Is it possible to save BTC from Coinbase or Bitfinex on a hard drive wallet?

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Quote from: lars99971 on December 01, 2017, 04:46:03 PM

As far as I have understood, you don't get actual BTCs on these platforms. I was just wondering if this is true and if it was possible to transfer BTCs from these Platforms to an Hard drive wallet for more safty.

If not of which platforms do you know, that give you actual BTCs?
I only know of Bitcoin.de and Kraken.

Thanks in advance for the help.

Damn,this literally gave me a heart-ache.People know Bittrex and Coinbase but don't have an idea about the basic bitcoin principle that is personal wallets.
->Short Answer : Yes,you can transfer the amount to your local wallet/other online wallets.

->Long Answer : You should keep your data flow the other way,bitcoins should go to exchanges from your local wallets and come back here after the have served the purpose.Should never store your bitcoins over an exchange.

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@lars99971

You are confusing something. Of course the bitcoins you own on your coinbase account as your, but you give them to coinbase to store your bitcoins. You can, of course, transfer any amount to any place. (Imagine a bank where you can't move the funds)
The problem comes if you need the private keys or if suddenly coinbase decide to terminate your account or any other problem that can occur.

You're free to install any software, like electrum, or purchase a hardware wallet, like Trezor or Ledger Nano as mentioned @949miner, or create a paper wallet, and transfer all your bitcoins from coinbase to your real wallet (where you have full control with the private keys )

949miner

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You can easily transfer them, that is why you have a public key on your wallet (your bitcoin address)

If you send bitcoins to that address, then it is going to be sent smothly to there (to your hardware wallet) so yes, i dont see any problems about doing that.

In fact, it is much more safer than having those coins in coinbase, you are never going to know if someday they decide to shut down their own platform.

So better to have those coins in a ledger or a trezor one.

lars99971

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As far as I have understood, you don't get actual BTCs on these platforms. I was just wondering if this is true and if it was possible to transfer BTCs from these Platforms to an Hard drive wallet for more safty.

If not of which platforms do you know, that give you actual BTCs?
I only know of Bitcoin.de and Kraken.

Thanks in advance for the help.

Topic: Is it possible to save BTC from Coinbase or Bitfinex on a hard drive wallet? (Read 203 times)