Worried about Coinbase!! - page 2. | Bitcointalksearch.org

n691309

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Quote from: BitcoinNewsMagazine on January 19, 2017, 07:21:30 PM

There has been some good advice in this thread but no one has mentioned the hardware wallet option. You can buy a Ledger Nano S for $65 and move your bitcoin private keys from Coinbase to the Nano S and problem solved. No one has ever had bitcoin stolen from a Ledger hardware wallet.

If someone can't afford spending $65 in a hardware wallet like Ledger Nano S or Trezor then there is an option to buy one of the cheapest hardware wallet which is Ledger HW.1 which is $16 excluding taxes.

BitcoinNewsMagazine

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There has been some good advice in this thread but no one has mentioned the hardware wallet option. You can buy a Ledger Nano S for $65 and move your bitcoin private keys from Coinbase to the Nano S and problem solved. No one has ever had bitcoin stolen from a Ledger hardware wallet.

bL4nkcode

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Limited in number. Limitless in potential.

Quote from: Mkmanik on January 19, 2017, 04:09:32 PM

Quote from: Superzpay on January 19, 2017, 11:47:31 AM

You have not to rely on any online wallet as your main wallet. Only keep some amount of your bitcoins in your coinbase wallet which you will need to spend from there while do not use coinbase or any other online wallet for the purpose of storing your bitcoins.

I have no idea about the desktop wallet.At beginning of the time, iwhenI joined bitcoin world, I am using coinbase wallet.But now hearing some issue abotut coinbase really i am afraid. Now my wallet is full of with 400$+ . I have to select desktop wallet must. Now i am searching youtube about it.if i found any suitable video for me,then i will confirm here.

Anyone can suggest me videos about how to install desktop wallet?? best regards
Manik

Well, yeah it's kinda worried, now if you want to secure your account no your bitcoins, then you must change your wallet already, I can suggest you to use electrum, it's too light not just another desktop, I just use this also for just couple of days, and it goes well, hardened the security of your wallet(password), the security for your device such as antivirus makes you worry less.

Mkmanik

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Quote from: Superzpay on January 19, 2017, 11:47:31 AM

You have not to rely on any online wallet as your main wallet. Only keep some amount of your bitcoins in your coinbase wallet which you will need to spend from there while do not use coinbase or any other online wallet for the purpose of storing your bitcoins.

I have no idea about the desktop wallet.At beginning of the time, iwhenI joined bitcoin world, I am using coinbase wallet.But now hearing some issue abotut coinbase really i am afraid. Now my wallet is full of with 400$+ . I have to select desktop wallet must. Now i am searching youtube about it.if i found any suitable video for me,then i will confirm here.

Anyone can suggest me videos about how to install desktop wallet?? best regards
Manik

Superzpay

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You have not to rely on any online wallet as your main wallet. Only keep some amount of your bitcoins in your coinbase wallet which you will need to spend from there while do not use coinbase or any other online wallet for the purpose of storing your bitcoins.

harizen

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Quote from: Mkmanik on January 19, 2017, 02:54:02 AM

I am using coinbase beginning of the time when i joined Bitcoin industry.I can't face any problem or any critical issue about coinbase.But I am highly worried reading some post that coinbase banned user accounts without any issue.I have now 400+$ in my coinbase account.What will I do now? which one wallet is safe and secure.
Need advice, suggestion.

If you are really worried about Coinbase services then you will not seek some suggestions first from the community because the first thing you will do is to get out of your coins there to ease your worries. And besides it's impossible you didn't encountered some suggestions since you entered bitcoin industry about not to store large amount at any web wallets.

Don't use any web wallets as storage, that's it. Exclude online wallets as a safe one to stored your coins. Just use their respective service if ever you need it.

mrjoy15

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Quote from: btccashacc on January 19, 2017, 04:31:24 AM

Quote from: Mkmanik on January 19, 2017, 02:54:02 AM

I am using coinbase beginning of the time when i joined Bitcoin industry.I can't face any problem or any critical issue about coinbase.But I am highly worried reading some post that coinbase banned user accounts without any issue.I have now 400+$ in my coinbase account.What will I do now? which one wallet is safe and secure.
Need advice, suggestion.

First of all read their TOS properly, avoid transaction for any gambling purpose. 400 dollars it's such big money for me so i recommend you to move them to a wallet where you can controll your private key like mocacinno suggested desktop wallet is a good one. I don't have any problem with coinbase but i heard they locked their users account due to fund that they sent/received from gambling site, i used xapo for long time i think they're same now my account has been temporarily locked.
Well they won't locked your account if you're not against their rules simple as that.

Now a days,I have been also well much known about coinbase issue.From my side still nothing any wrong.All are transaction going smoothly without any difficulty.Personally,right now like to take service many kind of wallets- blockchain,mycelium,xapo.Keep only small amounts of bitcoins such of this online wallet.
There my suggestion Hardware wallet should be best choice instead of any online wallet.In general,every bitcoin owner want the safety and security of his bitcoins.

Pursuer

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Where is my ring of blades...

coinbase should only be used for two things:
1) for buying/selling bitcoin if you want an easy to use platform and are ok with the fees, and the ways they accept money deposit and withdrawals. it is convenient for many people and you can say it may be even safer than other exchanges to buy bitcoin there.

2) if you are a newbie and don't know what a bitcoin wallet is so you start with coinbase, learn some stuff and move away.

other than that you must not use it.

jaceefrost

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Quote from: Mkmanik on January 19, 2017, 02:54:02 AM

I am using coinbase beginning of the time when i joined Bitcoin industry.I can't face any problem or any critical issue about coinbase.But I am highly worried reading some post that coinbase banned user accounts without any issue.I have now 400+$ in my coinbase account.What will I do now? which one wallet is safe and secure.
Need advice, suggestion.

The reason I see most why coinbase accounts gets locked is because they didn't followed their tos which mostly involved sending money from gambling sites directly to your coinbase accounts. I think if you are following coinbase TOS then you shouldn't be worried. If you want a safer wallet tho I suggest you use a wallet where you hae full conttol of your wallet. Like Electrum for desktop mycelium for mobile android and if you want a web wallet just use blockchain. Or try greenaddress.

btccashacc

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Quote from: Mkmanik on January 19, 2017, 02:54:02 AM

I am using coinbase beginning of the time when i joined Bitcoin industry.I can't face any problem or any critical issue about coinbase.But I am highly worried reading some post that coinbase banned user accounts without any issue.I have now 400+$ in my coinbase account.What will I do now? which one wallet is safe and secure.
Need advice, suggestion.

First of all read their TOS properly, avoid transaction for any gambling purpose. 400 dollars it's such big money for me so i recommend you to move them to a wallet where you can controll your private key like mocacinno suggested desktop wallet is a good one. I don't have any problem with coinbase but i heard they locked their users account due to fund that they sent/received from gambling site, i used xapo for long time i think they're same now my account has been temporarily locked.
Well they won't locked your account if you're not against their rules simple as that.

mocacinno

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Quote from: Mkmanik on January 19, 2017, 02:54:02 AM

I am using coinbase beginning of the time when i joined Bitcoin industry.I can't face any problem or any critical issue about coinbase.But I am highly worried reading some post that coinbase banned user accounts without any issue.I have now 400+$ in my coinbase account.What will I do now? which one wallet is safe and secure.
Need advice, suggestion.

Pick a decent desktop wallet and move your funds away from the online wallets you use.

I personally like electrum, multibit HD and core.

Electrum and multibit are SPV wallets, so they only download the headers. This makes them fast to sync. Core will need to download the full blockchain, but in return you're actually helping the network by verifying everything yourself

The downside is that core will take up ~100Gb of diskspace (unless you start it with the pruning option turned on), and it might take days to sync initially.

BTW: if you use a desktop wallet, make sure your PC is 100% clean, make sure you pick strong passwords and make sure you make sufficient backups!!! (electrum + multibit HD => Seed words/ core => wallet.dat... Since the latest versions of core are also HD, one backup will suffice)

Mkmanik

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I am using coinbase beginning of the time when i joined Bitcoin industry.I can't face any problem or any critical issue about coinbase.But I am highly worried reading some post that coinbase banned user accounts without any issue.I have now 400+$ in my coinbase account.What will I do now? which one wallet is safe and secure.
Need advice, suggestion.

Topic: Worried about Coinbase!! - page 2. (Read 1042 times)