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Ramiel

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Ramiel

Re: scubasteve11 post# 1694

Friday, 02/16/2018 10:02:57 PM

Friday, February 16, 2018 10:02:57 PM

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For cryptos, NO. For USD, yes. FDIC insured upto $250k for fiat ONLY. If/when Coinbase gets hacked, whoever’s coins disappear will be gone forever. If you don’t hold your private keys or recovery phrase, then that defeats the whole purpose of Blockchain technology and cryptocurrencies. You are trusting a third-party to store your value. Again, defeats the purpose of owning cryptos. Take control of your value. Don’t trust a third-party to do so.

https://support.coinbase.com/customer/portal/articles/1526452-where-can-i-find-the-private-keys-for-my-wallet-
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