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Published 2 years ago

People are calling on Coinbase users to transfer their crypto into hardware wallets after the exchange warned a bankruptcy could mean losing their investment

Summary by Ground News

Coinbase warned Tuesday it could absorb its users' crypto as property in the unlikely event of bankruptcy. Users on Twitter and other social media sites are calling for users to transfer their crypto to so-called hardware wallets. Experts have long said hardware storage is the most secure way to store keys.

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People are calling on Coinbase users to transfer their crypto into hardware wallets after the exchange warned a bankruptcy could mean losing their investment

Experts told Insider that physical wallets are like "putting something in Fort Knox," which could soothe concerns over Coinbase's new risk factor.

2 years ago·United States

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