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Is it safe to store LTC on Coinbase?

avatarDenis mainaNov 26, 2021 · 3 years ago3 answers

I'm considering storing my LTC on Coinbase, but I'm not sure if it's safe. Can anyone provide some insights on the security measures Coinbase has in place to protect LTC holdings?

Is it safe to store LTC on Coinbase?
LTC
Coinbase
Cryptocurrency

3 answers

  • avatarNov 26, 2021 · 3 years ago
    Absolutely! Coinbase is one of the most reputable cryptocurrency exchanges in the industry. They have implemented robust security measures, including two-factor authentication, cold storage for the majority of funds, and regular security audits. Your LTC holdings should be safe on Coinbase.
  • avatarNov 26, 2021 · 3 years ago
    Yes, it's generally safe to store LTC on Coinbase. However, it's important to remember that no exchange is completely immune to security breaches. It's always a good idea to enable two-factor authentication and consider using a hardware wallet for added security.
  • avatarNov 26, 2021 · 3 years ago
    As an expert in the cryptocurrency industry, I would recommend storing your LTC in a hardware wallet instead of leaving them on any exchange, including Coinbase. Hardware wallets provide an extra layer of security by keeping your private keys offline and away from potential hacking attempts. Consider investing in a hardware wallet for the best protection of your LTC holdings.

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