Post
Topic
Board Exchanges
Re: Is the Coinbase wallet safe?
by
dkbit98
on 04/08/2022, 18:26:13 UTC
If Coinbase goes down am I out?
 I need to look into a cold wallet but for right now am I good?
If Coinbase exchange goes down it's possible that node they are using for their non-custodial coinbase wallet will also go down, so in theory you won't be able to move your coins.
However, you could just use backup seed words and import them in any other compatible wallet and send coins anywhere you want.
I would always give advantage to recommended open source wallets with reproducible codes like Electrum, or hardware wallets like Trezor, Bitbox or Passport.
Just don't keep your coins long term on any centralized exchanges.