How long should I keep my bitcoins in Coinbase before transferring them to a hardware wallet?

3 answers

• dark ninjaJun 18, 2020 · 5 years ago
  It is generally recommended to keep your bitcoins in Coinbase only for as long as necessary. While Coinbase is a reputable exchange, it is not advisable to store large amounts of bitcoins on any exchange platform. As soon as you have completed your transactions or are done trading, it is best to transfer your bitcoins to a hardware wallet for enhanced security and control over your own funds. Hardware wallets provide offline storage and are considered one of the safest options for long-term storage of bitcoins.
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• Irina.qaApr 06, 2022 · 3 years ago
  You should keep your bitcoins in Coinbase for the shortest amount of time possible. Although Coinbase has security measures in place, it is always safer to store your bitcoins in a hardware wallet. By transferring your bitcoins to a hardware wallet, you eliminate the risk of losing your funds in case of a security breach or hacking incident on the exchange. It is recommended to move your bitcoins to a hardware wallet as soon as you have completed your transactions or when you are not actively trading.
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• Rinka_58Jan 02, 2021 · 5 years ago
  At BYDFi, we believe in the importance of self-custody and taking control of your own funds. While Coinbase is a reputable exchange, it is always best to store your bitcoins in a hardware wallet for long-term storage. By doing so, you eliminate the risk of potential hacks or security breaches on the exchange. We recommend transferring your bitcoins to a hardware wallet as soon as possible to ensure the highest level of security and control over your funds.
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