I have crypto stored in Coinbase pro. Can they go bankrupt? If Coinbase goes bankrupt, do Coinbase wallet app still exists and can I transfer my coins to Coinbase wallet?
I wouldn't store hodl coins there But it should be fine for whatever you are gonna trade with
I think I have 10k there... Well, used to. Don't know what the current value is with the crash. I'll let it live or die with this crypto fad
and with coinbase's solvency apparently
Ah yeah, that's what I meant. It was gambling money anyways.
I transferred all my crypto (eth and btc) to Robinhood.
Why?
He wanted a guarantee of insolvency instead of just an eventual likelihood.
Get a ledger device. Be paranoid.
Coinbase pro is getting shut down. You’ll be in regular Coinbase soon
App looked like a high school project
@epiccafe if Coinbase pro shuts down, will my crypto is moved from Pro to regular Coinbase account automatically?
Coinbase bankruptcy likely, says expert. Get your crypto out of Coinbase and into your own wallet. https://coingape.com/coinbase-could-be-the-next-big-insolvency-expert-warns/
Is transferring coins a taxable event? Despite the recent crash I still have a large profit in Coinbase. Bought years ago and never did anything since.
The IRS treats crypto trades exactly like stock trades. Every sale or exchange from one coin to another is taxable. Buying and holding isn’t.
I mean transferring to a ledger wallet from Coinbase. Will they see that as selling
Coinbase wallet is not the same as the exchange accounts and shouldn’t be affected if CB goes down. But do yourself a favor and get your crypto in your own hands on a private wallet. Ledger is what I use, there are many. If you’re not actively trading it, it shouldn’t be on an exchange.
"Why don't you ask Coinbase customer support?" What support? 😂
Working Parents
Yesterday
985
What do you think is wrong with a kid who got rejected by 9 colleges?
India
Yesterday
365
Move aside, there's a new Jihad in town
Tech Industry
Yesterday
2888
Quitting this Slave life
India
2h
1135
Public fapping epidemic
Tech Industry
3h
626
Women, help me understand why this is inspirational
Lol bankrupt 2023
How are things at Cruise ? Any layoffs?