Is Coinbase cold storage safe?

If you want to make transactions using the Lightning Network, you’ll need to send some BTC (for instance from your Coinbase account) to a Lightning-compatible wallet . There are dozens to choose from. … Non-custodial wallets: Options include Muun, Breez, Phoenix, and Zap.

Based on the features of hot wallets in the crypto space, Coinbase wallet stores the majority of the crypto coins online. It does not use cold storage services such as hardware wallets and an encrypted data device. However, being a hot wallet, it is also prone to cyber threats and online crypto hacking.

Transfer crypto from your Coinbase account to your Coinbase Wallet

While it is never 100% safe to keep your money on any online exchange, Coinbase has one of the safest web wallets you can use since it holds 98% of its assets in offline cold storage that cybercriminals cannot access .