How many of you are moving all of your btc off coinbase?

[keithers]

How many of you are completely moving your entire contents of btc off of coinbase prior to the 7/30 date like their support email specified to do if you didn't want your coins tied up there for a short period of time? 

We don't know an ETA of how long funds should be tied up there right?  I don't store that much there, but I'm wondering if I should go through the motions of sending them to cold storage if it's just my loose spending money there.

I definitely won't be leaving multiple coins there but what are your guys thoughts on 1.5 btc or less?

[pooya87]

you shouldn't be using a web wallet to keep bitcoin anyways and should have moved your coins to cold storage a long time ago.
unless you are using coinbase as your exchange and need to have coins and fiat there to go in and out of orders to trade and make profit. that is a different way and a different level of risk taking, and there is nothing you can do about it and it has nothing to do with Aug 1.

[costina]

In January 2017 I had go out Coinbase because when Bitcoin market have problem as the price increasing very fast or flash crash, Coinbase will hold my Bitcoin and I can't sell Bitcoin in that time. So, I move my Bitcoin to Electrum and using until today. Electrum very useful and better than Coinbase about security and keep safe my Bitcoin. Not only have option keep private key, it still support use 2FA

[keithers]

you shouldn't be using a web wallet to keep bitcoin anyways and should have moved your coins to cold storage a long time ago.
unless you are using coinbase as your exchange and need to have coins and fiat there to go in and out of orders to trade and make profit. that is a different way and a different level of risk taking, and there is nothing you can do about it and it has nothing to do with Aug 1.

I do use several cold storage wallets for all my substantial balances.  Coinbase I just use to purchase things like trezors, nanos, web services, etc.

I also sometimes use it as an inbound address if I'm selling sneakers or something like that. It's probably like 2% or less of my BTC there.

I used to buy as low as I could and sell as high as I could in the beginning, but all the fees they implemented made it tough to be profitable as you can't really use it as an exchange.

[Soutogu]

Everyone should be doing it to be completely honest. August 1st might come and pass and nothing happens, but in the odd event that something DOES happen, you'd better be safe and have your coins in your own wallet, not in an exchange. That means you'll get to keep your coins no matter what and also have the forked version of it, and if it ends up being worth something, good for you.

[mk4]

I've read too much posts on people having problems with Coinbase. I wouldn't risk it to be honest. Also, I really don't like storing bitcoins on wallets whereas I don't have access to the private keys. It's a bad idea in the first place. It sort of beats the attribute of bitcoin being decentralized.

[Kakmakr]

I only use them, when I want to convert some bitcoins into fiat and to trade when the price takes a dive. I always move my coins out, if I am not trading. Just look at what happened with BTC-e now and previously to MtGox. The exchanges are simply not safe to store coins.

If I were you I would move everything to cold storage, where you have 100% control over the private key. This enables you to make the call, if it comes down to it.

[Dudeperfect]

I don't usually put my coins in web wallet unless I have frequent transactions because I find that web wallets are easy to use but still there is a risk associated with it as compared to that of offline wallets. We have already experienced these things multiple times since 2013 and thus I don't keep more than what I need on the web wallet. However, I haven't used Coinbase yet as I had no issues with my current web wallet service provider since 2014.

[keithers]

I just went to send some out of there and there is a pop up message saying there are "transaction delays" because of a backlog of btc and ETH withdrawals. I guess we are going to find out pretty quick if coinbase has been up to some fractional banking like all the big banks. Coinbase has essentially become the Wells Fargo or Chase of Bitcoin.

I don't know how long the delays are and I'm going out of town tomorrow morning so I guess I'm just going to leave my small amount of BTC in that wallet.

Anyone know how long these delays are per transaction? Are we talking hours or days?

[prieaji]

I'm sorry I've read the writings about people who have problems with Coinbase. I just move half of it alone is more enough for me.

[Amevalentine]

still saving bitcoins on web wallet is not recommended for that time upcoming.
moving all to cold storage should doing long time ago, but there still nothing too late for go it.
as looking for traffic today at https://blockchain.info/unconfirmed-transactions , it seems needed for 5-6 confirmations will not take for long time, maybe some hours.

[carlerha]

I've read too much posts on people having problems with Coinbase. I wouldn't risk it to be honest. Also, I really don't like storing s on wallets whereas I don't have access to the private keys. It's a bad idea in the first place. It sort of beats the attribute of  being decentralized.

i also have heard too much about it and that is the reason that i also do not using coinbase for storing my bitcoin in fact i will never like to use such kind wallet or exchange where i think my bitcoins are in safe place.

[keithers]

I sent 1 btc out of there early this morning since I will be out of town when the 30th comes around. Sent at 5:24AM, and now 3 hours later it is still sitting in pending. It hasn't even gone onto the blockchain for any confirmations yet so it's definitely super laggy right now. A ton of people must be pulling their funds.

It will probably take even longer as the 30th approaches so if you're moving coins off of there I'd recommend doing it ASAP.

[Script]

I'm moving my bitcoin from all exchanges not just Coinbase.

Also thinking cashing out altcoins also, as I believe they're going to crash hard because everyone is going to do the same thing to get free BCC coins...

[LeGaulois]

I started to move my Bitcoin from Coinbase since a few weeks ago. Not for the same reason but because I got tired of seeing their website offline each time the Bitcoin value is dancing like a queen up and down. With the August 1 date, it just gives me another reason to move from there. We are already July 27, so speed up the process to move your coin, don't wait too much

[NorrisK]

I would buy a hardware wallet for all major coins where possible or run your own client.

Therefore, I would definately recommend you to move your coins from coinbase now and keep them off unless you want to trade.

[Kprawn]

I would buy a hardware wallet for all major coins where possible or run your own client.

Therefore, I would definately recommend you to move your coins from coinbase now and keep them off unless you want to trade.

Very sound advice, but people still need to trade coins to retain it's value and also to steer it's direction IF there is a coin split.

I would say most of these exchanges will follow the majority decision and that can only be determined IF people still trade on

these exchanges. This is just me, but I will move at least 80% of the coins I usually trade with onto cold storage, where I

have FULL control over the private keys and then keep 20% of my coins on my favourite exchange, to help to steer the

direction that this experiment should take. 

[lite]

I have moved all my coins off coinbase/exchanges to trezor. one should really avoid keeping any coins on exchanges, they can't be trusted!
gox-cryptsy-btce-? next one would be?

[Anarchist]

I have moved all my coins off coinbase/exchanges to trezor. one should really avoid keeping any coins on exchanges, they can't be trusted!
gox-cryptsy-btce-? next one would be?

As long as it never happens to them, people don't want to learn. When it happens to them you see them yelling scam, etc.
It's fine to use a web wallet for your daily transactions or quick and easy access, but storing everything on it, is a big NO

[ibuddy122505]

Regarding the hard fork on August 1st people become so crazy. Coming a question, Is it safe to leave Bitcoins in Coinbase though Coinbase announced support for it. At the moment, Is Coinbase will remain safe? NO, I can't feel confident that all of my funds will remain safe such of exchange wallet nor Coinbase.