How to take your Bitcoin off Coinbase

 

The DigitalBank is Building the Bank of the Future . The First and Only Decentralized Anonymous Banking System in the World . The DigitalBank is the safest , hacking free vault for Bitcoin and Cryptocurrency , more secured than any cold storage option .

It’s impossible to attack the DGBK device : there are no ports,no backdoors , no keys . 100% impenetrable banking system ever developed .
Problems that the DigitalBank Technology is solving : 
1) Stop Hacking of Crypto Exchanges and Wallets .
2 ) Stop the loss of passwords , usernames and access keys to Bitcoin and  Crypto accounts
3)  Stop the Loss of Hardware Wallets and Paper wallets
4 ) Cryptocurrency custodianship for Institutional Investors , hedge funds and pensions, banks and investment firms

DigitalBank is the ultimate Safe Haven of Bitcoin and Crypto Investors .
There are dozens of ‘hardware wallets ‘ none of them is fully secured , because they actually store the private key inside their device , so that they can be hacked and the private key extracted . The moment the hacker get the private key of your wallet , he can get the funds on the blockchain .
In addition all hardware wallets and online wallets involves a third party , it means the company that runs the hardware wallet holds backups of your private key , and as long as a third party has access to your private key , you are not safe , because your private key is found also in their hands and basically they can take hold of your crypto funds .
With the DigitalBank Cold Storage Device , there is no third party involved , because we never store or know your private key , at any given time .
In the DigitalBank Device , the private key is not stored inside the device . There is nothing to hack actually .
The device does not store and has no way to store private keys, therefore an hacking attack is totally impossible.

 

We are developing the most secured and anonymous Blockchain Bank in the World.

100% impenetrable, hacking free platform for managing safely your Crypto & Financial assets.

We are the Fort Knox of Cryptocurrency and Financial Assets Transfers

Let us know how we can cooperate.

Our email address is [email protected]

 

The DigitalBank
DigitalBank means Guaranteed Lifetime Account Access.
The DigitalBank is a 100% Anonymous Offshore E-Banking System for cryptocurrency .
This is not only a super secured hardware wallet just for crypto storage , but it includes also a full financial crypto managing platform , that let you buy, sell, trade , invest and transform in cash your cryptocurrency holdings

 

The Fort Knox of Crypto Wallets

 https://www.digitalbank.capital/

Taking control of your own money is surprisingly easy but very few people are doing it. Is it time for Bitcoin holders to actually hold their own coins? Photo Credit: Shutterstock December 14, 2018 December 14, 2018
Do you know your Bitcoin private key? How about a seed phrase instead? If you’re looking blankly at the screen right now, don’t worry, help is at hand.

One of the great things about Bitcoin is you can store it yourself. Instead of hiding bags of cash under the mattress, all it takes is keeping one string of alphanumeric digits–or a twelve-word seed phrase–written somewhere safe. This makes it much harder for a robber to steal your money from your house and could allow you to spend money without government interference–yes, Assange, we know you’re reading this.
But not enough of us keep our money safe. According to the Bitcoin rich list , the top 1% of addresses hold more than 90% of the total supply. Some of these addresses are high-net-worth individuals who hold large amounts of Bitcoin, such as the Winklevoss twins but many of them are cold storage–securely held coins–for exchanges. This means the majority of Bitcoin is not held by users but stored on exchanges. While users technically own the funds, they are controlled by the organization running the exchange, like Coinbase or Binance. Some exchanges are even operated by anonymous teams, including Bitfinex and HitBTC. #1 most important rule about owning Bitcoin. If you don’t own the private keys, you don’t own the Bitcoin. Do NOT leave your coins on exchanges!

While keeping ownership of funds has been a principle for old-school Bitcoiners, it often needs reminding to those who are new to the space. To do this, Trace Mayer, host of the Bitcoin Knowledge podcast and investor in crypto exchange Kraken, has created a movement encouraging everyone to take their funds off exchanges, and into their own hands. The “deadline” for this is January 3, although any day afterwards is presumably fine too.

But for the crypto uninitiated it may not be clear what this all means. It’s hard to see why Coinbase is so bad. It all comes down to whether or not you own the private key–or seed phrase–to your Bitcoin address. The private key is what signs transactions, and is a bit like the digital equivalent of a pin number. But, if someone knows your private key–they don’t need to steal anything like a debit card–they can just move your money.

But why not just trust Coinbase? The insurance policy the exchange touts as a mark of security only applies to funds locked away on its online storage, which is only 2% of total customer funds. This means if its cold storage was compromised, the funds may not be covered by Coinbase. And this has happened before, in the case of Trade.io .

But the more pressing issue is, crypto exchanges, in general, have poor security. In fact, total thefts from crypto exchanges have nearly reached $1 billion in 2018 alone. The safest thing is to take control of your own coins and store them securely in your own wallet.

So, what’s the first step? Download a crypto wallet, start with a software wallet for now but read into why a hardware wallet–physical and looks like a USB stick– might be safer . There are many to choose from, including Electrum for just Bitcoin and Jaxx for those who want to experiment with other coins like Ether and XRP. This guide will look at Electrum as it has a straightforward setup and is easy to use.

Once you have downloaded Electrum, you have to decide which kind of security to use for it. The three options are: standard wallet, two-factor authentication and multi-signature. Two-factor authentication adds security by requiring a code to be entered from an app on your phone. This is generally recommended. Multi-signature refers to how many private keys you wish to generate and how many people keys are needed to sign each transaction. For example, the Winklevoss twins might decide to have two separate keys that are both needed to make a transaction so that an adversary could not steal their funds by getting the key from just one twin. You probably won’t need to do that for now.

After selecting the type of wallet and setting up two-factor authentication if desired, you then need to create a key. Click “create a new seed,” and choose either standard or segwit. Segwit is a new type of address that is designed to lower transaction fees for the Bitcoin network as a whole but is not fully supported across the network. Best to choose Segwit and help the network to evolve, unless you need to interact with any non-Segwit addresses–known as legacy addresses–which Binance still uses.
And here they are, those twelve magic words that can secure your financial freedom. This is your seed phrase and can be used to backup your private key–which is hidden within the app but can be accessed. Make sure to write them down in a safe place. If you lose them, you will have no way of getting your funds back if the app ceases to work. And, more importantly, don’t store them on something you might throw away .

Super, you’re in and set up. Now it’s time to break down the wall and take control of your funds. Simply copy your “receiving address” from the Electrum app and paste it into the “sending address” in Coinbase or whichever exchange you use. Select as much as you wish and click send. The transaction will typically take 10-20 minutes but depends upon the current speed of the Bitcoin network.

Now you have money that is in your hands, which you can send to people in other countries cheaply and spend almost anywhere in the world. What a grand day’s work. Related

The DigitalBank Technology will bring the final solution to the public who needs to secure his digital assets and manage them easily on a simple interface.
It will bring a solution to banks that will be able to offer ultra secured cryptocurrency storage combined with Crypto management tools.
It will supply a fully secured cryptocurrency custody solution to large investment firms and institutional investors.
It will supply the insurance companies with a huge new potential business of insuring cryptocurrency holdings of their clients.

 

The DigitalBank Crypto account will be 100% Anonymous, only if the client will not connect it to a FIAT account. It’s like he buys an hardware and software for personal management of his crypto.
Of Course this device can be connected to a real bank account , so that we transform FIAT accounts , to accounts that hold also cryptocurrencies.
The DigitalBank propose the banks a very attractive legal solution to enter the Cryptocurrency field , while increasing their revenues and customer base , at zero costs . The DigitalBank solved forever the Cryptocurrency custodianship issue .
The DigitalBank will allow people to accumulate crypto securely .
We will create MASS ADOPTION of Bitcoin and Crypto . The potential to satisfy this huge demand, is perhaps the most exciting banking development of the past 50 years