Post
Topic
Board Bitcoin Technical Support
Re: My questions regarding wallet
by
o_e_l_e_o
on 14/07/2022, 08:41:50 UTC
Although there are still several wallet good enough for storage of coins like the underrate coinbase.
Coinbase wallet isn't a good choice either. It is closed source, meaning you have absolutely no idea what it is doing in the background or how good or otherwise its security is. It connects via Coinbase's servers, so you have absolutely zero privacy and Coinbase are well known for harvesting every shred of data they can about you and selling that to third parties, so if you use Coinbase wallet then your addresses and transactions are almost certainly being fed to blockchain analysis companies, government agencies, and anyone else who is interested. It lacks many features such as coin control.
If you are not going to use a hardware wallet, then you should at least use a reputable and open source software wallet such as Electrum.