Currently storing ETH on coinbase because of how easy it is to stake, but I was wondering if there are any safer options out there to self custody and stake ETH
Currently storing ETH on coinbase because of how easy it is to stake, but I was wondering if there are any safer options out there to self custody and stake ETH
How can you be so sure of that?
Nobody can, but if you had to pick an exchange then Coinbase would probably be one of the safest.
Luckily you don’t have to pick an exchange, you are free to custody your own funds (which is the whole reason crypto exists). So if you don’t want to take any chances on the solvency of a centralized entity just get yourself a Trezor and self custody.
Bizarrely enough, being a publicly traded company makes me feel a bit secure. However, it’s best not to leave all your money in one spot. I keep 1/3 on coinbase and 2/3 on a ledger. Hell, i Might lose the ledger! My kid thought it was a USB drive and was trying to use it to store some kind of 3d printer file!
I’m like…dude, that’s not for you.
Losing the ledger itself is not a problem.
Blackrock.