Can Coinbase wallet be hacked

While it is never 100% safe to keep your money on any online exchange , Coinbase has one of the safest web wallets you can use since it holds 98% of its assets in offline cold storage that cybercriminals cannot access.

For enhanced security, Coinbase Pro uses cold wallet storage as well as multi-signature wallets and two-factor authentication. Hence, users’ funds are safely stored and protected from hackers with a sophisticated level of security .

Coinbase and Coinbase Pro offer user-friendly mobile applications, but Coinbase is designed for people new to investing in cryptocurrency. It keeps your options simple by limiting your transaction types. If you want more advanced investing options, Coinbase Pro is a great choice .