When it comes to online security, Coinbase is one of the most trusted names in the business. The popular digital currency exchange has been working hard to keep its users safe and secure, and it has even gone so far as to insure its user accounts in the event of a hack.
But is Coinbase really insured if hacked?
The answer is a resounding yes. Coinbase has a $5 million insurance policy that covers user accounts in the event of a hack.
NOTE: Warning: Coinbase does not provide insurance for individual accounts if they are hacked. It is the responsibility of each user to take the necessary steps to secure their account and protect their information. Coinbase provides security measures, such as two-factor authentication, which can help protect your data, but it is up to the user to use these measures effectively.
This policy is in addition to the company’s own internal security measures, which are designed to prevent hacks in the first place.
So, if you’re worried about your digital currency being stolen by hackers, you can rest assured that Coinbase has you covered.