August 1- Should I keep my BTC at Coinbase?

[Gornidah]

Hey guys,

Hearing so many things about the August 1 fork that i really don't know if i should keep or remove my BTC from Coinbase.

What you guys think? Its safe to keep them there?

Thanks.

[CryptosapienZA]

No, no, no, HELL no. Move all your coins from an exchange into an offline wallet. Hardware wallets, desktop wallets and paper wallets are far more safer than an exchange. Your coins could disappear or you could miss out on the opportunity of getting extra coins from the forked chain. Exchanges are exchanges, they are never safe to keep your money in there anyway. Unless you are a trader, there is never a good reason to keep your coins in an exchange.

[iram1011]

Hey guys,

Hearing so many things about the August 1 fork that i really don't know if i should keep or remove my BTC from Coinbase.

What you guys think? Its safe to keep them there?

Thanks.

You better transfer your Bitcoin from Coinbase to cold storage or any desktop or mobile wallet where you can have access to your private keys. This would be best. Don't trust any exchange for now with your Bitcoin. Most importantly after hardfork you will have access to BCC as well if you hold your private keys.

[DeathAngel]

Absolutely not, you need to ensure that your bitcoin's are in a wallet that you are the sole owner of the private keys.
Use a paper wallet or bitcoin core client.

[krishnapramod]

Hey guys,

Hearing so many things about the August 1 fork that i really don't know if i should keep or remove my BTC from Coinbase.

What you guys think? Its safe to keep them there?

Thanks.

1. Coinbase doesn't support UAHF or its associated coin (Bitcoin Cash). If you want to access your coins on the UAHF chain you should withdraw your funds before July 31.

2. Four hours before the UAHF event until the network stabilizes Coinbase would suspend all deposits, withdrawals, buy/sell options. All exchanges would be following this same procedure.

Any transactions on August 1 until there is network stability is not recommended and don't keep your funds on any exchanges. Move it where you have access to private keys.

https://support.coinbase.com/customer/portal/articles/2844217-uahf-uasf-faq

[HempMongolia]

Keep your coins in a wallet such as Exodus, Jaxx etcetera to receive BCC. If you keep your coins in an exchange, you'll not receive your BCC equivalent.

[mamahpapah]

Hey guys,

Hearing so many things about the August 1 fork that i really don't know if i should keep or remove my BTC from Coinbase.

What you guys think? Its safe to keep them there?

Thanks.

think simple bro, im already move my bitcoin from exchange site to my wallet i have privatekey for access this address
i think thats safe.
and remember dont make any transaction on 31 july

[BCTBF]

Hey guys,

Hearing so many things about the August 1 fork that i really don't know if i should keep or remove my BTC from Coinbase.

What you guys think? Its safe to keep them there?

Thanks.

1. Coinbase doesn't support UAHF or its associated coin (Bitcoin Cash). If you want to access your coins on the UAHF chain you should withdraw your funds before July 31.

2. Four hours before the UAHF event until the network stabilizes Coinbase would suspend all deposits, withdrawals, buy/sell options. All exchanges would be following this same procedure.

Any transactions on August 1 until there is network stability is not recommended and don't keep your funds on any exchanges. Move it where you have access to private keys.

https://support.coinbase.com/customer/portal/articles/2844217-uahf-uasf-faq

A helpful explanation, it is better to convert it now into fiat money or exchange it to altcoins even if it is stored in a wallet that can be accessed with a private key is very safe and reliable, these are just a few options.

[matuson]

I'm not going to do transactions with 29.07. If the transaction is for any reason delayed I could lose her. Better to be safe and to terminate the transaction in advance until the information appears that there were no problems with completing transactions there.

[s8ndo]

Desktop Electrum wallet ok?

[IamAltcoinfan]

No don't keep in exchanges if you really want then convert into alt coins in exchange otherwise move into wallet where your holding private key of your wallet like Electrum , Blockchain.info.

[Script]

You should keep your coins in your own addresses, not just in case of a split, but also as a general rule, don't use exchanges as wallets, leave coins only the required time for you to make whatever trades you need to do.

Probably nothing is going to happen on august 1st, but better safe than sorry.

[Renji Abarai]

No. If it is negligible amount or it will not bother you when you lost it, so be it in exchanges. But for big amount, its better to be in your paper wallet or offline storage. We dont know what will happen after Aug 1, its better safe than sorry.

[Caesar-Giulius]

Personally i won't keep my BTC in an exchange, i rather keep it safe in a wallet which i have full control over (where i control the secret key)

[williamuk]

Hey guys,

Hearing so many things about the August 1 fork that i really don't know if i should keep or remove my BTC from Coinbase.

What you guys think? Its safe to keep them there?

Thanks.

Any exchange but coinbase or gdax would do

[btcbringer]

exchange may not be a good choice for long term holders, we never know which will be the next btc-e, i suggest you to use cold or paper wallet

[ThePromise]

you should not keep it there bro, try to keep it at offline wallet like electrum, it would be safer if you put your bitcoin there, you have the full authority in your wallet.

[kynaz]

I think should not keep Bitcoin at coinbase because coinbase is not responsible for the splitting going on, my advice should be to have your Bitcoin in Blockchain as it supports the splitting if it happens

[LouVandetta]

Move all of your bitcoins to cold storage or any destop wallet.
That you have full control over the private key.

Desktop Electrum wallet ok?

That also good.
Remember to save/keep the seeds, private key and all in safe place.
Write it down on paper then hide it under your bed.

[Gornidah]

Thanks guys, I'm going to move it ASAP!