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I'm thinking of using coinbase(multisig vault) for long term storage as a viable alternative as opposed to holding the keys because of fear of EMPs, losing the neccessary items or simply forgetting.
So how safe is it? I read this https://www.reddit.com/r/Bitcoin/comments/2kr1qk/coinbase_multisig_vault_not_as_secure_as_you_think/ but is it still valid?
Do you control the private keys?, if you don't then it is not secure.So how safe is it? I read this https://www.reddit.com/r/Bitcoin/comments/2kr1qk/coinbase_multisig_vault_not_as_secure_as_you_think/ but is it still valid?
Not secure like not secure as in a bank? Because I'm kinda looking for a bitcoin bank that can store the coins for me.
With multisig vault you control the private key though, it's 2 out of 3 needed and coinbase only carries one.
