What are the risks of leaving crypto in Coinbase?

1 answers

• Nov 29, 2021 · 3 years ago
  As an expert in the cryptocurrency industry, I would advise against leaving your crypto in Coinbase for an extended period of time. While Coinbase is a reputable exchange, it's important to remember that it is still a centralized platform. This means that you are trusting Coinbase to keep your funds safe and secure. However, history has shown that even the most secure platforms can be vulnerable to hacks and security breaches. By storing your crypto in a personal wallet, you have full control over your private keys and are not reliant on a third party. This significantly reduces the risk of theft or loss of funds. Consider using a hardware wallet or a self-custody solution for enhanced security and peace of mind.
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