Coinbase

[estanislao1994]

It is not required to purchase a whole amount of bitcoin. You can opt to purchase a hundredth of a bitcoin or even less. With regards to keeping your bitcoin in coinbase, i have a few buddies of mine that is keeping around 3-4 bitcoins in Coinbase, so I would say that there is no problem with their security since my friends were able to withdraw his funds anytime they want. Nevertheless, keep your funds scattered, don't put them all in one place would be the best option.

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[1DryVallley]

There are 2 items that come to mind with Coinbase. (I do have an account there)

     1. They lost the tax case in the USA, and will be supplying information about customer that have over $20,000.00 USA.

     2. Besides having a wallet they also have a "Vault" where you can put all or part of your wallet. I did that, as I fall under #1 above.
         Near the holidays when things started to get crazy in the crypto markets, I wanted to take my profits and store them in my $$ wallet.
         I was more than a little frustrated that it takes 48 banking hours just o move your money from "your" Vault to "your" wallet. you can cancel the transfer anytime during the 48 banking hours. Because of this I lost the opportunity bail out at 17K-18K/BTC and back in at 12K-13K/BTC. Lesson learned reality I did not loose anything but an opportunity.

        Also there is a pretty low $$ limit per month to remove from the hands of Coinbase or GCAX.

        For BTC and ETH I found Gemini a bit more flexible, but they also report to the IRS> (Of course if you are not a citizen of the USA this is of little interest to you)

        I now have a miner running in my garage, controlled by a computer in my office. If I have to do taxes on this stuff, then let me get some reduction by charging for my mining business.  

[Roberttran]

coinbase is very safe. You can buy as many as you want. Not necessarily 1 or 2 btc

[shazee]

You don't have to buy a full bitcoin, bitcoin is broken down into one hundred million pieces so you can buy as little and as much as you choose. I would not keep any funds on Coinbase infact I would advocate not even using Coinbase. They are the most well known but also have the most problems out of any exchanges not to mention charge the highest for fees. Don't know the last bit as never used Coinbase myself.

its better buy wallet hardware if u have good amount why u take risk

[sann111]

Will the company take the gurantee to protect people for putting money in their wallet?

[oppasong]

I think Coinbase is one of those online wallets that's useless for storing BTCs we get.

[glaciercapital]

I think Coinbase is one of those online wallets that's useless for storing BTCs we get.

I think the funds are most likely safe there, it just may be very difficult to access them during times of volatility

[Bdstar]

Hey guys,

Do you guys buy entire 1 bitcoin on coinbase? Is it safe to keep the entire amount there?
Has anyone had difficulties withdrawing money or faced any fraud or did your money disappear on coinbase
out of nowhere?

Coinbase is a nice platform for saving and receiving your Bitcoin and other cryptocurrencies, day by day website is getting accepted and popular among the Bitcoin users, not only that but also Ethereum and other rising altcoin users also have chosen Coinbase.
the developer team is very careful about its security options so that there is no chance to hack your stock form this platform. That's why I can suggest you using Coinbase website for the transaction of your cryptocurrencies.

[redsuncrypto]

Hey guys,

Do you guys buy entire 1 bitcoin on coinbase? Is it safe to keep the entire amount there?
Has anyone had difficulties withdrawing money or faced any fraud or did your money disappear on coinbase
out of nowhere?

yes, I used to buy more 3 btc on coinbase but I don't think it is safe for me storing on it. So, I buy Ledger S cold wallet and store all my btc data for long term. But if you buy btc and trading everyday for profit, you have to believe exchange, store your btc data on exchange for immediately transaction

[A.Delaney]

I upload to Coinbase and transfer to Gdax to buy and sell. I do not store on either exchange.

[Maveth13]

No, you don't need to buy a whole bitcoin, you can buy just fractional parts of it.
1 bitcoin already equates to a big amount of money, it is never recommended to store this amount or more to a web/app wallet/exchange. A hardware wallet would save you here.
Though Coinbase has been operating for 6 years and one of the most famous and trusted companies, they still have a lot of issues, more unresolved than resolved, and they do have very poor customer support.

[sann111]

But what about coinbase vault? Isnt that safe just like wallet?

[Shrinath]

Coinbase has been my first wallet account in the world of crypto currency, amongst the multitude of digital currency exchange sites, The reason being the fact that they are a legal entity, time tested and an old company and has been proving its performance to multiple investors and crypto users all over the world from the moment it was originated. The benefits of having it includes the ability to buy or sell bitcoins quickly. A few others would be easy transfer of mainstream currency, buy or sell over different coinbase's exchange trading platform, like GDAX, the need to identify the account holder which is mandatory, easy and simple to use, automatic fee calculator, inbuilt graphs making it simple. Amongst the risks would be need of provide your ID that might create the risk of getting your account frozen for some time, a rare possibility of going bankrupt and close down and disappear which will not happen soon, limited control over your private keys etc.

[atliens99]

Hopefully more alternatives will open up instead of coinbase.  There are not many options for buying crypto at this moment so we are in dire of need of more mainstream exchanges.

[sucix]

Hey guys,

Do you guys buy entire 1 bitcoin on coinbase? Is it safe to keep the entire amount there?
Has anyone had difficulties withdrawing money or faced any fraud or did your money disappear on coinbase
out of nowhere?

As i know coinbase is popular and reputable exchanger to place bitcoin.
But its depending on your strategy. Dont store in any exchanger if you are long term player. Only store it there if you are short term. So you can sell soon you want.

[signalbitbot]

There will be no problems, keep it.
But if you need a very reliable place - store it on your computer.

[amzadabir]

A growing number of Coinbase customers complain that the Cryptoconarance Exchange withdrew unauthorized money from their accounts. In some cases, this puts their combined bank accounts at the bottom of zero, resulting in overdraft charges.

[pooya87]

But what about coinbase vault? Isnt that safe just like wallet?

when we are talking about bitcoin then any method of storing it which involved a third party specially when you are not the only person controlling the private keys, is a terrible choice.
you should never trust any third party with your bitcoins. bitcoin is designed in a way that you do not need them. you can store your keys on your own in a very secure manner. and there are lots of options, from very cheap like a paper wallet to a more expensive option such as buying hardware wallets. and if you are holding a considerable amount of bitcoin (anything more than $1000 worth of it really) then you have to take storage seriously.

[kumar jabodah]

I made a wallet on Coinbase in 2016 and until now I have never experienced fraud and lost money on the wallet. So do not be afraid because the coinbase is safe and definitely secure your bitcoins in coinbase. I try it so I'm confident

[edwardnortonn]

On buying a whole bitcoin entirely depends on your financial position, if you can afford it then why not, otherwise there are smaller bits that can be bought at a lower price. so far coin base has been user friendly, no hacks no fraud, unless otherwise.