hello people, this will likely have been answered however I am unable to discover it anyplace.
With Coinbase One does this offer you any security if (hypothetically) Coinbase goes bankrupt? Would it not offer you further insurance coverage, or another mechanism to get your funds returned? I just like the idea of Coinbase One, however in addition to some restricted safety towards hackers (e.g., in the event that they get your password you are still not protected?); I am positive all the advantages it offers.
Additionally, has anybody signed up for Coinbase One? What do you consider the service to date?
7 thoughts on “Coinbase ONE questions”
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How’s it going, u/retrorays! Thanks for reaching out regarding your Coinbase One questions. I have a few resources that I encourage you to check out that will provide you with more information regarding your listed questions:
Please let us know if you have any other questions or concerns! Have a great day ????.
Whoops! Looks like the second link provided didn’t hyperlink. Here it is: https://www.coinbase.com/legal/user_agreement/united_states#coinbase-one
Since my Coinbase account is no longer at $1M, I have not signed up for it, because my only benefit would be the insurance. The Advanced Trading Platform doesn’t get the “free trades” and I do far more trades than the monthly allotment. BUT I am guessing sometime in mid to late 2023 I will be signing up, just for the insurance.
Coinbase One will not help if Coinbase goes bankrupt, but that isn’t very likely anyway… This isn’t Coinbase’s first rodeo, we (Coinbase and myself) have been through all this FUD, bankruptcies, and Crypto Winters twice before; like FTX, Celsius, BlockFi, Voyager etc. All this stuff is nothing new or interesting.
I think it pays for itself especially if you are buying everyday. No fees on any transactions is nice, the increased staking percentage is a lot better.
NO, the courts would not allow paying for preferential treatment/payouts from the party declaring bankruptcy…
If that concerns you, you should self host, but you better take all security risks and educate yourself for any large sums
Hey Coinbase time to make decisions!!
If your smart youll tell account holders your having problems and you need some time to rebound. Other platforms would be happy to take the business. And you would be OUT OF TROUBLE!
All you have to say is … were taking 6 months off to avoid all of the exposure. It wouldnt be a lie either. It would really suck if your the reason the crypto world completely collapsed. The regulators would have a field day. Dont make this the worst week of your life! There s still time but its almost out for you!
After the first collapse you don’t think their not going to send you to jail do you.? You have a small window to make this right, so make it happen!!