Ethereum

5 readers

1 users here now

Resources

founded 1 year ago

MODERATORS

communick@blockchained.world

rglullis

Alternative to Coinbase to store ETH? (alien.top)

submitted 11 months ago by Deranged-Turkey@alien.top to c/ethereum@blockchained.world

46 comments fedilink hide all child comments

Currently storing ETH on coinbase because of how easy it is to stake, but I was wondering if there are any safer options out there to self custody and stake ETH

you are viewing a single comment's thread
view the rest of the comments

[–] gc227@alien.top 1 points 11 months ago (9 children)

Coinbase is safe

[–] Deranged-Turkey@alien.top 1 points 11 months ago (3 children)

How can you be so sure of that?

[–] Stiltzkinn@alien.top 1 points 11 months ago

Blackrock.

[–] Kno010@alien.top 1 points 11 months ago

Nobody can, but if you had to pick an exchange then Coinbase would probably be one of the safest.

Luckily you don’t have to pick an exchange, you are free to custody your own funds (which is the whole reason crypto exists). So if you don’t want to take any chances on the solvency of a centralized entity just get yourself a Trezor and self custody.

[–] morrisdev@alien.top 1 points 11 months ago (1 children)

Bizarrely enough, being a publicly traded company makes me feel a bit secure. However, it's best not to leave all your money in one spot. I keep 1/3 on coinbase and 2/3 on a ledger. Hell, i Might lose the ledger! My kid thought it was a USB drive and was trying to use it to store some kind of 3d printer file!

I'm like....dude, that's not for you.

[–] richardrietdijk@alien.top 1 points 11 months ago

Losing the ledger itself is not a problem.

load more comments (5 replies)