bitcoinboomer on Nostr: I would highly recommend getting it off coinbase in to a hardware wallet (Cold Card, ...
I would highly recommend getting it off coinbase in to a hardware wallet (Cold Card, Jade, Bitbox 02 - bitcoin only, Passport). To reduce attack surface, only go with a bitcoin only hardware wallet, not one that supports other crypto. Coinbase will charge a higher fee to pull your bitcoin off, but it's highly worth it, because as the saying goes, "Not your keys, not your coins". If coinbase gets hacked, or if they don't have your bitcoin for whatever reason, then you're out of luck. It's much better to trust yourself. More stress, because it's all on you, but at least you have it in your control. I pulled my bitcoin off coinbase a few years ago, and the fee was 1.4-1.5% (I believe). I don't know how much harder it is right now, but if it's hard, that also tells you something. Good luck in you bitcoin journey. Self-sovereignty is the best. Oh, and also make sure you buy your hardware wallet directly from the manufacturer so you don't get a compromised device.
Published at
2024-09-17 12:00:30Event JSON
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"content": "I would highly recommend getting it off coinbase in to a hardware wallet (Cold Card, Jade, Bitbox 02 - bitcoin only, Passport). To reduce attack surface, only go with a bitcoin only hardware wallet, not one that supports other crypto. Coinbase will charge a higher fee to pull your bitcoin off, but it's highly worth it, because as the saying goes, \"Not your keys, not your coins\". If coinbase gets hacked, or if they don't have your bitcoin for whatever reason, then you're out of luck. It's much better to trust yourself. More stress, because it's all on you, but at least you have it in your control. I pulled my bitcoin off coinbase a few years ago, and the fee was 1.4-1.5% (I believe). I don't know how much harder it is right now, but if it's hard, that also tells you something. Good luck in you bitcoin journey. Self-sovereignty is the best. Oh, and also make sure you buy your hardware wallet directly from the manufacturer so you don't get a compromised device.",
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