It’s no secret that the cryptocurrency industry is fraught with scams and hacks. So, is your money safe in Coinbase?
In short, yes. Coinbase is one of the most popular and well-funded exchanges in operation today.
They have a long track record of being a reliable and secure platform for buying and selling cryptocurrencies.
NOTE: WARNING: Investing in cryptocurrency is a high risk activity and there is no guarantee that your money will be safe in Coinbase. All cryptocurrency investments are subject to market volatility and risks including loss of principal. It is important to understand the risks associated with investing in cryptocurrency before using Coinbase. Additionally, it is important to note that Coinbase does not provide insurance for your cryptocurrency funds and should not be used as a bank account or wallet.
Of course, no system is 100% secure, and there have been a few high-profile hacks of Coinbase in the past. However, the company has always been quick to reimburse users for any losses incurred.
In addition, Coinbase keeps the vast majority of customer funds in “cold storage” offline – meaning that they are not accessible to hackers even if the exchange is compromised.
So, while there is always some risk involved in using any digital currency exchange, Coinbase is about as safe as it gets.
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It’s no secret that cryptocurrency exchanges have been hacked in the past. In fact, it’s become somewhat of a commonplace occurrence. So the question begs, is your money safe with Coinbase?
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When it comes to your hard-earned money, you want to be sure it is safe. So, does Coinbase keep your money safe? Let’s take a look.
