Is Coinbase Safe?

[Anonymous No.52386748]

Bought 12k of link in 2018 based on advice from this board and haven't posted/lurked since. Have it stored on Coinbase. This whole FTX debacle has me a little worried. Should I pull it out and store in a wallet?
Coinbase seems like the Amazon at the end of the .com bubble to me. IMO if any exchange is to survive the crypto winter and continue to expand, it's them.
Am I wrong in thinking this? With collapses left and right, they seem to be cementing themselves as the gold standard of buying crypto.
BTW I'm never selling.

[Anonymous No.52386775]

>>52386748
Can I have 500 link?
Yes Coinbase is fine

[Anonymous No.52386776]

>>52386748
Coinbase literally say in their user agreement that if they go Bankrupt they're taking your money, but that's the same for any CEX really so.......maybe? They're all safe until they aren't.

[Anonymous No.52386841]

>>52386748
yeah and up until last week FTX was considered by most to be the "gold standard", and before that it was Celsius
at this stage nothing is safe
why not move most of your assets to a cold wallet, wait 8 months for the dust to settle, then get back?

[Anonymous No.52386864]

>>52386748
>BTW I'm never selling

So you purchased 12 000 link for $6000 more or less in 2018... you saw the valuation of your bag reach over $500 000 just 3 years later and that wasnt good enough for you?
Either you're already rich and dont care or you're not a smart investor

[Anonymous No.52386877]

>>52386748
Just spend the 70$ or whatever and buy a hardware wallet. Idk why they're so intimidating to use

[Anonymous No.52386887]

>>52386864
To be fair, $500,000 is nothing

[Anonymous No.52386891]

>>52386748
NOT YOUR KEYS NOT YOUR COINS...RETARD

[Anonymous No.52386922]

>>52386864
>he still has $70k worth of link, more 10x his initial
>not a smart investor

[Anonymous No.52386929]

>>52386877
You do understand you have to do the private key management yourself righ. Hardware wallets are great, but a lot of newbs think they just have to buy it and that's it

[Anonymous No.52386951]

>>52386922
he missed the top so yes not very smart

[Jealous No.52386957]

[Anonymous No.52386976]

>>52386887
>500k is nothing
In a 3rd world country it's enough to retire
In a 1st world country it's a house/condo paid cash

[Anonymous No.52386977]

>>52386951
>missed the top
Strange, I don’t remember link ever going to $81k

[Anonymous No.52387004]

>>52386976
>In a 1st world country it's a house/condo paid cash
Is this suppose to be impressive you zoomer fuck? Lmao

[Anonymous No.52387025]

>>52386887
Dude stfu I'm sitting here with literally no money 50k would be like 1 million right now 25k would be 500k and 10k would be like 100k
It's perspective if you really believe this shit then you were born with a silver spoon and haven't endured a whole different side of hell that's life.
I'm so god damn stressed Im waking up out of my sleep screaming

[Anonymous No.52387031]

>>52386748
YOU RETARD GET IT OUT NOW ONTO A LEDGER YOU FUCKING RETARD GETTING A SECOND CHANCE AT LIFE YOU RETARD HURRY HURRY GET YOUR FAT ASS OVER TO THE STORE OR THE WEBSITE AND GET YOU A LEDGER HURRY

[Anonymous No.52387067]

>>52386748
I would store atleast half of all LINK in a cold wallet (trezor) if i were you, just in case.

[Anonymous No.52387109]

>>52387004
>Is this suppose to be impressive you zoomer fuck?
First of all I'm 40 y-o and indeed a house paid in full is very good because you don't need to work as much. I made enough money to pay my house this bullrun and since then I switched to working 25h a week instead of 40h

[Anonymous No.52387111]

>>52386864
actually bought it for ~2700 when it dipped down below 25c in the summer. Bought it drunk off my ass too so yes I'm not a smart investor.
it was worth ~600k at the peak but that's not even enough to buy a decent sized house where I live.
Plus I genuinely believe in the project. Seems like one of the few that actually tries to move pie-in-the-sky ideas into actuality rather than hodl memes and shiesty jews.
and yes I am a bad investor.
>>52386841
what cold wallet would you recommend? Like I said I know nothing beyond the basics. I just bought and left years ago. Now I'm back.

[Anonymous No.52387243]

>>52387111
>Plus I genuinely believe in the project

I bet you couldnt even explain the differences between Chainlink and its oracle competitors
The tl;dr is they're all solutions looking for a problem, and it has no business being currently valued at 3 billion dollars
It's just an erc20 token and it has no real life customers

[Anonymous No.52387311]

>>52387243
You're right. I can't explain shit. But what I can say is there are a hell of a lot people who know the name Chainlink vs. whatever shitcoin copycat you just posted.

[Anonymous No.52387361]

>>52386748
https://www.bnnbloomberg.ca/binance-reserves-show-almost-half-of-holdings-are-in-its-own-tokens-1.1845166
What are the implications of Binance only having 10.5% of its supposed 70 billion dollars worth of holdings in Bitcoin?
What's going on there?
Why is it that low?

[Anonymous No.52387379]

I’ve had a trezor that I have never used. Is now the time?

[Anonymous No.52387966]

>>52386841
FTX was the "gold standard" for retards. Anyone with half a brain knew to avoid it

[Anonymous No.52387997]

>>52386748
put it on a hardware wallet, tard
literally no reason not to
coinbase is probably the safest of all exchanges but you never know

[Anonymous No.52388031]

>>52386748
Coinbase is the most conservative exchange around. They don't gamble with users crypto and back it 1:1. So many retards keep falling for fools gold offered by these Jewish exchanges. Trust the bald white man

[Anonymous No.52388062]

>>52386929
you mean not to let ledger generate the pk? how does one do this safely? what if ledger is compromised? is it even safe to enter a pk into it that you generated yourself?

[Anonymous No.52388096]

>>52386776
it's also the same as any bank if you look closely at your agreement. you're an unsecured creditor to the bank, you give them your money and receive no collateral and you are the last in line for reimbursement if the bank goes under. additionally, FDIC insurance doesn't necessarily guarantee what you lose

[Anonymous No.52388112]

>>52386748
kek
coinbase literal gov op
it will burn

only safe be binance

[Anonymous No.52388128]

HOLY SHIT ARE YOU RETARDED, PULL YOUR LINK OFF RIGHT NOW AND IF YOURE SUCH A FAGGOT THAT YOU NEED YIELD DEPOSIT IT ON AAVE ON ETH OR POLYGON (SLIGHTLY MORE RISKY) WHAT THE FUCK IS WRONG WITH YOU.

[Anonymous No.52388178]

>>52387025
Oh my fucking god shut the fuck up. Im a poor wagie and you know what I would do if I just magically recieved $500k? I would fucking invest it. A good chunk into LINK as a matter of fact.

[Anonymous No.52388232]

>>52386748
how is this still a serious question?
how many examples do you retards need
get out

[Anonymous No.52388247]

>>52386748
even if there's only a 1% chance Coinbase could go BK and take your money, why the fuck would you take that chance? Go buy a fucking hardware wallet for like 50 bucks and store that shit yourself.

[Anonymous No.52388253]

>>52388178
Newfaggot piss off we don't need redditors like your shitting up the place nigger.

[Anonymous No.52388304]

>>52386748
>Have it stored on Coinbase
>Should I pull it out and store in a wallet
not good
yes
>>52388247
>hardware wallet
not needed

[Anonymous No.52388434]

>>52388304
so what would you use instead? a web wallet provider?

[Anonymous No.52388504]

>>52388253
Its just the fucking truth you seething faggot. $500k isnt fucking shit and you are an absolute moron if thats all it would take for you to be content.

[Anonymous No.52388509]

>>52388434
You're unironically orders of magnitude safer just going the normies route and using metamask than leaving tokens on a cex

[Anonymous No.52388526]

>>52386748
why, what's going on with FTX?

[Anonymous No.52388529]

>>52388434
>>52388509
Make sure you have eth on whatever wallet you send it to, and not weth

[Anonymous No.52388592]

>>52388526
low effort bait
>>52388509
Also if you're new to defi, make sure to always use a dex aggregator than trading or else you create arbitrage opportunities for bots. I use 1nch and paraswap depending on who has better rates but there's many more like cowswap, matcha, open ocean, etc

[Anonymous No.52388653]

>>52388504
You absolutely need to kill yourself parasite.
Your fucking kike kind will all be killed.

[Anonymous No.52388678]

>>52386976
>cash out your entire stack for a small apartment that still costs you money every year
Smart
Please give more financial advice

[Anonymous No.52388717]

>>52387025
Get a job nigger
I literally spent 10k last night

[Anonymous No.52388799]

>>52386748
I had just a small bit of my link stack still on Coinbase and within a few seconds of withdrawing my test transaction to my wallet I received this email picrel. Kek
This made me even less confident in their business.

[Anonymous No.52388847]

>>52388434
a normal software wallet

for fucks sake why do I share the board with people like you

[Anonymous No.52388882]

>>52388717
Post nose.

[Anonymous No.52388905]

>>52388799
>large well known exchange blows up for gambling with user's funds
>every other (still solvent) exchange sends out an email like this
So would it make you feel better if Coinbase was the only exchange to not try to reassure their customers?

[Anonymous No.52389017]

>>52388847
probably because you're some 2017 or later newshit and I've been around since 2013.

[Anonymous No.52389035]

>>52389017
>been around since 2013
>whats a wallet??
>can I keep my coins on an exchange my fellow oldfags hmmmmmm?

[Anonymous No.52389062]

>>52389035
yeah I was just surprised you were retarded enough to trust some software wallet lol

[Anonymous No.52389085]

>>52389062
why shouldnt I trust open source software that I can fork, modify and verify myself? you may as well not trust the blockchain itself, fucking idiot. you're the one trusting a hosted "wallet" of all things

[Anonymous No.52389149]

Just get a ledger dude..what's wrong with you?

[Anonymous No.52389181]

>>52388304
signaling against hardware wallets is for retards
they cost like $100 and add a whole other layer of security to everything you do

[Anonymous No.52389182]

>>52389085
cool story bro have fun losing all your shit

[Anonymous No.52389285]

>>52386864
Funny that. It doesn't even cover the down payment that an average income needs on a modest house. My 21000 LINK was barely worth a 2 bedroom condo in the burbs at peak.

[Anonymous No.52389312]

>>52389285
where the fuck do you live where some dumb condo costs over a million

[Anonymous No.52389536]

>>52386748
No

[Anonymous No.52390359]

>>52389181
>security
Privacy protocols will give the extra layer of security that is required, hardware wallets could contain malware that allows attackers to steal private keys and drain your accounts.

[Anonymous No.52390638]

>>52386748
sell a couple links if you need some money to afford a wallet

[Anonymous No.52390934]

>>52386748
>DeFi private wallet is the best option
Stay away from anything centralized.

[Anonymous No.52390956]

>>52389149
Can't wait to have railgun support ledger