Coinbase is a great company, unfortunately The US is very corrupt and coinbase will roll over to their demands at a whim.
By storing your Bitcoins at coinbase the best outcome you can hope for is the government stealing 15% of them.
Do not store your Bitcoins in coinbase, but in a paperwalet or hardware wallet-
Read this -
https://bitcointalk.org/index.php?topic=858604.0
and this
https://bitcointalk.org/index.php?topic=899253.0
For more information.
This is not secure because all the IRS or an ex-wife has to have knowledge of is mere suspicion which can and will happen
with normal reporting or an audit. Remove your bitcoin and transfer them a few times to other new addresses before
securing them with one of the options above.
Personally, I am very sloppy with my bitcoin and keep losing it, forgetting my passwords, and giving it away.
By storing your Bitcoins at coinbase the best outcome you can hope for is the government stealing 15% of them.
Do not store your Bitcoins in coinbase, but in a paperwalet or hardware wallet-
Read this -
https://bitcointalk.org/index.php?topic=858604.0
and this
https://bitcointalk.org/index.php?topic=899253.0
For more information.
I feel much more educated on this subject now thanks to y'all's replies and to coinbase support
https://community.coinbase.com/t/saving-all-bitcoins-on-usb-stick-so-they-are-safe-from-usg-confiscation/233
https://community.coinbase.com/t/saving-all-bitcoins-on-usb-stick-so-they-are-safe-from-usg-confiscation/233
This is not secure because all the IRS or an ex-wife has to have knowledge of is mere suspicion which can and will happen
with normal reporting or an audit. Remove your bitcoin and transfer them a few times to other new addresses before
securing them with one of the options above.
Personally, I am very sloppy with my bitcoin and keep losing it, forgetting my passwords, and giving it away.