โถ Coinbase Website: Coinbase.com
โถ CEX Website: cex.io
Coinbase Vault sounds safe. Legally, you’re just a creditor.
When crypto sits on Coinbase, you don’t own it. You own a claim against Coinbase for that amount. If they go under, you’re in line with other creditors hoping to get paid back. Might get something, might not.
They’ve also kept airdrops that should’ve gone to users. Frozen accounts without much explanation. Gone down during massive price swings when everyone’s trying to trade. None of that screams “your assets are protected.”
Vaults add some security features, sure. But the fundamental problem stays the same – not your keys, not your crypto. You’re trusting a company that has reasons to prioritize itself over you when things get messy.
Fine for amounts you’re actively trading. Terrible for serious holdings you want protected long-term. The vault marketing makes it sound like Fort Knox when really it’s just Coinbase with extra steps.
โถ Coinbase Website: Coinbase.com
โถ CEX Website: cex.io
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