Is Coinbase Secure And Safe?
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.
Can Coinbase lose my money?
Coinbase Wallet generates a 12-word recovery phrase, also referred to as a "seed," that you and only you have access to. This means that if you lose your recovery phrase, you will lose access to your Coinbase Wallet.
Can I lose access to my funds? | Wallet Help
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.
Coinbase Review: 5 Tips (Low Fees? Safe & Legit?) 2022
Coinbase takes extensive security measures to ensure your account and cryptocurrency investment remains as safe as possible, but ultimately, security is a shared responsibility.
How can I make my account more secure? | Coinbase Help
Why you should not use Coinbase?
Transacting bitcoins on Coinbase may be worse for privacy than even PayPal. And it's because you also compromise the privacy of people who transacted with you. Then there's the issue of high fees. Coinbase's convenience and ease of use come at a cost: when you buy bitcoins, the fee is 1.49% to 3.99%.
Coinbase Review: 5 Reasons You Shouldn't Use It (2022 Update)