If you’re a Coinbase user, you may have noticed a recent change in your account settings. According to the company, they’ve “implemented a new process for customers who send digital currency to an email address.
” This process includes a new mandatory field for users to input their own email address when sending digital currency to another person’s email.
The thinking behind this change is twofold: first, it will help prevent accidental or unauthorized transfers of digital currency; and second, it will protect users in the event that their Coinbase account is ever hacked.
Of course, this new process comes with a few potential downsides. For one, it may make it more difficult for users to send digital currency to friends or family members who don’t use Coinbase.
Additionally, it could add an extra step (and potential friction) to the process of sending digital currency.
Ultimately, though, the goal of this change is to protect Coinbase users from fraud and theft. And while it may not be convenient for everyone, it’s important to remember that security should always be a top priority when it comes to your finances.