Post
Topic
Board Exchanges
Re: Is Coinbase safe to store currency?
by
Juggy777
on 29/12/2018, 14:44:43 UTC
This might sound like a basic question but bare with me I’m a beginner. I’ve been reading about some nightmares people have had losing their money. Is Coinbase safe? And besides having a secure password and pin is there anything else I should be doing? Would appreciate the help.

Cheers

Hey I would answer yes and at the same time i would say no, it's an exchange and they often get hacked and people loose money. It doesn't matter how strong your pin is you do not have your seed or private key to move your coins, and that's something I'm personally not comfortable with. Also if coinbase decides to lock your account you loose access to your coins, I would suggest you to avoid exchanges and use a wallet which gives you your seed and private key.