Since its launch in 2012, Coinbase has become the most popular way to buy and sell cryptocurrencies. In the past few years, Coinbase has added new features, such as a cryptocurrency exchange, a brokerage service, and a wallet. But is Coinbase safe?
The short answer is yes. Coinbase is one of the most popular cryptocurrency exchanges and allows you to buy and sell cryptocurrencies with ease.
Coinbase also offers a brokerage service which makes it easy to invest in cryptocurrencies. In addition, Coinbase has implemented multiple security measures to keep your account safe.
However, there have been some security concerns with Coinbase in the past. In 2016, there was a data breach in which hackers gained access to customer names, email addresses, and phone numbers. However, no financial information was compromised.
In 2017, there were reports of customer accounts being hacked. However, it’s important to note that in both cases, Coinbase reimbursed customers for any losses incurred.
Overall, Coinbase is a safe and secure platform to use when buying or selling cryptocurrencies. However, as with any online platform, it’s important to take precautions to keep your account safe.