- This topic has 4 replies, 1 voice, and was last updated 6 days, 4 hours ago by stoicyeoman.
- Thursday, November 24th, 2022 at 12:09 #409868blunathanParticipant
Hi, I recently transfered my eth to my app Coinbase Wallet in order to own my crypto. Does it means that no matter what happens to Coinbase (crysis, ***bankruptcy*** , money stole, assets freezed by nations, nuclear wars….) i will always be able to use my Eth, right?
Sorry if it is a noob question for a lot of you, but i always stored my crypto in Coinbase exchange
Karma to all of youThursday, November 24th, 2022 at 12:09 #409869mobenstein
Don’t know if people are just rushing with the answers but the answer to your question is yes, you are safe from Coinbase fail.
“Coinbase wallet” is a self custody wallet with seed generation, and you control it and have to keep it safe.
“Coinbase” app is the one I think others are referring and that would be a no answer.
Just be sure to know the difference between those two.
Tldr; If you have the seed you are OK.Thursday, November 24th, 2022 at 12:09 #409870djlywtf
no. transfer it to a self custody walletThursday, November 24th, 2022 at 12:09 #409871Willing_Shelter_4443
Yes even if the wallet service stops working you can recover your wallet with your seed on any other wallet service like BlueWallet etc.Thursday, November 24th, 2022 at 12:09 #409872stoicyeoman
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