Coinbase users have private keys?

[jaceefrost]

coinbase not open service private key
you can't import/export addres and balance in coinbase,
because coinbase not open service

is good section discuss about wallet, you can find in web wallet section

Simpliest explanation for coinbase not having an access to it's privatekey because coinbase is an exchange wallet afaik. I don't think not an open access is the right term to describe coinbase.

[Digitalbitcoin]

Hello guys. I've been using Coinbase for quite a while and I've heard a lot about how owning Private keys to Wallets (either Online /offline wallets) enhances security.


Well I check my Coinbase bitcoin wallet & didn't find anything referencing it. Is there anything I'm missing? or coinbase don't give users their private keys?

Coinsbase dont offer private keys for your wallet address. Coinsbase is only third part wallet services provider which offer buying and selling or sending and receiving Bitcoin service.

But if you think for safety of your coins then user must have own wallets private keys, to keep their bitcoins safe and secure.

[jman0war]

Plenty of mis-information in this thread.
Firstly, Coinbase is insured.

Digital Currency

All digital currency that Coinbase holds online is fully insured. This means that if Coinbase were to suffer a breach of its online storage, the insurance policy would pay out to cover any customer funds lost as a result.

The insurance policy covers any losses resulting from a breach of Coinbase’s physical security, cyber security, or by employee theft. The policy is provided by a syndicate of insurers through Lloyd’s of London.

Coinbase holds less than 2% of customer funds online. The rest is held in offline storage.

This insurance policy does not cover any losses resulting from the compromise of your individual Coinbase account. It is your responsibility to use a strong password and maintain control of all login credentials you use to access Coinbase and GDAX.
https://support.coinbase.com/customer/portal/articles/1662379-how-is-coinbase-insured-

There are also dangers to keeping your own bitcoins on your computer.
How safe is your computer?
What happens to your bitcoins if the hard drive crashes and burns?

[Devboy]

As far as i thought you are talking about private keys that most free quiently you want to hold your boitcoin with safety.So surely i'm not recommened you using coinbase like wallet not only there any private keys but also many more unfair reason it's not insured.

[thebatletbet]

As far as i thought you are talking about private keys that most free quiently you want to hold your boitcoin with safety.So surely i'm not recommened you using coinbase like wallet not only there any private keys but also many more unfair reason it's not insured.

if you want safe in big bitcoin, much bitcoin
you must choose wallet addres is support private key and 100% full control
you can use eleterum or bitcoin core, is the best wallet if you hold big bitcoin

coinbase not recomended hold big bitcoin because not support private key

[ibuddy122505]

As far as i thought you are talking about private keys that most free quiently you want to hold your boitcoin with safety.So surely i'm not recommened you using coinbase like wallet not only there any private keys but also many more unfair reason it's not insured.

if you want safe in big bitcoin, much bitcoin
you must choose wallet addres is support private key and 100% full control
you can use eleterum or bitcoin core, is the best wallet if you hold big bitcoin

coinbase not recomended hold big bitcoin because not support private key

Of course,A bitcoin owner who hold big amount than naturally came a Q how can he control it.So simply the safety and security of his bitcoins is his first priority.At least he choose a secure bitcoin wallet.As you know ultimately it is a good practice to keep your bitcoins safe.
So far coinbase not be recomended.Eleterum must be best one.

[wxa7115]

Plenty of mis-information in this thread.
Firstly, Coinbase is insured.

Digital Currency

All digital currency that Coinbase holds online is fully insured. This means that if Coinbase were to suffer a breach of its online storage, the insurance policy would pay out to cover any customer funds lost as a result.

The insurance policy covers any losses resulting from a breach of Coinbase’s physical security, cyber security, or by employee theft. The policy is provided by a syndicate of insurers through Lloyd’s of London.

Coinbase holds less than 2% of customer funds online. The rest is held in offline storage.

This insurance policy does not cover any losses resulting from the compromise of your individual Coinbase account. It is your responsibility to use a strong password and maintain control of all login credentials you use to access Coinbase and GDAX.
https://support.coinbase.com/customer/portal/articles/1662379-how-is-coinbase-insured-

There are also dangers to keeping your own bitcoins on your computer.
How safe is your computer?
What happens to your bitcoins if the hard drive crashes and burns?

Don’t get me wrong but those insurances are nothing but hot air, when the time comes a big hack happens, they will just wash their hands and use some legal trick to get out of those compromises they have done or they will just run away and not pay.