i've got a couple of advice for you.
for starters you shouldn't announce how much bitcoin you own publicly. there is some anonymity online but you are never sure. as bitcoin price keeps going up you could become a target.
also you shouldn't go "big" in bitcoin as the first thing you do specially when you still are unfamiliar with bitcoin and don't even have a wallet yet.
and you should definitely not go in an altcoin at the beginning, let alone "go big"! they are all risky and have many vulnerabilities that don't exist in bitcoin. not to mention their prices being much more volatile than bitcoin and so weak.
Topic: I went big into Bitcoin and Ethereum... - page 5. (Read 835 times)
My go to would have been Electrum if i were you because personal i find Trezor confusing at times but their open-source with their huge amounts of community and customer support is quite good.
Also, no exchange is completely secure even with 2FA. So far it's online there is always a constant attack towards. So move it fast when your Trezor arrives.
Also, no exchange is completely secure even with 2FA. So far it's online there is always a constant attack towards. So move it fast when your Trezor arrives.
In general, holding for long term in an exchange is not safe, you should put it in hard wallet.
But of course you can still hold some, just make sure you are aware of the changes so you can still get access on your account and you were able to comply all the necessary requirement. Coinbased is centralized, they are regulated by law, so KYC is must and probably other information that they might request as they might be mandated to impose it by their regulators.
so if you don't want any problem, put it in hard wallet, secure it different location..
But of course you can still hold some, just make sure you are aware of the changes so you can still get access on your account and you were able to comply all the necessary requirement. Coinbased is centralized, they are regulated by law, so KYC is must and probably other information that they might request as they might be mandated to impose it by their regulators.
so if you don't want any problem, put it in hard wallet, secure it different location..
Thank you for that info...
Still new to the terms and lingo of crypto world.
Basically I'm waiting to get the Trezor here to load it up from Coinbase.
Thanks again!
Still new to the terms and lingo of crypto world.
Basically I'm waiting to get the Trezor here to load it up from Coinbase.
Thanks again!
Hello Gang,
New guy here.
About 2 weeks ago I purchased $50,000 of Bitcoin and Ethereum thru Coinbase.
It's all sitting in the Coinbase wallet with a 2 step verification to get access.
I just ordered a Trezor 1 cold wallet. Might take a few days to get here.
How safe is the Coinbase wallet for holding my stuff?
I've read that their site is actually very secure.
Thanks for any info!
Not really. 2FA only serves to protect the user from external threats and assuming that the site doesn't have any loopholes in terms of social engineering and other vulnerabilities.New guy here.
About 2 weeks ago I purchased $50,000 of Bitcoin and Ethereum thru Coinbase.
It's all sitting in the Coinbase wallet with a 2 step verification to get access.
I just ordered a Trezor 1 cold wallet. Might take a few days to get here.
How safe is the Coinbase wallet for holding my stuff?
I've read that their site is actually very secure.
Thanks for any info!
Coinbase may seem secure but so did most of the exchanges before they got hacked. They are known to have outrageous policies which allows them to freeze your coins and track your transactions whenever they want. You won't know how secure it is until something happens. Trezor is a hardware wallet which mainly defeats the threats through malware and to an extent physical attacks as well. They are not a cold wallet. I consider hardware wallets to be mostly more secure than web wallets; 2FA can only protect you so much and it doesn't always fare that well against malware in the first place.
Hello Gang,
New guy here.
About 2 weeks ago I purchased $50,000 of Bitcoin and Ethereum thru Coinbase.
It's all sitting in the Coinbase wallet with a 2 step verification to get access.
I just ordered a Trezor 1 cold wallet. Might take a few days to get here.
How safe is the Coinbase wallet for holding my stuff?
I've read that their site is actually very secure.
Thanks for any info!
New guy here.
About 2 weeks ago I purchased $50,000 of Bitcoin and Ethereum thru Coinbase.
It's all sitting in the Coinbase wallet with a 2 step verification to get access.
I just ordered a Trezor 1 cold wallet. Might take a few days to get here.
How safe is the Coinbase wallet for holding my stuff?
I've read that their site is actually very secure.
Thanks for any info!
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