What are the best practices for securing my cryptocurrency investments on Coinbase?

3 answers

• Dec 16, 2021 · 3 years ago
  One of the best practices for securing your cryptocurrency investments on Coinbase is to enable two-factor authentication (2FA). This adds an extra layer of security by requiring a second verification step, such as a code sent to your mobile device, in addition to your password. It helps protect your account from unauthorized access even if your password is compromised.
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• Dec 16, 2021 · 3 years ago
  Another important practice is to use a strong and unique password for your Coinbase account. Avoid using easily guessable passwords and consider using a password manager to generate and store complex passwords. Regularly update your password to further enhance security.
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• Dec 16, 2021 · 3 years ago
  At BYDFi, we recommend diversifying your cryptocurrency investments across multiple wallets and exchanges, including Coinbase. This reduces the risk of losing all your investments if one platform is compromised. Additionally, regularly review your account activity and enable email notifications for any suspicious activities. Stay informed about the latest security practices and be cautious of phishing attempts.
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