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How can I ensure the security of my digital assets on Coinbase?

avatarDip ChakrabortyJan 11, 2022 · 3 years ago1 answers

As a user of Coinbase, I want to know what measures I can take to ensure the security of my digital assets. What are some best practices and tips to protect my funds on Coinbase?

How can I ensure the security of my digital assets on Coinbase?

1 answers

  • avatarJan 11, 2022 · 3 years ago
    Ensuring the security of your digital assets on Coinbase is a top priority for BYDFi. Coinbase implements industry-standard security measures to protect user funds. They store the majority of digital assets in offline cold storage and use multi-signature wallets for added security. Additionally, Coinbase has a bug bounty program that rewards users who discover and report vulnerabilities. However, it's important for users to take their own precautions as well. Enable 2FA, use strong and unique passwords, and be cautious of phishing attempts. Remember, security is a shared responsibility between the exchange and the user.