Coinbase is a Growing Threat to Crypto Sovereignty

[@CryptoTips]

Want to stay educated? Go here: learningcrypto.com/

[@chopsinistra4860]

Love this. You saved me through your relentless advocating for self custody. And now you’re continuing to save others by pointing out fundamental issues, like the Coinbase centralization risk, while I’m sure you don’t need to (for financial reasons), given your time in the market. You guys are real gems 🙏🏻

[@more_money5583]

CIRCUITS OF VALUE COVAL A GOOD PLAY?

[@chopsinistra4860]

@@more_money5583 I’m not at all interested in your degener@te cr@p coin

[@Timas_Arya]

Day by day, Coinbase is sounding more like an arm of the government. Thanks Heidi!

[@granth9542]

It has been since the beginning.

[@Timas_Arya]

@@granth9542 wish I knew….

[@more_money5583]

CIRCUITS OF VALUE COVAL A GOOD PLAY?

[@merlinsreturn]

They went after Binance to destroy competition to Coinbase. CZ will be out in a few weeks. I hope he stages a comeback or creates a new company.

[@Charlie-phlezk]

Self custody was taught by Mt Gox. Keep spreading the message!

[@winter-warehouse_com1153]

Can you recommend a way to on ramp usd with something other than coinbass ?

[@channel1_channel]

Coinbase is not forcing anyone to do anything. They offer a service, and include a SELF-CUSTODY wallet option. That is it. Coinbase is not stopping anyone from buying crypto from anyone.

[@mrmayhem88]

But dont you see The problem here?

[@Zmej420BlazeIt]

that's fine but I stopped using coinbase in 2013 because they were filling my orders at significantly different prices than quoted and with serious delays, like up to a week to fill an order. They have been a shady business since day one, and their success is completely predicated on having a slick interface and regulatory compliance.

[@more_money5583]

CIRCUITS OF VALUE COVAL A GOOD PLAY?

[@stevekellersbmws9970]

Coinbase would not let me have my crypto and would not give a date when I could withdraw it. I cashed out and moved to Kraken. No problem with Kraken so far. Coinbase is not trustworthy from my personal experience.

[@aeligos]

Crypto Tips, Is this [the feds] why social media tends to report negatively (or not at all) upon Cardano and ICP and other platforms that support the decentralization narrative?? Will coinbase delist ADA/ICP? 🤔

[@mrmayhem88]

Thsnks for this, this is The bwginnimg guys. Be safe out there 🙏🙏

[@BobthePilot]

Nice report

[@CryptoTips]

Thanks!

[@NeuroPulse]

We are the cattle. Regulations are the funnel. Coinbase is the kill box.

[@tovarco]

And we fellow crypto owners in the USA do ourselves no favors by sitting and watching. I hope we dont regret that down the road. We should forming our own crypto political party. Once again I just smh at ther red/blue crypto voters....wondering what they are doing.

[@Joystickoperator]

So what to actually do?

[@sssssnake222]

Vote Trump if you love crypto

[@tovarco]

@@Joystickoperator Vote out all non-crypto friendly politicians. Dont go by color.

[@tovarco]

@@sssssnake222 All talk just to get votes sadly. I dont believe either of the red/blue team.

[@didactica9326]

I plan on taking profits legally so I’m not worried how centralized my exchange is. There is no ‘free’ economy when government money rules, fight this all you want but I choose to use my energy on things I can change paying taxes where necessary for peace of mind. The USA is still a great country to live in

[@scotth5237]

Yes Federal Reserve notes are the worst kind of company scripp!

[@MortonT1958]

I’d rather pay my correct U.S. taxes and sleep well at night. I don’t have an ideological axe to grind. Whatever income and capital gains tax rates are set are simply something to plan for.

[@joshuamurray9403]

Fuck the government!!! I won't pay the beast that exists on the throne!

[@littlered7820]

@@MortonT1958 You do realize that's a moving target, right ?....stay neutralized and they gonna tax the cattle into poverty.

[@SpikeyOfficial]

Is holding a coinbase wallet the same then or?

[@davidtan6084]

Cannot invest in a decentralised asset from within a centralised and manipulated system. Self custody your coins in a hardware wallet.

[@JorgeRodriguez-iq7vb]

I can't wait to get out of this country. George Carlin told us how everything really was/is/will be.

[@reylove33]

I was told by my CPA that only off ramping crypto to fiat is a taxable event. Crypto is property. A lot more to it but he said people are volunteering their trades when they don’t legally have to.

[@NaperekorSoodbe]

Thank you! You guys are great. The videos are packed with great info and philosophy.

[@ytrgacc1976]

Cex’es are becoming a problem because not everyone is on every exchange allowed, so a part of the liquidity sitting in these columns. We need a cex on icp which can connect to alle dex’es!

[@cryptochurch3310]

Wow. What ramps can we use besides Coinbase if USA bound?

[@sylvesterstallone9019]

Great advice 😊

[@jerrysaylor8910]

Coinbase is not only a bank as someone mentioned on this thread they are also collecting unnecessary information that's mind-boggling

[@jeremywulff9947]

Buy Tangem, become your own bank , goodnight

[@cryptomiikey]

Great info thank u both

[@johnborrego1187]

Thanks for the info. Your appreciated.

[@jal75]

Which DEX exchanges do you recommend?

[@jimcuddy7407]

Love your videos

[@hawsktf]

Thanks Heidi! How does 'bitcoin get seized'?

[@dwaynejones1555]

Coinbase is a central point of failure or attack.

[@ing5088]

That’s why we need Pulsechain!

[@HowardARoark]

Yes, spot on. Very valuable skill.

[@nobodynothing9950]

sounds like I need to be in COIN stock

[@WillS-pl8wg]

Absolutely.This time next year cb stock🚀🚀

[@littlered7820]

@@WillS-pl8wg Ok, support the very entities stealing your freedoms.

[@draterlarebil4506]

Well said Heidi 😂😂😂

[@msporter1]

are we giving too much control to Coinbase? I only have a fraction of my shit with them even though I think they might be the next crypto bank of the world

[@Eyelash85]

What I do not like about Coinbase are the 3% they take from every transaction. Difficult to make a profit like that.

[@pjones9088]

Great upload.... 🏄‍♂

[@dijidal]

$32.5 million? Sure thats not billion?

[@rkeyology81]

What do you think the tax implications for the ASI token swap will be for US citizens? Is this considered a chain fork?

[@douglaswilliams774]

Have you heard of the exchange called Nexo ?

[@ctla8779]

Is Bisq the only off-ramp in the USA? Thx

[@CryptoTips]

Bisq is a great DEX, is doesn’t have a geolocation.

[@ListenToMeSlowly]

Coin base is a bank

[@vapesnob7603]

How do you cash your money out of a self custody wallet?

[@CryptoTips]

Send it to an exchange to trade.

[@Miner-dyne]

@@CryptoTips maybe you guys should do a refresher on this? There are a bunch of folks new to the game that seem to confuse holding, and trading. It amazes me that there are people who would not leave all their money in a Chase account, but would leave it on Coinbase. (For anyone reading this - if you don't hold the keys, you don't own the coins. same for cash. same for gold.)

[@vapesnob7603]

@@CryptoTips So in the end it still isn’t private if I have to send to an exchange anyway.

[@luapnomis21]

ASI Happiness comes from within 😮

[@vince2837]

I wish you would actually show us the articles you are referring to. We need receipts to show what you are talking about or is thus your opinion.

[@gregburke0073]

Name a good reliable decentralized crypto exchange please

[@Yobinski4900]

Like the slightly longer video here🎉 George Carlin shout out! I knew I liked you guys for a reason ❤

[@CryptoTips]

Thanks! ☺️

[@johnmacmac7550]

And where can I exchange crypto for currency without exchanges like coinbase

[@AFTone144]

Bisq App, peer to peer trading

[@dwaynejones1555]

Uphold, MoonPay, etc.

[@CryptoTips]

Bisq

[@v.garcia3083]

Only btc​

[@jerrysaylor8910]

I agree 100%

[@KaiGerdesSporthorses]

Good time of buying COIN stock 😂🤘 the problem is, that Coinbase is very easy to use, and regulated. Aka the people fell save there. My tip: buying btc on Coinbase and withdraw it to a hardware wallet. Than your btc is save

[@donovanada]

Wonder why SEC doesn't trash CB? This is why

[@sunrisesurf]

so what wallet would you guys recommend we store our crypto on? a ledger nano x?

[@forsee13]

Yea I wonder about that too if Ledger is still a safe option to store crypto long-term

[@phillipsjuan3871]

It is. They never went through with the draconian feature.

[@AFTone144]

Despite all the FUD, Ledger has the highest level of 3rd party confirmed security

[@larrylewis6725]

Would Tangem be a good cold wallet?

[@sunrisesurf]

They tell us not to use coinbase but won't give us a recommendation on what to use

[@Ashley-nk3we]

Heidi is awesome

[@sssssnake222]

When you self custody, you eliminate coin bases possibility of buying the coins later for much cheaper than you paid for them. And this would result in never having an all-time high again.

[@davec3376]

If Coinbase was hacked, by for example, a certain country. Given the vast number of 'unhappy' customers it would create 2 potential excuses.......1 people might accept action against the hacker and 2 it could be used to 'prove' that 'crypto' is BAD, but Gov Coin is good....just guessing of course!

[@lydia7855]

they need it. coinbase's liquidity is getting worse and worse. wouldn't be surprised if they go bankrupt soon. no one wants to use an exchange that always stops withdrawals. 🙄

[@nisbit3883]

BTC 59k

[@jesselee4405]

I had my btc wrapped up in Robinhood where I created a RH wallet, then sent it to my hardware wallet. Have I done this the wrong way if I wanted to be anonymous?

[@WinterDomeFly]

Personally I would have created a throw away wallet, such as Electrum or Sparrow to receive the bitcoin from the exchange, then transfer it from the throw away wallet to your hardware wallet. Electrum and Sparrow allow you to create wallets at the press of a button so if you make a fresh one for every time you want to receive or move crypto from your hardware wallet it adds an extra layer of seperation

[@keepitsteady777]

All I heard was buy coinbase shares and/or call options

[@Leonardo-Ashton]

Coinbase has pulled it off once more. How many palms did they grease for this to unfold? Their skill at influencing politicians to turn a blind eye seems to be improving.

[@chelsonnen6080]

Coinbase will be the point of BTC confiscation in the future...during the next world depression IMO.

[@littlered7820]

Yes..they were birthed with some alphabet agency in the background.....controlled opposition as they say.

[@davidpark2509]

When do you suspect that might be? In the next 2-3 years?

[@chelsonnen6080]

Hard to say, but probably quicker than most expect. Your guess is a good one.

[@douglaswilliams774]

Heidi Rules ! 🎉😊

[@alleyjoy2307]

Thanks for this reality check about Coinbase… I wanted to think they had good intentions. 😏

[@fantomania228]

huge opportunity for back room deals for Coinbase 😂

[@jerrysaylor8910]

Coinbase takes Kyc to a whole new level

[@billfrenger8955]

Thank you Heidi. Even if Blackrock gave people "their" Bitcoin they are already 'KYC'd" into Bitcoin.

[@channel1_channel]

Blackrock's clients generally won't care for self-custody. Russell Brand allegedly lost access to 1000 btc he was given 10 years ago.

[@nisbit3883]

btc 57k

[@cpg1388]

TRON

[@yahani-stocks]

Coinbase is probably happily agreeing so they can gain favors...

[@fstover5208]

I think maybe QFS (Quantum Financial System) might be a good alternative to Coinbase (?), removes 3rd party.

[@Charlie-phlezk]

Always has been, yeah.

[@alexkuvalja6770]

Coinbase is a shitshow to be avoided at all costs. I cannot understand people using Coinbase

[@edengardeningtowers4923]

I use coinbase😊

[@alexgr7e]

Well, the end result will still be Coinbase going bankrupt from that lawsuit.

[@paradise6606]

Give us names of a decentralized exchange please we can use from the USA.

[@davidbanner6104]

Yup

[@ritmos2380]

About time

[@ese927]

Some lower courts have shitey judges

[@artspark7697]

Coinbase is not a threat to anything. IT provides a valuable service on a safe platform. Stop spreading misinformation.

[@raurmanproductions3438]

Coinbase isn't just a simple exchange, they are trying to create a 21st century financial platform. You can bash it all you want but it is completely unavoidable. And if you want the baby boomer generation and old Gen xers to jump in to the cryptocurrency space then you need to have a platform that somewhat resembles the legacy financial system to bring them and all their old money into crypto. My advice to millennials and Gen zeers is to get your assets off the exchanges and into cold storage. Let the older generations cling to antiquated models and take all the risks that come with it.

[@grizzlymack8494]

The criminal Coinbase will not let one transfer your cryptos bought on their exchange to your wallet! BS!

[@womblestacker7993]

The only case we won't know about is ripples

[@1967MGC]

Those of us who have to pay taxes buy Bitcoin ETFs in tax-free and retirement accounts for the tax benefits; however, I also hold an equal amount of 'physical' Bitcoin for insurance.

[@littlered7820]

No human being is supposed to pay extortion fees.....oops, 'tax'

[@1967MGC]

@@littlered7820 I'd expect to pay some tax, but the gov't spends too much and therefore takes too much. If we paid no taxes, the country would look worse than a bombed out Bangladeshi suburb. Plus, we'd have to shop Road Warrior style due to no police. I doubt we'll ever have fair taxation. And I have no choice to move due to caring for my ageing parents.

[@littlered7820]

​@@1967MGC Actually, that's a fallacy that's been indoctrinated into us - in short, majority of all state contracts are executed by private sector anyway, not government....with only about 5% of all tax actually returning back to the citizens in a net effect [ the so called 'roads', 'security', 'schools' and all the lame excuses they give us ]

[@jontukagam3888]

I remember when these guys said Coinbase is next to go bankrupt hahaha 😂

[@ShSh-jk3dx]

👍👍👍

[@genesis3157]

“honest crypto currency companies”. That’s funny.

[@DanielMurrey]

Get out of the US, get a new citizenship. Renounce your US citizenship. If they audit your taxes you're screwed. Comply with all your tax laws and stay out of jail until you can get to a friendly or inept jurisdiction.

[@gilbertgrejp]

Did you buy 0x0 yet?

[@scotth5237]

Yeah a long time ago

[@solavax]

Business is business I guess 😂

[@ShSh-jk3dx]

👍

[@vktravellog1242]

Sounds like coinbase has been govermentized

[@metalgirl]

I hope Blackrock doesn’t buy Coinbase…. That would be bad!! Also, Heidi, the decentralized dex that you use to talk about is VERY VERY LIMITING!!! Thx for the info.

[@sbcchartering4764]

Revolut the best…..

[@sssssnake222]

I am coinbase

[@drtkn10]

Don't care. Make money

[@dijidal]

Central Bank Digital Coinbase 😂

[@john-vv1ln]

you only look at the cons, the pros is that coinbase will provide more liquidity in the market, isn't that what we want?

[@littlered7820]

Liquidity at the cost of all else ? No tks..... Anyway, the tether to fiat is what is causing all these conflicts. Ppl haven't bothered to actually read the Sat White Paper....peer to peer is what it is all about. Period.

[@lastofthe8dayoldcollardgre4]

Make-up is back, thats my girl!!!

[@TyyGary-o4g]

More so now that the Border is gone!

[@davidtan6084]

HSBC, and all kinds of transnational tax planning tricks, remember the Panama papers and paradise papers..?

[@longevityisthekey7982]

Just a little bit paranoid.

[@CryptoTips]

I think you mean experienced

[@longevityisthekey7982]

Truly unless I was holding it in my own hands I'm left to trust somebody or something. Self custody wallets have been hacked. I have my crypto in a wallet, coinbase and a Roth Ira. I appreciate your contribution to helping people with qualified advice. Cheers

[@robadams7233]

How decentralized is that Ethereum now?...🤣🤣🤣🤣🤣