Coinbase, Exchanges

Is Coinbase Trustworthy?

Coinbase is a digital asset exchange company founded in 2012. The company is headquartered in San Francisco.

Coinbase allows clients to buy and sell digital currencies such as Bitcoin, Ethereum, and Litecoin.

Coinbase has been embroiled in several controversies. In 2016, the company was accused of insider trading after it was revealed that employees had been buying and selling Bitcoin before and after the launch of new features on the Coinbase platform.

NOTE: WARNING: Coinbase is a virtual currency exchange that is not regulated by any government or financial institution. As such, it is important to exercise caution when using Coinbase for any transactions. While it is generally considered to be trustworthy, there have been reports of fraudulent activity and hacks resulting in loss of funds. Therefore, it is highly recommended to take extra care when using Coinbase and always research the company and its services before engaging in any type of transaction.

In 2017, Coinbase was accused of overcharging customers for Bitcoin purchases. And in 2018, the company was criticized for its decision to not allow trading of certain cryptocurrencies on its platform.

Despite these controversies, Coinbase has remained one of the most popular cryptocurrency exchanges. It has over 13 million clients and processes over $150 billion in transactions per year.

So, is Coinbase trustworthy? Overall, yes. The company has built up a good reputation and has taken steps to improve its transparency and customer service.

However, there have been some instances where Coinbase has fallen short. If you’re thinking about using Coinbase, it’s important to research the company thoroughly and understand the risks involved.

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