I am new to crypto and everything I have done has been strictly through Coinbase. I don't have a key or anything like that.
Is my crypto safe?
What can I do to make it safer?
Everyone talks about keys, what exactly is a key. Where can I purchase one and how does it work.
Thanks and good luck to everyone. I am already up about 22 percent on my investment and extremely happy. I do feel that BTC will go to the moon.
First and foremost, getting into crypto is a good first step. Welcome to our world! As for Coinbase, it’s a custodial wallet where you don’t have the control of your funds like bank accounts and traditional payment processors. Plus, it’s vulnerable to hacking like the recent one (if you can check the latest news via Google or social media).
To ensure that your cryptos are safe, transfer them to a non-custodial wallet. If you have some budget, better invest in a hardware wallet like the Ledger Nano S and Trezor. Depend on what crypto you own, there are numerous wallets that you can consider such as Trust Wallet, Tronlink Pro, Exodus, Solareum, etc.