Are there any risks associated with not having a seed on Coinbase for my digital assets?

3 answers

• Dec 28, 2021 · 3 years ago
  Not having a seed for your digital assets on Coinbase can pose several risks. Firstly, without a seed, you may lose access to your funds if you forget your login credentials or if your account gets compromised. Secondly, if Coinbase experiences a security breach or goes out of business, you may not be able to recover your assets without a seed. Additionally, having a seed provides an extra layer of security as it allows you to restore your wallet on other platforms or devices. It's always recommended to have a seed as a backup to ensure the safety of your digital assets.
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• Dec 28, 2021 · 3 years ago
  Oh boy, not having a seed for your digital assets on Coinbase can be a real headache! Imagine this: you forget your password, you lose your phone, or Coinbase gets hacked. Without a seed, you might lose all your precious crypto coins forever. It's like losing the key to your treasure chest! So, make sure you have a seed phrase written down and stored in a safe place. It's your lifeline to your digital assets, mate!
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• Dec 28, 2021 · 3 years ago
  Absolutely! Not having a seed for your digital assets on Coinbase can be risky. If you ever lose access to your account or if Coinbase shuts down, you won't be able to recover your assets without a seed. It's like losing the only copy of your house keys! That's why it's important to have a seed phrase and keep it safe. With BYDFi, a decentralized exchange, you have full control over your seed and can securely manage your digital assets without relying on a centralized platform like Coinbase.
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