help with banking

[ikeee]

Hi all,

so I have around 3 bitcoins in hashnet and was going to transfer this to my coinbase account, but have read a few negative remarks about them here, just wanted those who know opinion on them are they safe ?. going to buy a lot more coins over the coming years and really want to not worry about them till the time comes to use them.

thanks guys I know many questions are on these matters but for newbies I need to know long term its safe.

[1715080416]

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[1715080416]

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[1715080416]

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[pedrog]

Why don't you transfer to a 'normal' wallet, like Bitcoin Core, Multibit, ... ?

If you don't feel comfortable with Coinbase just use any other exchange, there are quite a few out there...

[expert4knowledge]

Why don't you transfer to a 'normal' wallet, like Bitcoin Core, Multibit, ... ?

If you don't feel comfortable with Coinbase just use any other exchange, there are quite a few out there...

Yes, I do not know about them very much but I know that for example in blockchain at least you are more secure.

[Cybertron00]

Well man I use coinbase and so far their service is good but if you don't trust them just buy bitcoins on exchange sites, that way you'll feel more secured then transfer it to the wallet of your choice. 

[Herbert2020]

don't use coinbase for "keeping" bitcoin. you can use them for purchase if you like but never keep your bitcoin there. there is a lot of risks when you hold your coins in a web wallet especially one that you have no access to private keys.

use blockchain.info for web wallet : high risk
or use a desktop wallet which have lower risk if it is connected to internet and no risk if used always offline:
bitcoin core : full node (>60 GB)
Electrum : SPV wallet (30-40 MB)

or use paper wallet for max security.

[Vaccomundus]

use local wallet, don't use webwallet, they are bad and controlled, bitcoin is meant to be used locally, bitcoin should remain decentralized

[hermanhs09]

Hi all,

so I have around 3 bitcoins in hashnet and was going to transfer this to my coinbase account, but have read a few negative remarks about them here, just wanted those who know opinion on them are they safe ?. going to buy a lot more coins over the coming years and really want to not worry about them till the time comes to use them.

thanks guys I know many questions are on these matters but for newbies I need to know long term its safe.

Well, if you don't control the private key, you don't own the coins. It's simple as that.

Coinbase has a pretty good reputation as an online wallet, but anything can happen to a company. Like cryptsy, they can close down and pull off a runner any time. Because you don't have access to your private key, you lose all your bitcoins. I suggest you use a cold storage facility to store large amounts of coins instead.