Bitcoin Forum

Economy => Exchanges => Topic started by: Wai0617 on April 19, 2021, 06:04:30 AM



Title: Can We find the wallet address of coinbase?
Post by: Wai0617 on April 19, 2021, 06:04:30 AM
Hi, just like the title showed.

I am wondering that it is possible for us to find the wallet address of coinbase? (cold wallet address)
I know that there are some websites already have some wallet address of some exchanges like binance, but I don't see any website has the wallet address of coinbase.
Can we find the wallet address of coinbase? Or Why other exchanges have public wallet addree but coinbase does not?

Great thanks in advance


Title: Re: Can We find the wallet address of coinbase?
Post by: bakasabo on April 19, 2021, 06:19:59 AM
As Coinbase generate a new bitcoin address for every deposit and further use this funds for other users transaction, I think it will be nearly impossible to reveal cold wallet or major exchange wallet address.
Besides, this is a matter of security to hide such address. While other present themselves as a transparent exchange, showing all the address, Coinbase has chosen a more secure tactics.


Title: Re: Can We find the wallet address of coinbase?
Post by: Kong Hey Pakboy on April 19, 2021, 06:33:27 AM
As Coinbase generate a new bitcoin address for every deposit and further use this funds for other users transaction, I think it will be nearly impossible to reveal cold wallet or major exchange wallet address.
Besides, this is a matter of security to hide such address. While other present themselves as a transparent exchange, showing all the address, Coinbase has chosen a more secure tactics.
And in the first place, why would someone ask for the address of Coinbase in the first place, I mean will they get something out of it if they know what is the address? The only thing that I imagine with this kind of thing is that people who ask this question either wants to specifically target Coinbase, but I could be wrong and this is all just an honest inquiry.


Title: Re: Can We find the wallet address of coinbase?
Post by: NeuroticFish on April 19, 2021, 07:21:50 AM
Can we find the wallet address of coinbase? Or Why other exchanges have public wallet addree but coinbase does not?

I would guess that it's, amongst others, for security reasons.
If it's not easily visible then they may spend some actual effort to hide it. And I would expect as part of this strategy, to actually have a bigger number of cold wallets, to avoid having it outstanding in the top richest addresses.


Title: Re: Can We find the wallet address of coinbase?
Post by: dkbit98 on April 19, 2021, 10:56:36 AM
Can we find the wallet address of coinbase? Or Why other exchanges have public wallet addree but coinbase does not?

I tried to find Coinbase in bitinfocharts and walletexplorer, then looked at Bitcoin rich list and I can't be certain what cold storage address is used by Coinbase, but I suspect they are using multiple addresses.
We can probably find some of their wallets in top 50 addresses if they have many transactions, and if we exclude all other exchanges that are already identified:
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html


Title: Re: Can We find the wallet address of coinbase?
Post by: elda34b on April 19, 2021, 11:16:22 AM
There's a lot of bots such as the whalebot alert that list exchange wallets. I'm not too sure whether their database is right but that should answer your question. If you plan on doing it by yourself, I think you'll have to use a lot of resources and time. Probably not worth it compared to the result that you'll get.


Title: Re: Can We find the wallet address of coinbase?
Post by: o_e_l_e_o on April 19, 2021, 11:35:03 AM
I am wondering that it is possible for us to find the wallet address of coinbase? (cold wallet address)
Coinbase do not keep a huge amount of coins a single address anymore like some other exchanges do, so you will not be able to locate a single cold wallet address.

Take a look at this transaction: https://blockchair.com/bitcoin/transaction/a289ea76bcc396412e90d63b90eb462ea2adb326aa027d5a1bb8864c7c152012

The 9 output addresses of this transaction all belong to Coinbase and were part of their old cold storage system, each holding around 66,000 BTC at their peak. At multiple times over the past few years they have all been emptied, with the funds on them going down a chain of transactions and being split evenly across thousands of addresses in presumably dozens of different wallets, in denominations from 2 BTC to 100 BTC per address. This is Coinbase's cold storage system now, so it is impossible to find any one single cold wallet address, and it is impossible to know exactly how much bitcoin they have in their custody.


Title: Re: Can We find the wallet address of coinbase?
Post by: fiulpro on April 19, 2021, 12:39:01 PM
As Coinbase generate a new bitcoin address for every deposit and further use this funds for other users transaction, I think it will be nearly impossible to reveal cold wallet or major exchange wallet address.
Besides, this is a matter of security to hide such address. While other present themselves as a transparent exchange, showing all the address, Coinbase has chosen a more secure tactics.

Yes and we should remember that is in indeed *difficult* but not *impossible*.

For a very smart person who knows what he is doing he can for sure find the address, but rest it's also dependent on the person who is using the wallet also since at the end of the day personal errors are the ones which causes most of the problems.

What am more concerned about is that , Coinbase would ofcourse have all the data stored and they are more likely to undergo an attack , people have been trying a lot hard to make sure that the site is compromised but I have not seen some major news regarding them. There are few instances where people's personal wallet was hacked but then again it was the faltu of the people and not Coinbase itself.

I do think that cold storage wallet address are way more secure and the only one who can cause a problem would be the Coinbase's storage data itself.


Title: Re: Can We find the wallet address of coinbase?
Post by: pinggoki on April 19, 2021, 12:58:00 PM
To be honest, locating or finding the wallet address of coinbase will be really hard as it has the feature of generating a new bitcoin address or cryptocurrency address and that's why I don't think that it will be possible to locate a address in coinbase. Coinbase is a type of wallet that is very secured because you can generate wallet address as long as you want, by doing this it will be hard to trace the transactions that is being issued in the account.