Is it safe to store my seed phrase on Coinbase?

3 answers

• Dec 16, 2021 · 3 years ago
  Storing your seed phrase on Coinbase can be convenient, but it comes with risks. While Coinbase is a reputable exchange, it's important to remember that storing your seed phrase on any online platform introduces a potential single point of failure. If Coinbase were to experience a security breach or if your account were to be compromised, your seed phrase could be exposed. It's generally recommended to store your seed phrase offline in a secure location, such as a hardware wallet or a paper wallet, to minimize the risk of theft or loss.
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• Dec 16, 2021 · 3 years ago
  No, it's not safe to store your seed phrase on Coinbase. Although Coinbase has security measures in place, it's always best to maintain control over your own private keys. By storing your seed phrase on Coinbase, you're essentially trusting them to keep it safe. However, if Coinbase were to be hacked or if their security measures were to fail, your seed phrase could be compromised. It's always recommended to store your seed phrase offline in a secure location that you control.
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• Dec 16, 2021 · 3 years ago
  As an expert in the field, I would advise against storing your seed phrase on Coinbase. While Coinbase is a reputable exchange, it's important to understand that storing your seed phrase on any online platform introduces a level of risk. It's always best to have full control over your own private keys and store your seed phrase offline in a secure location. By doing so, you minimize the risk of your seed phrase being exposed in the event of a security breach or account compromise.
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