IS COINBASE SAFE? COINBASE COMPARED TO FTX.

IS COINBASE SAFE? COINBASE COMPARED TO FTX. FTX COLLAPSED BECAUSE THEY WERE USING FTT AS COLLATERAL. COINBASE DOES NOT HAVE A TOKEN SO THIS IS DIFFERENT.

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ABOUT: I'm Zach Humphries and on this channel we talk all things crypto and stocks. We are building a community where we all help each other build our portfolios. I will be here for you every step of the way!

DISCLAIMER: This video is for entertainment and informational purposes only. All of the information here on this channel is for entertainment. I am not your financial advisor. This is all educational content where I can express my opinions and overall thoughts about various assets in the crypto and stock world!

#coinbase #ftx #cryptodotcom

[kalani]

Very well said man! I’ve been seeing the same thing with these exchanges going under and that they rely on their native token as collateral. People keep saying Coinbase is next and they look at me like I’m stupid when I mention that part of the problem is their native tokens used as collateral. Makes me wonder and bnb.

[timnz]

I agree 100 percent. The answer is somewhere in the middle.

[christopherstone]

True story - I was recently using Coinbase to buy crypto. I had $2, 900 in USD cash sitting in my account for over a week. I tried to buy 1.94 ETH. It said the transaction went through. Then, a couple of minutes later, I got an email from Coinbase saying that the transaction had been canceled. It then said that I should try another form of payment. I looked in my account, and the $2, 900 that had been sitting in my account for over a week was gone! Two phone calls, two emails, and two weeks later, I finally got my $2, 900 returned! I got screwed on the deal as the price of ETH had gone up about $100 each. Coinbase sucks!

[coolhead]

Exchanges and ICO owners need to be regulated. But not the investors!

[Futurevisiom]

New subscriber, much needed video in uncertain times .
Ty 👍

[xrpbold]

Binance not safe too because not your keys not your crypto.. it's better to keep in hardware wallet like ledger nano.

[Stopinvadingmyhardware]

No, they will delete your accounts and take your money and pretend that they don’t know who you are.

Ask me how I know.

[lxcruze]

We need congress to write new laws in reference to digital securities and where the lines are drawn between a security amd a non security so companies can grow and thrive in the united states. Then exchanges can be properly audited to make sure things are in compliance.

[troyortiz]

With the number of lawsuits Coinbase faces, I'm pretty sure the money people deposit goes straight to their lawyers and the lawsuit's damages. 🤣🤣

[wc]

What about CBeth on Coinbase? Could that be used in a negative way?

[bmc]

Coinbase is the OG. They made it this far because they had the right recipe. Same with Binance

[CreedOfCrypto]

Great stuff as always Zach. I'm making a video now for what I think may be the final leg down for crypto in Mid-December after the next FED meeting. Generational buy opportunities incoming! Again, appreciate the content and keep up the great work.

[dksharron]

I had money in my cash balance at FTX. Had FTX not used it to lend to Alameda, I would still have my cash, even though FTX could go bankrupt. FTX using FTT as collateral is not smart, but they could still do it and go under without taking customer's funds.

[jayguzman]

Are we going to forget the fact that Coinbase went public even though they weren't registered as a broker yet? Isn't that illegal? 👀

[ultrapiscine]

This is one of the reasons why I don’t invest in BNB, CRO etc. Some may have good gains but you just never know.

[ravenklapper]

The sooner the sec gives the market guidelines the sooner investors will be more protected

[JoeDirt_]

I’d run from Coinbase and I use robinhood bc they don’t stake and only list Blue Chip Cryptos

[berndromer]

In one point you are completely wrong. Not the exchanges give us the freedom that you are talking about at special only the crytos will give it us.

[vikramsharma]

Binance and Coinbase has many skeletons hanging in their closets....

[RedMonster]

Coinbase follows all the United States rules they are very safe