It is no secret that cryptocurrency exchanges have been hacked in the past. In fact, it seems like hardly a week goes by without another exchange being hacked and user funds being stolen.
This has led many people to wonder if their Coinbase account can be hacked.
The short answer is yes, your Coinbase account can be hacked. However, there are some things you can do to minimize the risk of this happening to you.
First of all, it is important to use a strong and unique password for your Coinbase account. Ideally, your password should be at least 8 characters long and include a mix of uppercase and lowercase letters, numbers, and special characters.
Avoid using easily guessed words like “password” or “1234”.
Secondly, you should enable two-factor authentication (2FA) on your account. This will require you to enter a code from your phone whenever you login to Coinbase, making it much harder for hackers to gain access to your account.
Finally, make sure you are only storing a small amount of cryptocurrency in your Coinbase account. If you have a large amount of cryptocurrency, it is best to store it in a offline wallet where it cannot be accessed by hackers.
By following these simple steps, you can help protect your Coinbase account from being hacked.