Coinbase is one of the most popular and trusted cryptocurrency exchanges in the world. It has been around since 2012 and has grown to become one of the largest and most reliable exchanges in the industry. With its user-friendly interface, secure storage, and low fees, Coinbase has become a go-to platform for many cryptocurrency traders.
But is Coinbase safe today? The answer is a resounding yes. Coinbase has a long history of providing secure and reliable services to its customers. It has implemented a number of security measures to ensure that user funds are safe and secure. These measures include two-factor authentication, secure storage of user funds, and a secure platform for trading.
Coinbase also has a dedicated team of security experts who are constantly monitoring the platform for any potential threats. They use advanced security protocols and technologies to ensure that user funds are safe and secure. Additionally, Coinbase has implemented a number of measures to protect user data, such as encryption and data segregation.
In addition to its security measures, Coinbase also has a number of features that make it a safe and secure platform for trading. For example, Coinbase has a built-in insurance policy that covers user funds in the event of a hack or other security breach. Additionally, Coinbase has a number of features that make it easy to track and monitor user activity, such as transaction history and account activity.
Overall, Coinbase is a safe and secure platform for trading cryptocurrencies. It has a long history of providing secure and reliable services to its customers, and its security measures are among the best in the industry. With its user-friendly interface, secure storage, and low fees, Coinbase is a great choice for anyone looking to trade cryptocurrencies.
30 thoughts on “Is Coinbase Secure Now?”
Best practice is buying on exchange then immediately transferring to cold storage.
Not your keys, not your coins.
Move them to cold storage.
Do not store Bitcoin on other people’s equipment.
Ideally you would want to own the coins in a wallet you have full control over. But that of course comes with its own sets of risk.
Hardware wallets are my suggestion once you get to a point where you have over $1k in crypto. Given that you are far past that I think its time you consider grabbing one. Ledger or Trezor are both great options.
Also avoid discussing online exactly how much Crypto you have. and trust no DMs!
3rd party crypto custodians are never safe. especially now that we know chokepoint 2.0 is underway. just buy and withdraw asap.
Coinbase is one of the best places to buy.
All exchanges are a terrible place to hold.
Get yourself a cold storage hardware wallet and transfer that BTC over ASAP. Then you never worry about any problems with any exchange; you are your own bank.
After everything that has occured in the last year. Why do you still keep your SATs on an exchange?
Cold wallet is generally better. Also no need to disclose your amount of btc
You got it mate. There are many cold storage options, but the best ones, the most secure ones are BTC only. Don’t bother about Ledger or Trezor unless you are collecting shitcoins and even then, consider getting a BTC only device for your BTC.
Swan or a strike might be safer but no place is safe during this attack on the industry
Hello sir, this is nigerian princess with big bobs and clean vagene
Your thoughts are correct. Keep buying from them, as they are very reputable and take your bitcoin off the exchange and store them safely in a wallet. If Coinbase leaves the US due to regulations there will be another exchange to take its place. Coinbase is also a public company that is very good at following the laws. They will give their customers advanced warning before they move or shut down. So keep your ear to the ground.
If you are in the US, look into Swan.
Just buy a hardware wallet and send it there whenever you buy. Exchanges are for … exchanging… it’s in the name really.
If you use the Coinbase vault service you do get better protection, both technically and legally, than just holding it in your account.
You dont own any bitcoin yet. Coinbase owns your bitcoin right now. Buy a hardware wallet and cold store it
Buy and transfer immediately off exchange.
nothing is safe, trust no one, self custody
BTC has never been unsafe in its ~14 year history. Many exchanges throughout it’s history HAVE been unsafe.
User errors sure, lost BTC on exchanges definitely, lost BTC on lending platforms sure. No private key has ever been hacked or lost.
treat it like they are going out of business any second
If you are buying small amounts slowly use Strike.
Do not use Coinbase for DCA acquisition. It has very high fees.
People say Swan is good too.
Keep your spendables on coinbase and savings in self custody.
If you’re only buying bitcoin use STRIKE
Unless you’re day trading I would have as little funds on exchange as possible for the shortest amount of time.
Idgaf what exchange it is
Let me reword this for you: “is coinbase safe period?”. The answer is No. buy Bitcoin and send to your coldcard asap!
Something I didn’t see mentioned, but send a small amount off exchange to your new wallet before you send it all. Ideally send a small amount, reset your wallet and go through the wallet recovery process at the end verifying you can see the small amount you sent. Once you are comfortable with the process around the small amount it will be less nerve racking and frankly less of a chance you’ll mess up the process.
Be aware that you can get multiple hardware wallets and use the seed key from creating your wallet on the first device to restore it to another, both hardware devices can then sign transactions for your address (essentially two devices with shared access to the same wallet). You can then set each with different unlock pins, store the 2nd somewhere like a safety deposit box where someone who you’d want to inherit the crypto would have access when you pass and you give that person the pin for that 2nd wallet.
I have a Ledger and can buy, sell and swap from there. No need for exchanges
I withdraw off Coinbase after my balance reaches a certain level. Majority is in cold storage so I don’t mine having a minimal amount on exchange.
Depends on your buying plan I guess. I DCA everyday so this works for me
Coinbase was never “safe”. They are a shitcoin company that doesn’t care about their customers or Bitcoin. They also have false advertising on their BTC price, it’s often higher when you buy and lower on their price page.
But non KYC Bitcoin using Bisq or Robosats. Earn no KYC Bitcoin doing something you love. Accept it for your skills and at your businesses.
If you have to use a KYC exchange, use Cash App or Strike as you can withdraw or buy to cold storage instantly.