Coinbase has been at the centre of attention for the last few weeks due to their inability to provide a basic service.
I've come across many people on various platforms complaining about Coinbase. I'm one of them.
When the pressure is on, Coinbase cannot handle the pressure, you can log in, you can't buy and you can't sell.
It's like they're trying to tell us 'You're not fxxxxxg selling' (or buying 😂).
Now, the question I would like to ask the Steemit community who know about their crypto currencies is:
What is the best place to buy and safely store my investments other than coinbase?
Thank you and I look forward to your help.
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Bro, I feel your pain.
I think the best and safest place to save your cryptocurrency is with a paper or offline wallet.
My recommendation is the Ledger Nano S, which is an offline physical wallet that allows you to store up to 10 different altcoins and increasing with updates.
Ledget Nano S: https://www.ledgerwallet.com/r/7e18?path=/products/ledger-nano-s
Ledger Blue: https://www.ledgerwallet.com/r/7e18?path=/products/ledger-blue
I use them to store a bunch of coins, and I feel safe!
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Thanks! I am looking into buying one of those.
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I'm very new to this so take what knowledge i have with a grain(or bucket!) of salt.
Cheapest and VERY safe: Armory. Using the offline storage method.
Best overall: Hardware solution i.e. Ledger nano S, Trezor, and the other one i can't remember
Downside to hardware solutions? BACKLOGGED ORDERS!!!! Ordered my nano s 6/15 and it isn't expected til early august. If you want to pay 4 times the cost, you can go on ebay or amazon and get them for 250+ USD(which is crazy, IMO)
Overall downsides to offline storage? Inability to rapidly buy/sell. Coinbase has been giving a large "fuck you", as you so well put lol, to the users lately and i suspect due to the nature of this game that it is intentional.
I just got in and put 6500 in btc and about 1300 in ether a few weeks ago.
I still have my btc on coinbase in hopes of catching the next wave.
Idk if i helped you at all or if you're reading this going "no shit!" but hey, it's what i know works for sure, right now.
Good luck my friend!
*As far as buying? I guess localbitcoins seems like the best option in the US. It's a bit more work but the fees are SO smaller.
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Thank you. This was very useful!
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You ripped that question right out of my head. I've used Bter & Cex, but until recently had no issues with Coinbase. Being in the US will limit my choices.
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It looks like I'm going to have to invest in a Nano Ledger soon. They don't come cheap though.
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I pulled out of coinbase yesterday. Nice interface, trash reliability.
Put it in Gemini, which has lower fees anyway
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Never heard of Gemini but I have now! Thanks for that.
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