As one of the most popular cryptocurrency exchanges, Coinbase is often a go-to option for buying and selling digital assets. But is it safe to use Coinbase?

On the whole, Coinbase is a safe and secure platform. However, there have been some high-profile security breaches in the past, so it’s important to take steps to protect your account.

When you create a Coinbase account, you’ll need to verify your identity. This involves providing some personal information and documentation, such as a driver’s license or passport.

Once your identity is verified, you’ll be able to add payment methods and start buying and selling cryptocurrencies.

Coinbase takes security seriously and has implemented various measures to keep user accounts safe. For example, all passwords are stored using industry-leading encryption standards.

In addition, Coinbase requires two-factor authentication for all account activity.

Despite these security measures, there have been some high-profile security breaches in the past. In June of 2017, for example, Coinbase experienced a data leak that exposed the email addresses of some of its users.

And in May of 2018, a hacker was able to gain access to a Coinbase employee’s email account and use it to compromise the accounts of several high-profile investors.

While these incidents are certainly cause for concern, it’s important to remember that they are relatively rare. Overall, Coinbase is a safe and secure platform that millions of people use without incident.

If you’re looking to buy or sell cryptocurrencies, Coinbase is definitely worth considering. Just be sure to take steps to protect your account, such as enabling two-factor authentication and using strong passwords.