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Author Topic: One Question about Coinbase  (Read 439 times)
Brubaker (OP)
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December 16, 2013, 07:43:41 PM
 #1

OK, so i took the plunge into btc's.   It was very difficult to deal with some of the companies for various reasons, plus I think there was a buying frenzy going on in November and their servers couldn't handle the flow.

So I finally was able to buy my coins on Coinbase, which was not hard at all.   My question is, do I leave the coins 'there' on Coinbase, or do I have to get a wallet for storage?   It looks safe to store them there on Coinbase, but I don't know.

Thanks in advance for any responses.
murphyrulez
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December 16, 2013, 07:52:03 PM
 #2

I would move them off into your own wallet, if you aren't planning on selling them anytime soon. I installed Electrum for my personal wallet. It is safer to keep them on your own wallet rather than leave them in the hands of a server somewhere.
BlockChainLottery
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December 16, 2013, 07:53:17 PM
 #3

Depends on how big your investment is. If it's substantial, I would say no.
You should store it on your own computer, but know what you are doing.
Everything you try, try it with a small amount and know for sure that it went OK.

BitJock-e
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December 16, 2013, 07:57:15 PM
 #4

Coinbase is one of the most trustworthy sites out there, but no site is 100% secure.
Faince1985
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December 16, 2013, 08:00:11 PM
 #5

In my own opinion it's better to keep them save at your wallet (online or offline) than keeping them in an exchange,though Coinbase is better than most exchanger but some law can come at anytime making more restriction etc...

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