Can My Bitcoin Be Stolen From Coinbase?

Can My Bitcoin Be Stolen From Coinbase?

With many governments now recognizing and acknowledging virtual assets, cryptocurrencies are attracting more and more investors and traders. Cryptocurrency Exchanges are the easiest way to purchase sell or trade crypto currencies. "A crypto currency exchange is an online trading platform which offers users to buy and sell hundreds of cryptocurrencies". Coinbase is one such crypto currency exchange. Coinbase is one of the oldest and biggest crypto currency exchange. It has moderated transactions between users since 2012. Coinbase is an American user-friendly cryptocurrency exchange which is trusted by over 73million users across the globe in more than 100 countries with 255 billion dollars in assets on platform. it is a basic and simple crypto exchange offering tons of crypto currencies to purchase.

 

Also Read: How To Exchange Cryptocurrency On Coinbase

 

Since its an online platform, every transaction takes place online. Coinbase accepts various fiat currencies like British pound Canadian dollar USD etc and supports almost all kinds of payment method. Once the account is created and verified, coinbase provides them with many options for making payment. Customers can make payment through their bank account, debit card, wire transmission, PayPal, google pay and apple pay, depending upon the size of investment. Users can start investing with a minimum amount of 2 dollars and could go as high as fifty thousand dollars per day. Once you have purchased a cryptocurrency you can then store it in your wallet which is provided by coinbase.

 

 

But when it comes to digital assets, there is always a risk of hacking or digital theft. To ensure maximum safety of its customer, coinbase has industry leading security system. Coinbase Exchange provides easy access for customers to manage their trade and account. You can view and manage your account at any point through coinbase website and mobile app. It allows user to view their portfolio and enter into a trade on the go.

 

Also Read: What Is Coinbase? | How To Use Coinbase Account

 

Coinbase uses industry-leading security practices to keep customer deposits and assets safe. 98% of customer assets are stored offline using cold storage in a network of safe deposit boxes around the world, supported by digital and paper backups. In addition, coinbase keeps 2 factor authentication an unavoidable feature for the account holders. This prevents others logging in and operating your account.

Coinbase is one of the Biggest Cryptocurrency Exchange Platforms with assets of more than hundreds of billions of capital. It has been trusted by millions of traders and investors for more than a decade. Coinbase moderates transactions for more than 200 million users everyday. With such volume in assets and user interaction, the Crypto Exchange has always kept its security unbreakable.