Is Coinbase Safe? Concerns and Questions

[aspkin]

I agree, Coinbase is a good starting point but now I think they are too restrictive and ban happy. There are much better platforms out there.. dare I say Kraken!

Kraken has a **** platform but they work and don't ban you.

[rsot]

Originally Posted by aspkin

I agree, Coinbase is a good starting point but now I think they are too restrictive and ban happy. There are much better platforms out there.. dare I say Kraken!

Kraken has a **** platform but they work and don't ban you.

aspkin recommended kraken way back to me - I used it - takes a bit longer to verify id and be unrestricted but it does work

[H4ck]

coinbase is not safe.....they can seize your coins at any time.......

no exchange is safe.....always move your stuff to a cold wallet.......

[Canadianleaf]

I like Kraken but they are strict on withdrawals, since I registered with a Canadian address I cannot withdraw USD which is a PITA. I dont believe there is a XMR/CAD option so I have to jungle multiple crypto conversions for CAD. When I decided to liquidate holding's I may use an intermediary outside Kraken.

[azsuspense]

I only use coinbase

[newjerseymax]

Coinbase = Centralized exchange. The whole point of bitcoin is to be able to hold a value of funds in decentralized system. It defeats purpose to HODL any coin on exchange.

I can understand if you trade and want to keep small amount on Gdax,

[issachughes]

Originally Posted by MoneyTalk

Hey recently I really been getting into to crytopcurrency would you say Coinbase is a safe and good place to buy/sell and currency?

Also when I set up my shop I'm playing on accepting litecoin does anyone know a good place I can use?

Yes coin base is quite safe, they are trusted.

[Play]

Originally Posted by issachughes

Yes coin base is quite safe, they are trusted.

You just thanked this post above

coinbase is not safe.....they can seize your coins at any time.......

no exchange is safe.....always move your stuff to a cold wallet.......

So which is it?

[desikanjar]

yes coinbase it a safe place to buy and store cryptocurrency

[Jamsym]

Originally Posted by newjerseymax

Coinbase = Centralized exchange. The whole point of bitcoin is to be able to hold a value of funds in decentralized system. It defeats purpose to HODL any coin on exchange.

I can understand if you trade and want to keep small amount on Gdax,

Thisss

Frustrates me so much when people want to invest in crypto yet leave all their coins on a centralized exchange. Thus defeating the whole idea of crypto!

[rsot]

Originally Posted by Jamsym

Thisss

Frustrates me so much when people want to invest in crypto yet leave all their coins on a centralized exchange. Thus defeating the whole idea of crypto!

Crypto was never intended to be an "investment vehicle" though...

[gilmore]

Originally Posted by MoneyTalk

Hey recently I really been getting into to crytopcurrency would you say Coinbase is a safe and good place to buy/sell and currency?

Also when I set up my shop I'm playing on accepting litecoin does anyone know a good place I can use?

Quite a controversial question. I haven't used it yet, but heard different things about this company, both good and bad. But every exchange has its pros and cons, it's natural.

[@NasterXchange]

Originally Posted by desikanjar

yes coinbase it a safe place to buy and store cryptocurrency

I wouldn't really recommend to store your crypto in Coinbase or in Exchanges, except you need to trade with them daily.
User other Hot wallets like Electrum etc

[CryptoSalV2]

Coinbase is the way to go. If you are sending large funds make sure to wire them and use coinbase pro. When buying BTC/Alts limit buy them(not market) then get them to a real exchange like Binance.

[rilleymila]

Well, I know one more place which is safe for buying/selling cryptos, CEX (https://cex.io/). Although currently they don't list LTC, I've recently checked their Twitter and saw the news about supporting Litecoin in the nearest future.

[newjerseymax]

I use a old laptop that is not attached internet to store my coins. If you want something smaller, there are simple ways to use old cellphone. Just make sure you have your keys.