund, we do not hold their system they can easily shutdown their data base and we do not access our account anymore, but if there is local bitcoin wallet in your country and you are holding your private key i think that is much better to used to hold your bitcoin. Also blockchain is one of the best wallet for me i do not experience any trouble using their services but i think also coinbase is one of trusted bitcoin wallet even i do not using it but the feedback by other users was a proof that this wallet is very legit.

Anything where you don't hold your private keys is unsafe for long time holding. Considering it an investment, simply go for paper wallet or wallets with only you having the keys. Though you don't have the private keys in Coinbase, I don't think it will simply shut down and scam people. Its a very legit company, unless they get hacked, and I hope they won't be.

And i heard coinbase right now is legal business on US base in what i heard to other people living in US..
So for me i think they are also safe to use to leave and hold our bitcoin for a long time the only problem there is there terms.
You should know the terms first of using their service before you transact your bitcoin to other because they are tracking your transaction if where you use their bitcoin you bought from them..
Well if you can't trust coinbase electrum is a good option that i always keep my other bitcoin for holding it for a long time.

coinbase is very good wallet to use for online payment always remember not store all assets in one place . 

Coinbase has been around for a longer periods and they have ways you can make your account secured. However, if you want to keep your coins safe, do not ever leave your assets either in an online wallet or exchange since you have no control over them as you do not have your private key to the wallet.

There are so many desktop or mobile wallet you can try such as electrum or exodus for desktop and mycelium for mobile which can give you full access to your account.

Before you go ahead with the private key thingy though, it is best you read more about it on this thread or even on google so you can know what you are going to be holding. If you are storing for long though, it is best you consider a paper wallet (you don't have to buy) or just consider a hardware wallet (you have to pay some amount).

Coinbase is technically a wallet and probably the safest exchange to keep them. I personally use coinbase. Actually, It depends, if you just plan to hold and not trade then I'd definitely move it into a safer wallet than Coinbase. Here, paper wallet will be the best.

I’m more of a convenient looking kind of guy, Coinbase works fine for me now but before as the transaction fees as high I would not even recommend it. After the bitcoin cash fork a correction might happen for why the fees is now much lesser.

I will rate Coinbase from 1 to 10 (10 as the highest), I will give it to 6 for now that is above normal to security and practicality. It must be more of I tried most of the wallet out there and I know hardware still on my top list.

nope.its not so secure for holding bitcoin. coinbase did not provide any private key for your bitcoin.so don't store bitcoin in coin-base wallet.

If you have no choice but Coinbase then you can use Coinbase to store your Bitcoins and Ethereum but make sure that you also activate 2FA as an added protection against hackers. Nothing is safe nowadays, if one is determined to hack their way into your wallet regardless if you have 2FA   they can hack their way in and steal your Bitcoins. So better do all the necessary precaution to keep your wallet safe.

For those people only that doesn't have choice. But for me it's only good when you will sell your bitcoin but using them as a storage of bitcoin and Ethereum it's not a good choice. There are better ways and wallets for keeping our bitcoin and coinbase is not the top choice. They are a good wallet but still they are prone to any attacks and we know that exchanges are being targeted by hackers so if you'll use them, make sure that you'll not put big amount of bitcoin there.

i just use coinbase wallet for buy and sell bitcoin.never i hold  btc in coinbase. but i think you can stock your btc in coinbase  and safe for every user. 

The best is offline wallet