Coinbase are not adding alt coins
Recently the cryptocurrency community was under the impression that large online exchange Coinbase was going to be adding new coins to their exchange. As of now Coinbase only allow Bitcoin, Bitcoin Cash, Litecoin & Ethereum to be traded on their platform. The coins predicted that were going to be added where Ripple, Dash & Monero. However, Coinbase officially announced that they are not implementing any new coins.
Coinbase official statement.
As of the date of this statement, we have made no decision to add additional assets to either GDAX or Coinbase. Any statement to the contrary is untrue and not authorized by the company.
This was quite upsetting for the community as the price for these coins was surging in hype of the implementation of these coins. Ripple peaked to 23000 stats, now its sitting at 15000. Thats a huge drop in value. For those who bought our the peak, sit tight & hodl.
Since then also the alt coin market has seen massive drops across the board. Stellar lumens have dropped 40% in value Just stick tight and hold.
When holding coins its best to keep them stored in a hardware wallet. This is because nobody is able to hack into your hardware wallet. Keeping them on an online exchange for long periods of time has this risk. You can buy Bitcoin hardware wallets at many online retailers such as amazon or ebay.