Coinbase Wallets

Hi,

I keep all my crypto on Coinbase. Do you think this is safe?

I lost ALL my crypto before when cryptopia went pop?

jerra said:

Hi,

I keep all my crypto on Coinbase. Do you think this is safe?

I lost ALL my crypto before when cryptopia went pop?

Click to expand...

Hey, sorry to hear about your loss with Cryptopia—that’s tough.

Coinbase is generally safe due to its strong security measures and insurance for custodial wallets. However, like any exchange, it’s not risk-free. The saying “not your keys, not your coins” is key here.

If you want extra peace of mind, consider moving your crypto to a hardware wallet like Ledger or Trezor. It’s a safer long-term option and keeps you in full control.

Stay safe out there!

Get yourself a hardware wallet to store your crypto

If you’re holding a significant amount you should consider self custody in a cold/hardware wallet. Try looking into options like Ledger of Trezor. Theyre fairly cheap priced and solid options.

Defi is all about being your own bank, so why not fully take control of your own funds.

Only hardware wallets: Ledger, Trezor, SafePal
Since I have hardware, I am calm that I will not wake up with banned account