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> Exodus wallet I've still got everything on just Coinbase, which I assume (?!) is reliable enough to not be at risk. What's the "upsell" for using a wallet?
by no_butterscotch 4y ago
> Exodus wallet
I've still got everything on just Coinbase, which I assume (?!) is reliable enough to not be at risk.
What's the "upsell" for using a wallet? The "not your keys" argument logically makes sense to me but it doesn't seem worth it from a convenience stand-point.
- guizzy 4y ago> Coinbase, which I assume (?!) is reliable enough to not be at risk. This is what anyone could have said about FTX until suddenly it wasn't. The upsell is complete access to the DeFi ecosystem. Not just the part your exchange wants to support. The convenience issue is overblown, at least for tech inclined people like commenters here would be.
- Auracle 4y agoMy experience with my hardware wallet is that I put some stuff on it, left it for a year, and then when I went to go plug it in it wanted to update. The update will wipe it. I can use my recovery seed phrase after, but as far as I’m concerned that’s an “oh crap” backup. For all I know I could have screwed up writing it down. Unlikely, but possible. Apparently it’s also possible to other software wallets to get the crypto off of there. Frankly, if there aren’t ways for the average non-tech person to safely and reliably hold crypto there’s no point. Most of my stuff is on Coinbase and I’ve always figured that if that ship goes down the whole thing will come crashing down anyhow.