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?
The short answer is, yes, your money is safe with Coinbase. But let’s take a closer look at why that is.
Coinbase is one of the most popular cryptocurrency exchanges on the market today. They offer a user-friendly platform and have built up a large user base.
But more importantly, they are a regulated company.
What does that mean? It means that Coinbase must follow certain rules and regulations set forth by the government. This includes things like keeping customer funds safe and segregated from company funds.
It also means that Coinbase is subject to regular audits by financial regulators. These audits help to ensure that customer funds are being handled correctly and that the exchange is following all applicable lAWS and regulations.
So, when you entrust your money to Coinbase, you can rest assured knowing that it is in good hands. They have a strong track record of keeping user funds safe and sound, and they are subject to strict regulation by financial authorities.