this post was submitted on 28 Nov 2023
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Alternative to Coinbase to store ETH? (alien.top)
submitted 2 years ago by Deranged-Turkey@alien.top to c/ethereum@blockchained.world
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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

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[–] FL_Squirtle@alien.top 1 points 2 years ago (1 children)

No it's not. Coinbase doesn't allow users to own the keys to their wallets, which means if you store with them they own your coins.

Absolutely NO exchange is safe to store funds.

Get a hardware wallet or use MetaMask or another digital wallet that provides you with your keys.

[–] NaggersAnnoyMe112358@alien.top 1 points 2 years ago (1 children)

Lord, have you seen the dusted metamask posts here every single day? Coinbase with TOTP or yubikey 2fa is much better

[–] FL_Squirtle@alien.top 1 points 2 years ago

I'm not saying MetaMask is the best option. Hardware is. I'm saying the issue lies with the fact that if you don't own the keys to where the coins are stored, you don't own those coins.