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In this video, I discuss the risks of leaving your Bitcoin on an exchange. Your account can be frozen by the government or company, or the Bitcoin can be stolen and there may not be enough insurance coverage to make you whole.

Further, Coinbase has just disclosed that any Bitcoin stored on their exchange could be liquidated and used to pay off creditors in the event of bankruptcy.

"Not your keys, not your coins." Many people are unfortunately going to have to learn this lesson the hard way over the coming years.

Not investment advice! Consult a financial advisor.

The Best Ways To Store Small and Medium Amounts of Bitcoin:
   • The Best Ways To Store Small and Medium Am...  

Best Way To Store Large Amounts of Bitcoin (Multi-Sig):
   • Best Way To Store Large Amounts of Bitcoin...  

When the US gov stole all the gold:
https://en.wikipedia.org/wiki/Executi...

Bitcoin confiscation poster:
  / 1  

Coinbase SEC filings:
https://investor.coinbase.com/financi...
https://d18rn0p25nwr6d.cloudfront.net...

Brian Armstrong says don't worry:
  / 1524233480040710144  

Coinbase bleeding money:
https://coingeek.com/coinbase-loses-4...

Coinbase financials:
https://finance.yahoo.com/quote/COIN/...

Prediction of UST/LUNA implosion:
   • Terra Luna Buying Bitcoin Billions  

UST imploding:
https://coinmarketcap.com/currencies/...

LUNA imploding:
https://coinmarketcap.com/currencies/...

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I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Bitcoin
#Coinbase

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