Coinbase, Exchanges

Is Coinbase Wallet a Hot Wallet?

A hot wallet is a type of cryptocurrency wallet that stores private keys in an online environment. This puts the keys at greater risk of being hacked or stolen. Coinbase Wallet is a hot wallet. While it does have some security features, such as 2-factor authentication and a built-in exchange, it is not as secure as a cold wallet.

NOTE: WARNING: Coinbase Wallet is a hot wallet, meaning it is connected to the internet and therefore prone to security risks. It is not as secure as a cold wallet, which is not connected to the internet and provides better protection against malicious activity.

Cold wallets store private keys offline, making them much more difficult to hack. If security is your top priority, you should use a cold wallet.

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