I have a small amount of
BTC and LTC in Coinbase vault, since it is insured I am thinking that this is a moderately safe way to store for long term.
Of course it is best to own your private keys and store offline. But this is like one of those, don't keep all your eggs in one basket ideas.
If I had a million dollars in Crypto would I feel safe with them in the Vault? I am thinking so. I have heard a bunch of negative sentiment towards Coinbase, but I have only had positive experiences. I do believe that they charge to high of fees.
I am continually dollar cost averaging into BTC/LTC and feel safe enough with some of those funds in the Vault.
What are your experiences?
https://www.coinbase.com/vault?locale=en-US#featureshttps://support.coinbase.com/customer/en/portal/articles/1662379-how-is-coinbase-insuredThere has been a lot of debate on their level of insurance on crypto. It seems they are in fact insured up to the standard $250k that other FDIC insured institutions are for their USD -
as well as crypto positions you hold. That being said, I would say it is highly safe up to that amount, but once you get above that dollar amount, please consider diversifying your accounts.