Question about Coinbase's "Vault"

[Nolo]

I've been looking for a place to store a moderately large amount of bitcoins that is secure. 

Any opinions on this new service offered by Coinbase? 

Is there a better service for this type of thing? 

Does Coinbase insure their Vault in case of loss?

[ArbatDeli]

Why trust a 3rd party to do what you can do yourself?

[bitllionaire]

Why trust a 3rd party to do what you can do yourself?

exactly
waht would happen if coinbase shuts down?

[yakuza699]

I recommend just to download bitcoin core send all coins there encrypt that wallet with at least 15 characters long password(be sure to remember that passwod or your  coins are lost forever) copy paste wallet.dat file to a usb flash and thats it.If you spend bitcoins daily don't do that with that wallet just create a hot wallet and send 1btc(any amount is good) there.Another good way is with bitcoin core too but instead of storing your wallet.dat file you will store your private key(s) on flash usb too or just print the private key on paper, after you done delete that wallet.dat file. If you want to spend coins from that wallet just import the private keys in to the new wallet or do a raw transaction manually.