Coinbase, Exchanges

Does Coinbase Cover Theft?

Coinbase, one of the most popular cryptocurrency exchanges, does not cover theft. This is according to their user agreement, which states that users are responsible for their own account security.

This means that if your account is hacked or your funds are stolen, you will not be able to get a refund from Coinbase.

While this may seem unfair, it is important to remember that Coinbase is a business and not a bank. They are not obligated to cover losses due to theft or fraud.

This is why it is so important to take measures to secure your account, such as enabling 2-factor authentication and using a strong password.

If you do have your funds stolen from Coinbase, you may be able to get some help from your credit card company or bank. However, this is not guaranteed and you will likely only be able to get a refund if the theft was due to negligence on Coinbase’s part.

In conclusion, while Coinbase does not cover theft, users are still responsible for their own account security. This means that it is important to take measures to protect your account, such as enabling 2-factor authentication and using a strong password.

If your funds are stolen from Coinbase, you may be able to get some help from your credit card company or bank but this is not guaranteed.

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