Straight up, lots of people side-eye Coinbase when it comes to keeping their crypto safe. I've heard from my friends and online that even though it's a huge company, it's still an exchange, and if you leave your coins there, technically Coinbase controls your private keys, not you. So if anything happened to Coinbase, your crypto could be at risk.

Now, they do have the Coinbase Wallet extension, which gives you more control (you hold your private keys), and that's awesome if you're into DeFi or NFTs. But I remember when the whole FTX mess happened, everyone freaked out about leaving coins on centralized exchanges. Makes you think, right?

So, the risk is more about trusting a company to always have your back. If you really care about your coins, you'll probably want to use self-custody wallets and maybe just move stuff to Coinbase when you want to trade. Sure, it's convenient, but you gotta decide if convenience is worth the risk. I keep only what I'm OK with losing on there, just in case. Gotta play it smart in crypto!