StealthPayPal
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I hear news everyday that people are getting hacked their coinbase account and loss coins. Is it true? Is it safe to keep coins in Coinbase?
Is Coinbase a safe wallet
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LiquidLeads
Supreme Member
- Aug 3, 2016
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No reason to be hacked when you enable two step verification, But, Coinbase fees is lost coins even without being hacked....so its kinda the same 
StealthPayPal
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Whats is vaults bro? is it different from their normal account?
serialent
Junior Member
- Aug 2, 2016
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In the wallets/accounts section and the bottom there are vaults for all three cryptos, use those along with 2FA and a long random password and you should be fine
StealthPayPal
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ok Thanks
Coinbase is probably the safest exchange in the world. Just be sure and enable two-factor authentication — and use their "vault" as was suggested before. With all of that said, though, it's always possible that even a reputable exchange could be hacked or fall victim to financial failure/corruption/etc. (Remember that even big banks in the real world have failed.) For that reason, I use an offline "cold storage" wallet — the one I use is the "Trezor" (available on Amazon and elsewhere).
Shaunm
Elite Member
- Mar 27, 2014
- 3,435
- 2,998
No reason to be hacked when you enable two step verification, But, Coinbase fees is lost coins even without being hacked....so its kinda the same
You can send your money to coinbase and then transfer it to GDAX for free to do your transactions and only pay 0.25 in fees rather than the 1.49% you would if you did it on coinbase. As soon as you have completed your transactions you can instantly send your coins back to coinbase for free and put them in their values or send them off to a hardware wallet.
Safest wallet is offline wallet
Only been interested in Crypto for a week or so but I love my Trezor. It works with Wordpress too so you can use your Trezor to login rather than type your username and password in. Although it may not be that useful to many people if you have a high earning money site and want to take extra steps to avoid keyloggers or something it can be handy.
Abudence
Regular Member
- Jul 7, 2014
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I've been getting bans on my coinbase accounts. They send you an email about how the cyber fraud police need to keep track and Coinbase can't keep track for them so they ban your account
But coinbase allows you to transfer your funds out of their marketplace before they terminate your account
uncutu
Elite Member
- Aug 6, 2010
- 3,506
- 3,376
People have been saying don't keep your coins in exchanges or anything except your own wallet for years now.
Site's get hacked and go down all the time.....Btc-e is latest example. If you want a laugh, look at their subreddit. Dudes kept $100,000+ in coins on their wallet there just to lose it all. Same story with mtgox few years ago.
Chance of coinbase going down? Low, but it's up to you to analyze the risk.
Site's get hacked and go down all the time.....Btc-e is latest example. If you want a laugh, look at their subreddit. Dudes kept $100,000+ in coins on their wallet there just to lose it all. Same story with mtgox few years ago.
Chance of coinbase going down? Low, but it's up to you to analyze the risk.
Smithy Richard
Supreme Member
- May 29, 2015
- 1,395
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Sounds very Orwellian
I have a coinbase wallet. I set it up when I first started with crypto but quickly learned how much the rape you on fees. Now i just buy from exchange at minimal fee and use cold storage. Thats your money you are just forking over to them to use their app and exchange.
If you like coinbase exchange GDax is owned by coinbasr. You can just log in using your coinbase account and buy /sell on Gdax at minimal fee (or for zero fee even)
If you like coinbase exchange GDax is owned by coinbasr. You can just log in using your coinbase account and buy /sell on Gdax at minimal fee (or for zero fee even)
