Hi wanted to know with BIP 148 about to be activated on 1st August is it safe to keep money in coinbase.com as it is or shift it to some other wallet, is coinbase.com equipped to deal with this? It's a big exchange and I am sure it will be, but reading a lot on the net it is not ready kindly advise. I am sure many coinbase.com users would have same query.
In general: it is always safer to have the bitcoin in you own wallet. A wallet which has a private key noone knows, except you.
In case of a hardfork this is even more important: when you have your own wallet, you have coins in both chains. If it's on an exchange (Coinbase is an exchange) this is completely uncertain what they will do.
https://www.google.nl/search?q=what+to+do+when+hardfork
Edit:
Quote
The bitcoin exchange Coinbase explains the company’s current contingency plan to its customers concerning a hard fork and possible blockchain split which includes pausing deposits and withdrawals;
“Ensuring the safety of customer funds is our top priority,” explains the San Francisco-based exchange. “In the event of a hard fork of the Bitcoin protocol, it is likely that Coinbase will temporarily suspend the deposit and withdrawal of bitcoin from the platform pending our assessment of the technical risks posed by any fork, such as the possibility of replay attacks, network instability, or other factors. Customers should take note that they will not be able to withdraw bitcoin from or deposit bitcoin to Coinbase for a period of up to 24 hours or more following the fork. In the event of a hard fork of the Bitcoin protocol, Coinbase may suspend the ability to buy or sell on our platform during this time.”
From: https://news.bitcoin.com/this-happens-to-your-coins-during-a-bitcoin-hard-fork-and-possible-blockchain-split/“Ensuring the safety of customer funds is our top priority,” explains the San Francisco-based exchange. “In the event of a hard fork of the Bitcoin protocol, it is likely that Coinbase will temporarily suspend the deposit and withdrawal of bitcoin from the platform pending our assessment of the technical risks posed by any fork, such as the possibility of replay attacks, network instability, or other factors. Customers should take note that they will not be able to withdraw bitcoin from or deposit bitcoin to Coinbase for a period of up to 24 hours or more following the fork. In the event of a hard fork of the Bitcoin protocol, Coinbase may suspend the ability to buy or sell on our platform during this time.”
