Post
Topic
Board Speculation
Re: With the recent price jump, is now a bad time to buy?
by
rebuilder
on 11/12/2015, 08:09:12 UTC
if you decide to buy it through Coinbase, it's probably best if you transfer it right out of there and into a safe wallet. 

Can you elaborate on what you mean by "it's probably best if you transfer it right out of there and into a safe wallet"? Is Coinbase unsafe for some reason?

Don't know about Coinbase specifically, but in general leaving your money with some small company in a jurisdiction you may or may  not share is not a very safe idea. In fact, I'm pretty sure trusting third parties with their funds accounts for the majority of BTC lost by Bitcoin users.