Coinbase, Exchanges

Is Your Money Safe on Coinbase?

When it comes to buying and selling cryptocurrencies, Coinbase is one of the most popular exchanges out there. But is your money safe on Coinbase?

Here’s a quick rundown of Coinbase and how it works. Coinbase is a digital asset exchange company headquartered in San Francisco, California.

They broker exchanges of Bitcoin, Ethereum, Litecoin, and other digital assets with fiat currencies in 32 countries.

Coinbase was founded in 2012 by Brian Armstrong and Fred Ehrsam. Armstrong is the current CEO of Coinbase.

As of May 2017, Coinbase had 7.4 million users with over $1 billion in transactions.

NOTE: WARNING: Investing in digital currencies involves significant risk and can result in the loss of your invested capital. You should carefully consider whether investing in digital assets is suitable for you based on your financial circumstances. Coinbase is a regulated cryptocurrency exchange, but there is no guarantee that your money will be safe. Cryptocurrency exchanges are vulnerable to cyber-attacks, which may lead to the loss of funds stored on the platform. Furthermore, Coinbase does not insure customer funds against any losses, so it is important to manage your risk appropriately.

Coinbase is a digital asset exchange company headquartered in San Francisco, California. They broker exchanges of Bitcoin, Ethereum, Litecoin, and other digital assets with fiat currencies in 32 countries. Coinbase was founded in 2012 by Brian Armstrong and Fred Ehrsam.

Coinbase is one of the most popular cryptocurrency exchanges out there, but that doesn’t mean that your money is safe on Coinbase. In fact, there have been a number of security breaches on Coinbase in recent years.

In 2016, Coinbase had to shut down its exchange for several days after a DDOS attack. And just last year,Coinbase was hacked to the tune of $30 million worth of Bitcoin being stolen .

So what does this all mean for you? If you’re thinking about using Coinbase to buy or sell cryptocurrencies, you should know that your money is not safe on Coinbase . There have been too many security breaches for us to feel confident about storing our money on their platform.

If you do decide to use Coinbase , be sure to store your coins in a wallet off of their platform.

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