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There are many historical examples of loss due to custodial wallets: Bitcoinica, Silk Road, Bitfloor, MTGOX, Sheep Marketplace, BTC-e, Bitstamp, Bitfinex, Bithumb, Cryptsy, Bter, Mintpal and many more "Isn't it just like keeping your money in a bank?" The following is a quote of waxwing on reddit: There are trade offs with everything, but trusting Coinbase with your Bitcoin is not the same as trusting a bank with your dollars: Suppose 5 people are needed to access the funds, within...