Integrity of coinbase
Why use coinbase if you can use individual wallets and different encrypted emails with different names and passwords to trade individual cryptos to keep all your activity safe from hackers so no one knows who you are or what you are trading...I do not like visibility of trades...you may need 2 or 3 different wallets just to trade bitcoin so no one tracks your activity.
You could use individual wallets to store small amounts of cryptocurrencies. But for large amounts of coins, it is better to store at a high secure place such as Coinbase. In the past, you can purchase and sell in Coinbase free but they started to charge transaction fees now. https://smartphones.gadgethacks.com/how-to/coinbase-101-fees-fine-print-you-need-know-before-trading-bitcoins-other-cryptocurrencies-0181630/ However, to answer you question, you do not need to pick Coinbase as long as you are sure your coin store in the highly secure wallets or other methods.
Hungry for knowledge?
New guides and courses each week
Looking to invest?
Market data, analysis, and reports
A community of blockchain experts to help
Get started today and earn 4 bonus blocks
Already have an account? Sign In