Why is it safer to keep your bitcoins offline than online on Coinbase?
Why is it safer to keep your bitcoins offline than online on Coinbase? I'm trying to think of a good way to store my bitcoins somewhere but I can't really think of a way to do it without 1) having something physical (eg. USB key) that can get lost or destroyed 2) having some sort of password (that I can forget) The problems with either of those things is I'm planning on leaving my bitcoins to sit for a long time so by the time I need to sell them, I may not be able to remember all the details. I was thinking maybe I should just leave my coins on Coinbase. At first that sounds more risky giving my coins for somebody else to manage, especially given what happened to Mt Gox. However, whilst cryptocurrency is kind of like the wild west, Coinbase is a legitimate company. They're also fully insured so if they do get hacked, it doesn't sound like I would be on the hook for any loss. In addition, accessing the coins requires two factor authentication and furthermore, th...