Quote from: BitcoinNewbie15 on June 07, 2018, 06:08:59 PM

Quote from: bocyaj on June 07, 2018, 05:58:49 PM

Coin base is the best wallet to hold your bitcoin for longer period. I don't face any such hacking in coinbase.Some people are raising their bitcoin in coin base wallet was stolen.I don't means,their words are false.The true is ,I don't face anything yet.So Coinbase is best wallet for long term holders.

Not really, Coinbase is one of the worst places to store your Bitcoin, especially long term. Coinbase controls your Bitcoin, not you. If they get hacked, and their wallets are completely emptied, you would be out of luck. They could freeze your coinbase account anytime they like, and you would be out of luck. Whoever holds the private key of the wallet, are the ones that control the coins. Otherwise, the BTC in your coinbase account is an IOU. You should control your own private keys through your own cold storage wallet. Trezor or ledger nano S is a good way to go.

Yes I agree with you, It is better to store your funds in your own wallet for safety purposes not on other exchanges, in exchanges your account will possibly hacked the moment that the site is compromised so better be secure that out of luck.