Exchanges lie to you!

[PrivacyG]

Truth is.  Your Wallet is less likely to be someone's target than Coinbase's Wallet is.  I wonder how their statement of being the safest place to store Cryptocurrencies is going to work in court if they ever end up being hacked too.

To create a properly stored Cryptocurrency wallet, you already have most if not all the things you need.  All you need is a little bit of research and you can do it by yourself.  Prevention is important too.  But if one does not care about properly storing their Coins, then I expect them to lose very easily even the money they store on Coinbase.  Being careless comes with its own very big consequences.

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Regards,
PrivacyG

[_BlackStar]

Truth is.  Your Wallet is less likely to be someone's target than Coinbase's Wallet is.  I wonder how their statement of being the safest place to store Cryptocurrencies is going to work in court if they ever end up being hacked too.

I guess they're also thinking about compensation in case their storage wallet gets hacked. But for whatever reason, I think it's always better to have custody of our own crypto assets instead of entrusting them to other parties including exchanges. I don't 100% believe any exchange will compensate all the loss of its customers in the event of a hack, even if it does, it will have to go through a long process.

I don't remember or may have missed it, is there any exchange other than Mt.Gox that actually compensates their customers' funds?

[Taskford]

They want people to believe that they are the safest platform to store your crypto funds so that they can get a good impression or curiosity to those people seek for good platforms to stay. They are using also there years of existence so we can say that all of that words is just for marketing antics only.

Maybe we should take those message seriously and always use the wallet where you hold your keys since this is more recommended.