how add security to our bitcoin ?

[pas30]

Hello,

i don't know bitcoin very well but i have money in btc on coinbase. I am not sure have money on coinbase is very secure. What do you think about it ? Is there a way for have bitcoin with security because i scared coinbase block my account or give information on how much money i have on it, i think it is not very anonymous

[ranochigo]

Take your Bitcoins out of Coinbase. Coinbase has been consistently unreliable in terms of their uptime and I'm not sure if you'd want to keep the coins in an unreliable service. Try exploring desktop wallets (Electrum, Bitcoin Core) and hardware wallets if you've large sums of Bitcoin. I know many would argue about 2FA on Coinbase but I don't think 2FA actually adds that much security when you're talking about malware attacks.

[Darker45]

Take this as another vote for you pulling out your funds from Coinbase. I assume that you are not a trader since you are frankly admitting that you don't know Bitcoin very well yet. There is, therefore, no reason for your Bitcoin to stay at an exchange wallet. You are not controlling that wallet mind you. And your fear has sufficient basis.

The old adage in crypto always applies, not your keys not your coins. So you take that fund out and move it where you own your private keys. If possible, spend as little amount as $60 for a hardware wallet. That will keep your Bitcoin safe.

[FinneysTrueVision]

You would be better off holding your own bitcoin rather than trusting a company like Coinbase. A hardware wallet like Trezor is not very expensive and will keep your coins safe. There are other measures like using Tor and encrypting your wallet that can also add extra layers of security. You can decide what method of securing your funds is best for your situation but I would advise withdrawing from Coinbase if you own a non-trivial amount of BTC.

[mk4]

Coinbase seems to be one of the "better" types of exchanges as they haven't really been hacked as far as I know. ...yet

If you're smart enough to use a computer, you're probably smart enough to learn how to have self custody over your funds and properly secure them: https://NotYourKeys.org

[YOSHIE]

I think 80% of the members on this forum have already answered about the security against Coinbase.

So, it seems I don't need to answer any more questions about the OP, you can see below.

Topic: Is coinbase safe? and this app this app claim free bitcoin?

Topic: Coinbase is scammers..

Topic: Is Coinbase safe to store currency?

I hope what is conveyed by the community here can make you think carefully.

[Warkop]

In my opinion, make withdrawals as quickly as possible with the Bitcoin you have there, because if you store Bitcoin for a very long time in your coinbase wallet, I'm afraid the account you have there will be closed and cannot be opened again. if you are looking for a place to store Bitcoin and you want to store the Bitcoin that you have, I advise you to use Blockchain or Exodus because both wallets are very safe to use to store the Bitcoin you have there.

[carlisle1]

Hello,

i don't know bitcoin very well but i have money in btc on coinbase. I am not sure have money on coinbase is very secure. What do you think about it ? Is there a way for have bitcoin with security because i scared coinbase block my account or give information on how much money i have on it, i think it is not very anonymous

You are not safe with that exchange because there are so many claims of having issue to that Coinbase site.

Try to have your own Ledger nano to keep safe your bitcoin and be secured holding that coins of yours.

And please prevent your self from leaving your crypto assets in any exchange because that is not reliable way of investing.

[xSkylarx]

If by security you mean multiple layers of authentication to access your wallet then there are many options depending on what you are using. You can activate it's 2fa and install a 3rd party app (Google Authenticator), enable the email approval for every transaction you made, and you can also put password, pin, or even your fingerprint to access and approve transaction on that wallet.

All in all just don't share with anyone the private details used to access your bitcoin wallet and you should be safe.

[webtricks]

If by security you mean multiple layers of authentication to access your wallet then there are many options depending on what you are using. You can activate it's 2fa and install a 3rd party app (Google Authenticator), enable the email approval for every transaction you made, and you can also put password, pin, or even your fingerprint to access and approve transaction on that wallet.

All in all just don't share with anyone the private details used to access your bitcoin wallet and you should be safe.

Even with all these precautions, it is still a bad idea to use Coinbase. After all, you are using a centralized service and your account is nothing but a record in a database kept at a centralized location. Any malfunction in the database (and backups) and all users lose their money. Moreover, the moment user checks that 'Terms & Conditions' checkbox, he becomes liable to the tyranny of the website. Make a small stupid mistake and your account will get banned and you will lose your money.

Using a non-custodial wallet is far better than using Coinbase with maximum security.

[Lorence.xD]

Take this as another vote for you pulling out your funds from Coinbase. I assume that you are not a trader since you are frankly admitting that you don't know Bitcoin very well yet. There is, therefore, no reason for your Bitcoin to stay at an exchange wallet. You are not controlling that wallet mind you. And your fear has sufficient basis.

The old adage in crypto always applies, not your keys not your coins. So you take that fund out and move it where you own your private keys. If possible, spend as little amount as $60 for a hardware wallet. That will keep your Bitcoin safe.

This is the most basic but reliable advice because on a grand scale, bitcoin is secure but the individual is a debatable one because each one is unique on how they handle bitcoin or their finances in general. I had the same advice from my friends and I think that it really helps to know that your coins are secure when it comes to storage.

[bhadz]

Regardless of the money, if you have intentions of keeping it for a long time then Coinbase is not the best choice. Even if you activate 2FA, email or authenticator that doesn't make sense if a hacker gets in through their backdoor and steal their funds. Although Coinbase seems to have a strong security but for someone who's security worried and you don't own your keys there. There are free desktop wallets that you can choose which has been suggested like Electrum or Bitcoin Core.

[ChrisPop]

Simple, first you need to document yourself a bit about Bitcoin to understand the basic mechanics. Then what I recommend is to withdraw your crypto from exchanges if you don't plan on actively trading them and put them in a software "hot" wallet, or better in a cold wallet (be it a hardware or a paper wallet). In case you opt to hold your BTC on your smartphone or computer make sure you encrypt the wallet with a password and if possible with extra security measures like 2FA, whitelisted addresses and overall make sure you have a good antivirus, don't click on phishing links and don't let other people access it. I hope my advice is helpful for you!

[pooya87]

the bigger problem with centralized services such as Coinbase as wallets is when they decide to randomly shut down accounts for whatever reason they see fit. and you have already agreed to their terms and given them permission to do such a thing even if you didn't read the ToS when you signed up. your money can evaporate just like that.

[Ayiranorea]

The better choice is to store on offline wallets. Offline wallets are more secure as they aren't accessible via the internet. As these storage is done on the personal computers the private key needs to be kept secure and the exposure to the internet is completely stopped. The system needs to be kept clean, because malware attacks might affect the file. However the chance of such attacks were nil.

[ChiBitCTy]

the bigger problem with centralized services such as Coinbase as wallets is when they decide to randomly shut down accounts for whatever reason they see fit. and you have already agreed to their terms and given them permission to do such a thing even if you didn't read the ToS when you signed up. your money can evaporate just like that.

I used to call them the PayPal of crypto ( analogy doesn’t work so well anymore  ) because you’re right they will ban you for anything they see fit..their own “moral code”.

I have been banned before (bought allergy meds from a 100% legal online pharmacy) but they did let me remove my coins I had on there.  However I’ve got a buddy (a legendary/very knowledge member here) who’s coins got stolen when they locked his account. No reason for it or explanation at all.

OP- buy a Ledger or Trezor hardware wallet, but make sure to only buy directly from the companies and not eBay/Amazon etc

[Genemind]

I suggest that you take your Bitcoin off from exchange or online wallet if you are not aware of the risk of putting your funds online. Take note if you are not holding your Private key, you cannot say that your funds are safe. You can use a hardware wallet or paper wallet, just make your research about it before using it.

[Wexnident]

Well, it's anonymous as long as you don't really provide your info, you'd just be someone on the internet that owns an x amount of BTC on their exchange. Exchanges aren't the best when it comes to storing, but it's one of the easiest ones since you don't particularly have to buy/setup something. If you want a really secure way to store your coins, follow what others say about hardware wallets. They're basically the best way to store your coins since you're basically the one in control yourself, and not anyone else.

[OcTradism]

Why Coinbase?

You will have private keys (with Bitcoin Core) or mnemonic seeds (with Electrum) if you use non-custodial wallets. Be your own bank and no one will be able to freeze your wallet, don't allow you to send your bitcoin for non-sense reasons.

Bitcoin Core: https://bitcoin.org/en/bitcoin-core/
Electrum: https://electrum.org/#download

How to Safely Download and Verify Electrum [Guide]

[Ryker1]

Well, the 2FA for Coinbase can provide additional security but, -- having a hardware wallet is still the best way to secure your bitcoins because you can have your own private key besides Coinbase is only good for trading which I suppose you are not doing yet. There are lots of hardware wallets that you can use and since you mentioned that you are new in the bitcoin world I may suggest Exodus or Electrum which both are not too complicated to use but if you want to use it also for desktop ^[AFAIK] Exodus is better. Price is wise for a hardware wallet I know Ledger Nano is the cheapest not exceeding $60 for the amount but of course you may still do some research on which hardware wallet can be the best and suitable for you.
The Biggest list of a hardware wallet that made by @Ratimov ^{[ https://bitcointalk.org/index.php?topic=5282364.0 ]}, will help you.