/biz/ - Business & Finance

[Anonymous No.20472296]

is it safe to leave my LINK on coinbase for a long time?
what happens if i dont login for like a year?

[Anonymous No.20472308]

It takes like five fucking minutes to set up a wallet you stupid fuck. You deserve to lose your LINK.

[Anonymous No.20472327]

>>20472296
coinbase is probably the safest place to keep your linkies desu senpai. Coinbase is far less likely to be hacked than you are.

[Anonymous No.20472349]

>>20472308
There are risks to a wallet that coinbase doesn’t haven’t.

How do you store your seed phrase?

[Anonymous No.20472350]

>>20472296
dont hold the keys
dont hold the coin

[Anonymous No.20472371]

>>20472349
Written on a piece of paper locked in a fireproof safe. Two keys hidden on my property.

[Anonymous No.20472376]

>>20472349
Lastpass you dumb fuck.

[Anonymous No.20472384]

No. Coinbase is shady so is every corporation that size. Why would you allow criminals to have access to your money ? They’ve been caught committing so many crimes just look back to me 2017 complaints and lawsuits against them

Cold storage or rope, your choice

[Anonymous No.20472515]

>>20472296
You fucking morons never learn

[Anonymous No.20472576]

>>20472296
If you don’t log in at least once in a three month period they will delete your link tokens

[Anonymous No.20472601]

you didn't read the user agreement when making the account? it says that if you don't login for a year the account is considered abandoned and all the funds on it goes to coinbase

[Anonymous No.20472609]

>>20472376
Dashlane here, but same idea.

[Anonymous No.20472641]

>>20472576
lol

[Anonymous No.20472655]

>>20472308
>>20472296
Mines been on binance for 2 years
I don't know how to make a wallet and I don't understand how eth gas works

[Anonymous No.20472716]

I had over 2 BTC on Binance for 2 and a half years, I didn't login for 2 years, was still fine. Before Corona I put most of the coins on a hard wallet just in case they are gonna steal my crypto because of corona. Nothing happened

[Anonymous No.20472742]

>>20472655
Rip

[Anonymous No.20472762]

>>20472349
if you can't store your own coins you shouldn't even be investing in crypto.

[Anonymous No.20472805]

>>20472296
>is it safe to leave my LINK on coinbase for a long time?
No.

[Anonymous No.20473417]

>>20472327
Coinbase went down yesterday retard.

[Anonymous No.20473602]

One thing you really need to think about is the risk of what’s called the ranch attack meaning somebody shows up at your house and threatens to harm you or your kids or somebody that you care about.

https://link.medium.com/u7Raljbee8

One way to counter this is to ensure that you literally do not have access to your entire stack.

One of the benefits of the coin base custodial solution is it is literally impossible to transfer your coins on less than two days notice

TLDR: In my opinion the best option is to split your stack among, For example one hardware wallet that is sitting in a safe deposit box one hardware wallet that is sitting at your house and then some in the coin base vault

[Anonymous No.20473628]

>>20473602
>”ranch attack”
Sorry, wrench attack

[Anonymous No.20473648]

No, it's not

Not because you'll get hacked, but because you'll want to sell. I have a paper wallet and 10K linkies, now I have no linkies because I'm a filthy swingie after waiting fucking forever and seeing all the pump and dumps. I want in on that, and right now niggers and soiboys are buying LINK. I don't see a bigger sell signal than that. We'll probably hit $8.9 again, double top, and dump right the fuck back down to $5 or some shit

[Anonymous No.20473706]

>>20472805
Sam Hyde was an early BTC and LINK holder. That is the type of person you are making rich when you buy crypto.

[Anonymous No.20473745]

I've left 0.5 btc on for 3 years on coinbase, so I'd say yes

but I've heard that it's not good, so maybe get coinbase wallet? Other than that I don't know

[Anonymous No.20473781]

>>20472349
It takes about 30 minutes to remeber it. and then another 5 minutes every day to repeat it. You should be able to invest that much time for your financial independence.

[Anonymous No.20473828]

>>20473781
Human memory is extremely fragile, malleable and changeable. Would not advise.

[Anonymous No.20473916]

>>20472349

personally I used a cheap tablet, factory wiped it then generated a fresh paper wallet. Used some really thick paper, a sharpie, and when I wrote the words down I sealed it with clear acrylic paint in case of water damage. Put it in a fireproof box like this anon >>20472371

[Anonymous No.20473924]

>>20473828
>my brain is not capable of remebering 24 words

[Anonymous No.20473949]

>>20473417
>routine maintenance
>being hacked

[Anonymous No.20473961]

>>20472655
are you in the US? even though binance has said accounts made before sept 2019 are grandfathered in, I wouldn't trust it in this climate. for you coinbase would be far safer so just transfer your stuff there because cold storage might be too complicated

[Anonymous No.20474001]

>>20472376
Say hello to a keylogger and bye to your coins.

[Anonymous No.20474044]

>>20473924
Anyone can remember 24 words, the problem is that human memory is factually flawed and changeable, no matter how le high IQ you are.
Every time you remember something you don't remember the original instance, but the last time you remembered that. And that way distortion of said memory takes place. This is a fact.

So all it takes is a single day where you go out drinking, be in a stressful situation or be in any situation other than the baseline normal and for you to distort your own memory. There is a reason why singular human memory is not seen as hard evidence at the court.

[Anonymous No.20474173]

>>20473924
only 12 with a trezor model t :)

[Anonymous No.20474227]

>>20473961
Do I need to buy eth for gas if I want to transfer link from binance to coinbase