Coinbase has been a popular choice for those looking to invest in cryptocurrencies for a while now. But is it safe? The answer may not be as simple as you think.
On the one hand, Coinbase is one of the most well-known and well-respected exchanges in the industry. They have been around for several years and have built up a good reputation.
They are also one of the most user-friendly exchanges, which makes them a good choice for those new to investing in cryptocurrencies.
On the other hand, Coinbase has had its share of security issues in the past. In 2016, they were hacked and over $30 million worth of Bitcoin was stolen.
This is a big red flag for many potential investors who are wondering if Coinbase is safe.
So, what’s the verdict? Is Coinbase safe? Overall, we would say yes. While they have had some security issues in the past, they have taken steps to improve their security and have a good reputation in the industry.
If you’re new to investing in cryptocurrencies, Coinbase is a good choice for you.