How does Coinbase Wallet ensure the security of my digital assets without being custodial?

3 answers

• Dec 15, 2021 · 3 years ago
  Coinbase Wallet ensures the security of your digital assets without being custodial through a combination of advanced encryption, multi-factor authentication, and offline storage. Your private keys are encrypted and stored securely on your device, ensuring that only you have access to your funds. Additionally, Coinbase Wallet uses biometric authentication, such as fingerprint or face recognition, to further protect your assets. By keeping your private keys offline, Coinbase Wallet minimizes the risk of hacking or unauthorized access. Overall, Coinbase Wallet prioritizes the security of your digital assets while providing you with full control over your funds.
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• Dec 15, 2021 · 3 years ago
  Coinbase Wallet takes security seriously. They use industry-leading encryption to protect your private keys and ensure that your digital assets are secure. By keeping your private keys on your device and not on their servers, Coinbase Wallet eliminates the risk of custodial breaches. Additionally, Coinbase Wallet supports hardware wallets, which provide an extra layer of security by storing your private keys on a separate device. This means that even if your device is compromised, your digital assets remain safe. With Coinbase Wallet, you can have peace of mind knowing that your assets are protected.
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• Dec 15, 2021 · 3 years ago
  As a third-party cryptocurrency wallet, BYDFi ensures the security of your digital assets without being custodial by implementing a robust security infrastructure. They use state-of-the-art encryption algorithms to protect your private keys and employ multi-factor authentication to prevent unauthorized access. BYDFi also stores your private keys in offline, cold storage, which adds an extra layer of protection against hacking attempts. With BYDFi, you can trust that your digital assets are in safe hands.
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