Coinbase, Exchanges

Has Anyone Lost Money on Coinbase?

It is no secret that many people have lost money on Coinbase. The popular cryptocurrency exchange has been around since 2012 and has been involved in several major hacks, scams, and thefts.

In fact, just last year, over $30 million worth of Ethereum was stolen from Coinbase’s hot wallets.

While Coinbase has reimbursed customers for losses in the past, it is not always possible to get your money back. This is especially true if you are using an unregulated or unlicensed exchange.

Coinbase is not the only exchange that has been hacked. In fact, all exchanges are vulnerable to attack.

This is because cryptocurrencies are stored online and can be accessed by anyone with an internet connection.

The best way to protect yourself from losing money on Coinbase or any other exchange is to store your cryptocurrencies offline in a cold wallet. Cold wallets are not connected to the internet and are therefore much more secure.

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