It’s been a little over a year since Coinbase, one of the most popular cryptocurrency exchanges, was founded. In that time, it has built up a user base of over 13 million people and has become one of the most trusted brands in the space. But is Coinbase a risk?

There are a few things to consider when thinking about whether or not Coinbase is a risk. The first is that, like all exchanges, Coinbase is a central point of control for your funds. This means that if Coinbase were to be hacked or taken offline for any reason, you would not be able to access your funds.

This is why it’s important to always store your cryptocurrencies in a wallet that you control (e.g. a hardware wallet like the Ledger Nano S) and not on an exchange.

Another thing to consider is that Coinbase has been known to be very slow in adding new coins to their platform. This can be frustrating for users who want to trade new coins as soon as they come out, but it also adds an element of risk.

If there’s a new coin that you want to trade but Coinbase doesn’t support it yet, you may have to go through a more complicated process of buying it on another exchange and then transferring it to Coinbase. This takes time and effort, and there’s always the potential for something to go wrong in the process.

Finally, it’s worth noting that Coinbase has been known to be very strict when it comes to account verification and KYC (know your customer) requirements. This can be frustrating for users who just want to quickly buy or sell some cryptocurrencies without having to jump through too many hoops, but it does help to protect users from fraud and theft.

So, is Coinbase a risk? There are definitely some risks associated with using the platform, but overall it is one of the more trusted and user-friendly exchanges out there. If you take care to store your funds safely offline and are patient with new coin listings, Coinbase can be a great place to buy and sell cryptocurrencies.