New BTC adapter here. I'm waiting to get verified by coinbase. I was planning on using there online wallet to store my bitcoins but with all the news last week I see some people are saying not to store your BTC online. Do you guys think it is safe? Otherwise I guess I'll download the bitcoin wallet app for android but what happens if I brake my phone are my bitcoins gone?
I'm not sure about Coinbase, but with Blockchain.info you can get your wallet back up emailed to you or just download it yourself. I'm sure you can just log in to Coinbase online as well.
The "wallet" on Coinbase and bc.i work in a completely different way.
In coinbase (or other exchanges and gambling sites), you do not have any control of the private keys of your "deposit addresses".
In bc.i, you have the sole control of the private keys. You never need to send your private key to the server.