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Do I need a wallet or can I use my coinbase account with mining?


Posts: 5
Customer
Topic starter
(@jessie-considine16)
Active Member
Joined: 2 weeks ago

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? 

8 Replies
Posts: 8
Customer
(@caesar77)
Active Member
Joined: 2 weeks ago

No. Should not use exchange wallets for mining.

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Posts: 4
Customer
(@reilyhardin)
Active Member
Joined: 1 week ago

I have the same question lol

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Posts: 4
Customer
(@yurijoseph14)
Active Member
Joined: 1 week ago

You never want to do this because any online wallet can be hacked. It happens all the time.

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Posts: 10
Customer
(@hallie52)
Active Member
Joined: 2 weeks ago

There are enough non-custodial wallets available I'm not sure why someone would even want to use an exchange.

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Posts: 5
Customer
Topic starter
(@jessie-considine16)
Active Member
Joined: 2 weeks ago

damn, i have had my bitaxe connected to coinbase this whole time. Any recommendations of what I should use instead?

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1 Reply
Customer
(@orrick-lindsay)
Joined: 2 weeks ago

Active Member
Posts: 10

@jessie-considine16 are you connected to the coinbase exhange or the coinbase wallet because those are separate things.

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Posts: 9
Customer
(@jody-parker)
Active Member
Joined: 2 weeks ago

is coinbase wallet considered an exchange?

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Posts: 9
Customer
(@sunny-skies123)
Active Member
Joined: 2 weeks ago

"Not your keys, not your coins."

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