@Alphalink it’s not that i don’t like coinbase. if you named any of the dozens of exchanges available, i’d have the same reaction. point being is that we all have gotten so use to the good times and matter of fact it’s made all of us complacent. i guess it really just falls on the individual.
speaking for myself, yes it’s nice that coinbase has a card and it’s so easy to go from crypto to cash. Don’t like cash? You could just use Coinbase card and use that use that as the means to just drain away all of your coins/holdings/wealth.
i don’t want my crypto portfolio any where near my bank account. i don’t need nor want anyone esp the govt to know how much of what coins i hold. you shouldn’t be spending any tokens, swapping for cash. leverage your assets by taking your tokens to the web three and getting a lender to let you borrow against your holdings.Especially like taking out alone except for you paying back yourself you are your own bank. Just be careful using volatile tokens and DONT go too heavy on how much you borrow because if it’s a bad day and then the markets move heavily against you, your LTV ratio can get you liquidated anyways what a yapper. getting back to your question, leave me on Coinbase you potentially open yourself up to being screwed over like I don’t know the people who had their money in FTX. That answer does that answer your question that’s why everybody preaches to use a self custody wallet. Use multiple wallets have a hot wallet that you use transact have a code wallet for storage have a burner wallet for paying your OF subscription only put in exchanges if you trade and even at that why you CEX where fees are lower and you can trade perps.
Lastly, the other thing I have against Coinbase is that those mofos close down my account last year with no rhyme or reason ask them why and they wouldn’t give me an answer and I was pretty upset because i made them tons of money with their 300/month premium account service charge along with all the trees in transaction fees. But that was when I was young and naïve and didn’t know about holding all my tokens and never letting it go letting go of my 10,000 XRP and my 16 bitcoin that hurts.And I regret it every day but it’s OK like that saying money doesn’t grow in trees, but there’s free Internet monies, you just have to know how to get it
GEODNET
Wingbits