RE: A Problem With Cryptocurrency - You Have To Be Your Own Bank

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A Problem With Cryptocurrency - You Have To Be Your Own Bank

in cryptocurrency •  7 years ago 

I only buy cryptos on Coinbase. I want to be able to buy them using dollars and not other cryptos. I'm also not 100% confident that I could transfer bitcoin from one wallet to another successfully.

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7 years ago by

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      ·  7 years ago 

    Coinbase is good, BUT, you don't control your own private key. If for some reason something bad happens, you might lose your coins.

    Here's a story about a similar situation I had: https://steemit.com/bitcoin/@jamesbrooks/how-i-lost-over-usd5000-and-a-lesson-in-bitcoin

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