Post
Topic
Board Bitcoin Discussion
Re: Keep bitcoin in Coinbase or move to a private wallet?
by
jjdub7
on 10/02/2021, 03:02:18 UTC
I have up to 9 days to think about it, since Coinbase won't let me withdraw until the payment settles, which they said up to 9 days.

Are there any advantages to keeping bitcoin in Coinbase? Or is it more advantageous to move into a private wallet controlled only by myself (such as Samouri Wallet)?

Another concern I have is how fees would work and when is the optimal time to withdraw to a private wallet.

If you don't plan to trade on a daily/weekly basis, there are ZERO advantages to keeping any coin in Coinbase.

Exchanges are for trading. Private wallets are for storing. Otherwise, you don't own your coin.