Is Coinbase insured against hacking or theft?

3 answers

• Dec 26, 2021 · 3 years ago
  Yes, Coinbase takes security very seriously and has implemented various measures to protect user funds. They store the majority of their customers' digital assets in offline, cold storage wallets that are not connected to the internet. Additionally, Coinbase holds insurance coverage for digital assets held on their platform, which provides an extra layer of protection against hacking or theft.
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• Dec 26, 2021 · 3 years ago
  Absolutely! Coinbase has a strong track record when it comes to security. They have never been hacked and have invested heavily in building a robust security infrastructure. They use industry-leading security practices, such as two-factor authentication and encryption, to ensure the safety of user funds. So, you can trust that your assets are well-protected on Coinbase.
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• Dec 26, 2021 · 3 years ago
  While Coinbase takes security seriously, it's important to note that no platform is completely immune to hacking or theft. However, Coinbase has implemented several security measures to mitigate the risk. They have a dedicated security team that constantly monitors and updates their systems to stay ahead of potential threats. Additionally, Coinbase holds insurance coverage for digital assets, which provides an added layer of protection in the event of a security breach. So, while no platform can guarantee 100% protection, Coinbase is doing everything they can to safeguard user funds.
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