This is probably a newbie question but do I need to download and set up a wallet or can I just use my bitcoin receive address from coinbase for mining?
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Apr 05, 2025 6:26 pm
12 Replies
Apr 06, 2025 7:42 pm
Use a cold wallet like tangem, trezor, or ledger.
Apr 06, 2025 7:44 pm
I use Sparrow and Coldcard Q. They're easy to configure, I'm happy as a clam. 🙃
Apr 06, 2025 11:31 pm
Jade wallet looks nice, but I'm still in the research phase myself. Any non-custodial wallet should work fine tbh, just need to make sure you are in control of your keys and no one else lol.
Apr 07, 2025 1:49 pm
Picking the best wallet depends on the miner you're using and the coin you're mining.. but generally you can use any hot wallet like metamask, zerion, or trust wallet. Then if you actually find a block send the funds to a hardware wallet like trezor or tangem. 😜
Apr 08, 2025 11:14 pm
No. Should not use exchange wallets for mining.
Apr 08, 2025 11:30 pm
"Not your keys, not your coins."
Apr 11, 2025 12:50 am
There are enough non-custodial wallets available I'm not sure why someone would even want to use an exchange.
Apr 11, 2025 1:28 pm
is coinbase wallet considered an exchange?
Apr 12, 2025 12:52 am
@jody-parker Yes. The issue with some exchanges is that they have minimum deposit amounts so if your block reward is too small it may be lost. Also you essentially have no control of your own money. I read somewhere that if coinbase goes bankrupt the currency held on the exchange could actually be considered part of the bankruptcy estate.. meaning your money would be used to pay off their creditors.
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