Is Coinbase Safe And Legit?
The short answer is “yes, Coinbase is a legitimate cryptocurrency exchange and broker”. That is because of its high profile investors and highly regulated location (San Francisco). ... This indicates that Coinbase does a very good job of keeping the platform safe for customer funds.
Yes, Coinbase is widely considered to be one of the most reliable and legitimate cryptocurrency exchange platforms on the internet.
Coinbase Review - BitDegree
Digital wallet options and security While cryptocurrency exchanges are not protected by the FDIC or the SIPC, Coinbase says that all of the digital currency it holds online is insured.
Coinbase Review 2021: Pros, Cons and How It Compares
Their downside is that they only allow users to buy cryptocurrencies, but not to sell or deposit. Coinbase recommends wire transfer for large investments. While they process faster than bank accounts (1-3 business days), they are also limited. With wire transfers you can only deposit and withdraw.
Coinbase Review: 5 Reasons You Shouldn't Use It (2022 ...