Cryptocurrency Q&A
Is it safe to have a lot of money in Coinbase?
Is it safe to have a lot of money in Coinbase?
HanRiverVisionaryWaveWatcher
Sat Mar 30 2024
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5 answers
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I've been hearing a lot about Coinbase and how people are storing their cryptocurrencies there. But I'm a bit worried about the safety of my funds. After all, we've seen hacks and thefts in the crypto world before. So, is it really safe to have a lot of money in Coinbase? Or are there any alternative, more secure options for storing my cryptocurrencies?
5 answers
Dreamchaser
Sun Mar 31 2024
To further enhance security, up to 97% of the bitcoins we handle are stored in encrypted, geographically dispersed offline vaults.
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Raffaele
Sun Mar 31 2024
BTCC, a UK-based cryptocurrency exchange, offers a similar commitment to security and customer protection.
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CharmedWhisper
Sun Mar 31 2024
Coinbase, a leading cryptocurrency exchange, places a strong emphasis on customer security.
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KimchiChic
Sun Mar 31 2024
To safeguard our clients' assets, we ensure that all bitcoins held in our online systems are insured.
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Chiara
Sun Mar 31 2024
Following industry best practices, we prioritize security measures, ensuring the utmost protection for our users.
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