magneto
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September 11, 2017, 10:12:53 AM |
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By no means is coinbase a secure wallet.
They may be aconvenient wallet to use but then if they get hacked or whatever, then you and your funds are completely screwed. Since you have no control over your own private keys whatsoever, it is extremely easy for them to deny or suspend access to your account/funds.
There is no perfect wallet per se, i think that you need a mix of convenience and security. I would go with either blockchain.info if you prefer a web based wallet or electrum for desktop wallet.
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Barcode_
Staff
Hero Member
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Activity: 3178
Merit: 575
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September 15, 2017, 10:01:55 AM |
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I am not sure why are you planning to use coinbase to store your bitcoins, you could take a look on their reddit forum, there are a lot of their customers complaining about issues on their account in coinbase, and it seems that the support in coinbase are non-existence, maybe it is time for you to search for another alternative bitcoin wallet.
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Skarner21
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September 15, 2017, 08:16:49 PM |
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I am not sure why are you planning to use coinbase to store your bitcoins, you could take a look on their reddit forum, there are a lot of their customers complaining about issues on their account in coinbase, and it seems that the support in coinbase are non-existence, maybe it is time for you to search for another alternative bitcoin wallet.
Im also the one who experience of lots of issue in their wallet.. And i think until now the sign message still not working and i think it will never work anymore.. i am always experience of pending receiving bitcoin in coinbase from the past few years and months and stop using it much better to use for now is electrum since i can control the transaction fee i can pay for less fee.. when sending bitcoin to other people ..
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Make crypto as your bank.
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onecall123
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September 24, 2017, 07:33:55 AM |
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Personally, I don't like Coinbase as a wallet. It's ok if you have been buying small amounts of BTC on coinbase, but it's didn't recommend keeping your btc in coinbase, in the cases your wallet could be harmed in the future, use Electrum instead.
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Senja Kemuning
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September 26, 2017, 10:15:52 AM |
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Coinbase is a nice wallet because it has 2FA and vault features, I coinbase user over a year and all accounts are safe without ever diminishing, besides I use Coinbase to save Ethereum.
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madwica
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October 04, 2017, 02:27:46 AM |
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Would you think that coinbase wallet is more secure for stock for bitcoin?
And is there any possibility to lost my btc from coinbase wallet?
Using online wallet has a big possibility to lost our fund, we do not hold their system they can easily shutdown their data base and we do not access our account anymore, but if there is local bitcoin wallet in your country and you are holding your private key i think that is much better to used to hold your bitcoin. Also blockchain is one of the best wallet for me i do not experience any trouble using their services but i think also coinbase is one of trusted bitcoin wallet even i do not using it but the feedback by other users was a proof that this wallet is very legit.
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dmamigo
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October 04, 2017, 06:02:03 PM |
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Would you think that coinbase wallet is more secure for stock for bitcoin?
And is there any possibility to lost my btc from coinbase wallet?
Using online wallet has a big possibility to lost our fund, we do not hold their system they can easily shutdown their data base and we do not access our account anymore, but if there is local bitcoin wallet in your country and you are holding your private key i think that is much better to used to hold your bitcoin. Also blockchain is one of the best wallet for me i do not experience any trouble using their services but i think also coinbase is one of trusted bitcoin wallet even i do not using it but the feedback by other users was a proof that this wallet is very legit. Anything where you don't hold your private keys is unsafe for long time holding. Considering it an investment, simply go for paper wallet or wallets with only you having the keys. Though you don't have the private keys in Coinbase, I don't think it will simply shut down and scam people. Its a very legit company, unless they get hacked, and I hope they won't be.
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crairezx20
Legendary
Offline
Activity: 1638
Merit: 1046
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October 04, 2017, 07:03:24 PM |
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Would you think that coinbase wallet is more secure for stock for bitcoin?
And is there any possibility to lost my btc from coinbase wallet?
Using online wallet has a big possibility to lost our fund, we do not hold their system they can easily shutdown their data base and we do not access our account anymore, but if there is local bitcoin wallet in your country and you are holding your private key i think that is much better to used to hold your bitcoin. Also blockchain is one of the best wallet for me i do not experience any trouble using their services but i think also coinbase is one of trusted bitcoin wallet even i do not using it but the feedback by other users was a proof that this wallet is very legit. Anything where you don't hold your private keys is unsafe for long time holding. Considering it an investment, simply go for paper wallet or wallets with only you having the keys. Though you don't have the private keys in Coinbase, I don't think it will simply shut down and scam people. Its a very legit company, unless they get hacked, and I hope they won't be. And i heard coinbase right now is legal business on US base in what i heard to other people living in US.. So for me i think they are also safe to use to leave and hold our bitcoin for a long time the only problem there is there terms. You should know the terms first of using their service before you transact your bitcoin to other because they are tracking your transaction if where you use their bitcoin you bought from them.. Well if you can't trust coinbase electrum is a good option that i always keep my other bitcoin for holding it for a long time.
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BTCdoaA
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October 04, 2017, 07:05:53 PM |
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coinbase is very good wallet to use for online payment always remember not store all assets in one place .
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Bitcotalk
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October 11, 2017, 11:48:22 AM |
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Would you think that coinbase wallet is more secure for stock for bitcoin?
And is there any possibility to lost my btc from coinbase wallet?
Coinbase has been around for a longer periods and they have ways you can make your account secured. However, if you want to keep your coins safe, do not ever leave your assets either in an online wallet or exchange since you have no control over them as you do not have your private key to the wallet. There are so many desktop or mobile wallet you can try such as electrum or exodus for desktop and mycelium for mobile which can give you full access to your account. Before you go ahead with the private key thingy though, it is best you read more about it on this thread or even on google so you can know what you are going to be holding. If you are storing for long though, it is best you consider a paper wallet (you don't have to buy) or just consider a hardware wallet (you have to pay some amount).
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BitcoinExpart
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October 16, 2017, 09:27:08 PM |
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Coinbase is technically a wallet and probably the safest exchange to keep them. I personally use coinbase. Actually, It depends, if you just plan to hold and not trade then I'd definitely move it into a safer wallet than Coinbase. Here, paper wallet will be the best.
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bubblebit
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October 17, 2017, 02:19:28 AM |
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I’m more of a convenient looking kind of guy, Coinbase works fine for me now but before as the transaction fees as high I would not even recommend it. After the bitcoin cash fork a correction might happen for why the fees is now much lesser.
I will rate Coinbase from 1 to 10 (10 as the highest), I will give it to 6 for now that is above normal to security and practicality. It must be more of I tried most of the wallet out there and I know hardware still on my top list.
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SuperPower
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October 18, 2017, 03:44:48 PM |
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Would you think that coinbase wallet is more secure for stock for bitcoin?
And is there any possibility to lost my btc from coinbase wallet?
nope.its not so secure for holding bitcoin. coinbase did not provide any private key for your bitcoin.so don't store bitcoin in coin-base wallet.
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nydiacaskey01
Legendary
Offline
Activity: 1834
Merit: 1036
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October 18, 2017, 03:50:13 PM |
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If you have no choice but Coinbase then you can use Coinbase to store your Bitcoins and Ethereum but make sure that you also activate 2FA as an added protection against hackers. Nothing is safe nowadays, if one is determined to hack their way into your wallet regardless if you have 2FA they can hack their way in and steal your Bitcoins. So better do all the necessary precaution to keep your wallet safe.
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blockman
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October 18, 2017, 05:13:28 PM |
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If you have no choice but Coinbase then you can use Coinbase to store your Bitcoins and Ethereum but make sure that you also activate 2FA as an added protection against hackers. Nothing is safe nowadays, if one is determined to hack their way into your wallet regardless if you have 2FA they can hack their way in and steal your Bitcoins. So better do all the necessary precaution to keep your wallet safe.
For those people only that doesn't have choice. But for me it's only good when you will sell your bitcoin but using them as a storage of bitcoin and Ethereum it's not a good choice. There are better ways and wallets for keeping our bitcoin and coinbase is not the top choice. They are a good wallet but still they are prone to any attacks and we know that exchanges are being targeted by hackers so if you'll use them, make sure that you'll not put big amount of bitcoin there.
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Aroshnoor
Member
Offline
Activity: 462
Merit: 10
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October 20, 2017, 04:03:14 PM |
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i just use coinbase wallet for buy and sell bitcoin.never i hold btc in coinbase. but i think you can stock your btc in coinbase and safe for every user.
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caleb150
Newbie
Offline
Activity: 126
Merit: 0
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January 07, 2018, 02:28:55 PM |
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The best is offline wallet
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