It’s no secret that cryptocurrency exchanges have been hacked in the past. In fact, it seems like hardly a week goes by without another exchange being hit.

This has led many people to wonder whether it’s safe to store their coins on an exchange at all.

The answer to this question is a bit complicated. On the one hand, yes, it is technically possible for an exchange to be hacked and for your coins to be stolen.

However, on the other hand, if you store your coins in a wallet on the exchange, you are entrusting the security of your coins to the exchange.

This is where Coinbase comes in. Coinbase is one of the most popular cryptocurrency exchanges and they offer a wallet service as well. So, which is better? Should you store your coins on Coinbase or in a Coinbase wallet?

The answer to this question depends on how you plan to use your coins. If you plan to trade them frequently, then it makes sense to store them on the exchange so that you can quickly and easily access them.

However, if you’re planning on holding onto your coins for a long time, then it might be better to store them in a wallet off of the exchange.

This is because wallets off of the exchange tend to be more secure since they’re not connected to the internet 24/7 like an exchange is. This means that there’s less of a chance that they could be hacked.

Of course, there are also risks associated with storing your coins off of an exchange. For example, if you lose your private key or forget your password, there’s no customer service team that you can contact to help you recover your coins.

This is why it’s important to make sure that you understand how wallets work before you store any large amounts of coins in one.

So, which is better? Coinbase or a Coinbase wallet? It depends on how you plan to use your coins and how much risk you’re willing to take.