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Author Topic: Is Coinbase a safe wallet ?  (Read 10089 times)
Aleeyou (OP)
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November 17, 2017, 05:35:18 PM
 #1

I hear news everyday that people are getting hacked their coinbase account and loss coins. Is it true? Is it safe to keep coins in Coinbase?
iHaveDreams
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November 17, 2017, 05:40:47 PM
 #2

I hear news everyday that people are getting hacked their coinbase account and loss coins. Is it true? Is it safe to keep coins in Coinbase?
Im are the user of coinbase since years ago, and everything going as well 'til now. If guess those who have been hacked then lost of money in own wallet. Should be blame own-self. That is are own fault. I guess the email has hacked or data has tracked by someone. where coinbase are one have a sercury  F2a  were confirming login with email code. Coinbase is safe and trusted bud.
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November 17, 2017, 05:45:44 PM
 #3

Yes it is a safe wallet...I am using it from the beginning... & everything is fine...I think it is the most secure wallet I ever seen...But different people prefer different wallet..I use it because it is safe,easy with less transaction fees
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November 17, 2017, 05:47:51 PM
 #4

it is only exchange site not wallet and it is safe if hacked it is from  users
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November 17, 2017, 05:48:09 PM
 #5

Coinbase is a reputable exchange but keeping your BTC in exchanges carry certain risks. You never know when will the exchanges close down, when will your account be hacked and etc. It is more safe to keep your BTC in a wallet you call it your, which you control the private key.

Paper wallet or hardware wallet are the two safe wallet you may want to consider.
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November 17, 2017, 05:48:52 PM
 #6

Of course coinbase is a safe wallet.People who got hacked their coinbase account is totally the result lf their mistake.Maybe they give their email password to someone or they used same password in many websites.Just to remember that coinbase wallet is the most secure wallet

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November 17, 2017, 05:50:12 PM
 #7

I can't say.. Buh Block chain is what I recommend
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November 17, 2017, 05:50:33 PM
 #8

I hear news everyday that people are getting hacked their coinbase account and loss coins. Is it true? Is it safe to keep coins in Coinbase?

I guess its safe if you are just going to put money in there for your trading purposes only. But if you are going to store huge amount, then its not safe. Because in a likely hack, you will lose everything. Might as well used wallet like Electrum or Bitcoin Core to hold your bitcoin because you can have control of your private keys and seeds.

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leex1528
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November 17, 2017, 05:50:38 PM
 #9

Yes, Coinbase is backed and verified.  We know where they live and where their headquarters is.  People getting hacked are more than likely using easy to guess passwords/usernames.  Or even worse they are on a public computer and saving their credentials or something like that.
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November 17, 2017, 05:50:42 PM
 #10

I hear news everyday that people are getting hacked their coinbase account and loss coins. Is it true? Is it safe to keep coins in Coinbase?

We can't pinpoint Coinbase directly about hacked and loss coins because at most of the cases, it was user's fault that why others experienced that losses. Some became victim of phishing, poor security, reckless activity at any personal accounts etc. But there are cases that Coinbase freeze some of user's account due to different reasons. I don't experience this that's why I can say that it's not wrong to used Coinbase services sometimes.

Just used Coinbase service but never treat it as a long term wallet for your precious coins.

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November 17, 2017, 05:54:18 PM
 #11

I hear news everyday that people are getting hacked their coinbase account and loss coins. Is it true? Is it safe to keep coins in Coinbase?
I am sure that it is just plain human error. We always tend to blame something out of something that have occurred and are connect to a some sort of device or technology, but in truth it is all just the person's fault.

A coinbase wallet is not that too reckless, it has all the security you needed. Whenever you logged in it will require you to input your email, password and the confirmation code. So obviously it is just a human error, not the wallet itself.

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November 17, 2017, 05:56:19 PM
 #12

I hear news everyday that people are getting hacked their coinbase account and loss coins. Is it true? Is it safe to keep coins in Coinbase?

U should always use a wallet where u have your own private key. Do u get a private key at Coinbase? No. So, don't place your coins there. Use a wallet like eg Electrum where u can export your private key and put it at a secure location. Also keep in mind, that exchanges can get closed at any time! If so, u will use all your coins.
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November 17, 2017, 05:57:59 PM
 #13

Its OK as far as online wallets I guess and I use them a lot with GDAX to buy coins
BUT REMEMBER
If you don't have the keys, you don't own the coins.  Always remember that.
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November 17, 2017, 06:07:36 PM
 #14

No you dont own the private keys the exchange could close down tomorrow or be hacked and you would lose all your coins. Better to use a wallett were you control the private keys like electrum or a hardware wallett like trezor. 
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November 17, 2017, 06:09:03 PM
 #15

I hear news everyday that people are getting hacked their coinbase account and loss coins. Is it true? Is it safe to keep coins in Coinbase?

I have not heard such a thing, but I do not use Coinbase. There are other options. There is a customer service that is not interested in customer Smiley

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November 17, 2017, 06:10:09 PM
 #16

You will be safer using paper wallet, generated offline from a linux live.
With paper wallet, you have the public key and private key. If you want to see your balance you can do it with public key.
If you want to spend your funds, you can import private key to some wallet like electrum in your smartphone.
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November 17, 2017, 06:11:40 PM
 #17

 I wouldn't use exchanges as wallets. I try not to leave any coins in my exchange accounts. I don't know if I'm paranoid but it never hurts to be prepared. Better safe than sorry.

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November 17, 2017, 06:13:52 PM
 #18

Yes coinbase is a safe and secure bitcoin wallet, Currently I’ve over $600 worth of BTC in my wallet without any security issue. I’ve using just password protection for my wallet.

If you need more security then you can enable google Authenticator for your coinbase wallet.

You will also get $10 worth of free BTC when you sign up. Click the link below to signup now.
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November 18, 2017, 03:17:22 AM
 #19

Its OK as far as online wallets I guess and I use them a lot with GDAX to buy coins
BUT REMEMBER
If you don't have the keys, you don't own the coins.  Always remember that.
No I wouldn't say its ab OK wallet, an OK online wallet would be maybe blockchain.info which atleast gives access to your private keys. Coinbase should not be used as an wallet at all IMO, just used as an typical exchange, buy/sell bitcoin and transfer them asap to your 'wallet'. I would say any online wallet can't be considered safe, best using an offline desktop wallet.
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November 18, 2017, 03:20:55 AM
 #20

Yes till now things are going fine. They are not scamming yet even there are already some scandals about them. Like not supporting Bitcoin cash and nearly close in the last year.
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