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This is why you shouldn't leave your crypto in Coinbase. If my money is in a bank there's no real way I can transfer all of my money out of it and have it remai
by jdoliner 6y ago
This is why you shouldn't leave your crypto in Coinbase. If my money is in a bank there's no real way I can transfer all of my money out of it and have it remain usable. I can transfer it to a different bank, or I can get it all in cash and hide it in my mattress. On the other hand, the banking part of Coinbase is a complete commodity, I can transfer my assets to my own wallet and they're just as usable. The existence of an escape hatch is a big difference. Even if CB itself is basically a central bank.