Re: Is keeping your money on Coinbase really that bad?

Quote from: Ronaldo Vu on April 26, 2018, 11:52:02 AM

TDIL Coinbase insures money lost from physical security, cyber attacks, and employee theft. they keep 98% of their funds offline. So back to my original point, is it really that important to keep your money off exchanges if they offer insurance and you personally make sure that your account isnt vulnerable to phone attacks? https://support.coinbase.com/customer/portal/articles/1662379-how-is-coinbase-insured-

I am not saying that coinbase is bad, but of course it can still be targeted by hackers and you could also lost your bitcoin in there. But it is not only coinbase but all exchanges out there are prone to hacking if they are not careful. I remember bitfinex the largest bitcoin trading site with the highest volume of bitcoin was hacked and it took them a long time to refund the losses. Many conspiracy arose and they said that everything was an inside job but it was not proven. So my point is that do not keep your bitcoin in one exchange.