<p>According to a <a href="https://youtu.be/A1Pl5hYHXiI?t=295" rel="nofollow noreferrer">99Bitcoins video</a> and <a href="https://www.buybitcoinworldwide.com/wallets/online/" rel="nofollow noreferrer">some writing</a>, Web Wallets are to be avoided because they are not secure.</p>
<p>Does that mean when you buy bitcoins on Robinhood, Coinbase, Coinbase Pro, Gemini, or even the trust GBTC, they are all Web Wallets?</p>
<p>I think Robinhood doesn't even allow us to move the private keys to our wallet, while Coinbase, Coinbase Pro, and Gemini do.</p>
<p>GBTC, I am not sure: if they store the bitcoins &quot;cold&quot; in their trust, then maybe it is not as insecure? Robinhood also said they store a good portion of their bitcoins &quot;cold&quot;, and I suppose they only move a small portion to their platform to satisfy the trading or the exchange-for-cash?</p>
<p>So should we consider Robinhood, Coinbase, Coinbase Pro, Gemini, or GBTC Web Wallets and avoid using them for too long but should transfer the private keys into our own wallets?</p>

<wallet><wallet-security>
Do Coinbase, Coinbase Pro, Robinhood, Gemini, GBTC count as Web Wallet?
nonopolarity
# Do Coinbase, Coinbase Pro, Robinhood, Gemini, GBTC count as Web Wallet?

(Asked by: username_0 on 2021-01-31)

According to a [99Bitcoins video](https://youtu.be/A1Pl5hYHXiI?t=295) and [some writing](https://www.buybitcoinworldwide.com/wallets/online/), Web Wallets are to be avoided because they are not secure.

Does that mean when you buy bitcoins on Robinhood, Coinbase, Coinbase Pro, Gemini, or even the trust GBTC, they are all Web Wallets?

I think Robinhood doesn't even allow us to move the private keys to our wallet, while Coinbase, Coinbase Pro, and Gemini do.

GBTC, I am not sure: if they store the bitcoins "cold" in their trust, then maybe it is not as insecure? Robinhood also said they store a good portion of their bitcoins "cold", and I suppose they only move a small portion to their platform to satisfy the trading or the exchange-for-cash?

So should we consider Robinhood, Coinbase, Coinbase Pro, Gemini, or GBTC Web Wallets and avoid using them for too long but should transfer the private keys into our own wallets?

**Tags:** wallet, wallet-security


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## 0 answers

