Coinbase

Is Coinbase a secure platform?

Coinbase prioritizes security through measures such as two-factor authentication, cold storage for 98% of user funds, and AES-256 encryption to protect data. It also employs advanced tools like biometric verification and multi-approval withdrawals via its Vault feature. With regulatory compliance and insurance coverage for hot wallets, Coinbase ensures a safe environment for trading and storing digital assets while maintaining transparency as a publicly traded company.

How to use Coinbase?

To use Coinbase, create an account by verifying your email, phone number, and identity with a government-issued ID. Once set up, you can link payment methods like bank accounts or debit cards to buy, sell, or trade cryptocurrencies directly on the platform. For enhanced functionality, users can connect their Coinbase account to the Coinbase Wallet for self-custody or explore decentralized finance (DeFi) and NFTs on supported blockchain networks.