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Coinbase is a broker. They make money by charging a fee when you convert between currencies. Their customers purchase Bitcoin and then transfer the funds into a
by Svekax 9y ago
Coinbase is a broker. They make money by charging a fee when you convert between currencies. Their customers purchase Bitcoin and then transfer the funds into a Bitcoin address that they generated locally.
Polychain Capital is a hedge fund that only accepts investments greater than $500k from investors wealthy enough to manage the risk. If op had something like this in mind, he wouldn't be gauging the interest of random people on HN. Still, I believe they're too tempting a target and it's only a matter of time before their holdings are stolen.
- tradersam 9y agoHey guess what! Coinbase is insured.[0][1] [0]:https://support.coinbase.com/customer/portal/articles/1662379-how-is-coinbase-insured- https://support.coinbase.com/customer/portal/articles/166237... [1]:https://www.coinbase.com/legal/insurance https://www.coinbase.com/legal/insurance
- runeks 9y agoSo was BitPay: http://www.coindesk.com/bitpay-sues-insurer-after-losing-1-8-million-in-phishing-attack/ http://www.coindesk.com/bitpay-sues-insurer-after-losing-1-8...