Quote from: feeling sound on August 03, 2022, 05:13:13 PM

I've been allocating some savings to BTC. I keep seeing exchanges fall, and not your keys not your coin. I've been using the Coinbase wallet app. Is that safe?

If Coinbase goes down am I out?
I need to look into a cold wallet but for right now am I good?

If I am you, I would rather store my BTC on a open-source non-custodial wallets like Electrum until you get one of the hardware wallets (which i suggest you get as soon as possible, especially if you already have decent amount of BTC).

Quote from: sheenshane on Today at 03:27:44 PM

If you didn't have your keys while storing your crypto on that wallet which means not your coins. All centralized exchanges aren't ideally good for storing our crypto assets in a long term, all of them are prone to scams that might end up shutting down.

He is not storing his bitcoin on Coinbase, but on their wallet which is a non-custodial.