Blockchain insurance platform, and it’s one of the most trustworthy places to trade, store, and manage crypto assets. It combines regulation, transparency, and strong technical security to give users a sense of control in an industry that can feel unruly and volatile.

The company has a robust incident response team and digital asset insurance to mitigate any risks that might arise from hacking or other threats. It also provides FDIC insurance for dollar balances in custodial accounts, which are similar to protections offered by traditional financial institutions.

Is Coinbase Safe? Everything You Need to Know

In addition to these precautions, the exchange has multiple layers of authentication and verification to prevent account takeovers. Its team monitors for suspicious activity, including SIM swapping (attacks that move funds from an account to a new device), and it requires two-factor authentication and verification of email addresses. The company also uses cold storage to protect its most valuable assets.

Other security features include an ability to report phishing or other scams and a reminder to never share your password or 2FA code with anyone, even Coinbase support. The company also routinely reviews accounts for unfamiliar devices and sends alerts if they detect potentially fraudulent activity.

Additionally, Coinbase Wallet offers non-custodial security by keeping private keys on your device or in hardware wallets that are not connected to the exchange. This ensures that, even if someone gets access to your Coinbase Wallet, they won’t be able to transfer your funds elsewhere.…