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The Only Problem With Cryptocurrency Is People
Coinbase is a large publicly traded company with audited financials and shareholders. You can make a very convincing argument about why an organization like Coinbase its existence revolves around not imploding. I will keep the majority of my stuff on a hardware wallet, because I think that's the thing that I trust the most. If you live in an apartment full of roommates with doors that don't lock, keeping your seed phrase anywhere in that situation is pretty risky. Your physical situation determines a lot of your security apparatus.