How can I protect my BTC in Coinbase during a fork?

3 answers

• mr_goofy1669Apr 21, 2022 · 3 years ago
  During a fork, it's important to keep your BTC in a secure wallet that you control. While Coinbase generally supports forks and will credit you with the new coins, it's always safer to hold your coins in a wallet where you control the private keys. Consider using a hardware wallet like Ledger or Trezor for maximum security.
  325

  163
• Rakesh KushwahaApr 29, 2021 · 4 years ago
  To protect your BTC in Coinbase during a fork, you can also consider transferring your coins to a reputable exchange that explicitly supports the fork. Research and choose an exchange that has a good track record of supporting forks and ensuring the safety of users' funds. Remember to do your own research and exercise caution when choosing an exchange.
  354

  118
• Abdiel GuzmanMar 18, 2023 · 2 years ago
  At BYDFi, we understand the concerns of users during forks. While we cannot provide specific advice for Coinbase, we recommend following best practices for securing your BTC. This includes using strong passwords, enabling two-factor authentication, and regularly updating your security settings. Remember to stay informed about upcoming forks and take necessary precautions to protect your coins.
  396

  99