Coinbase account recovery

As mentioned previously, it is not wise to keep large amounts of cryptocurrency in any hot wallet, especially an exchange account . Instead, it is suggested that you withdraw the majority of funds to your own personal “cold” wallet (explained below). Exchange accounts include Coinbase, Gemini, Binance, and many others.

At Coinbase, we’re committed to security by using industry best practices and storing up to 97% of bitcoins in encrypted, geographically separated, offline storage. To further protect our customers, all of the bitcoins stored in online computers are insured .

First, you can store your crypto on Coinbase. This is the simplest option — just log into your account, buy your crypto, and leave it within your account . You won’t have access to your private keys by doing this; instead, your coins’ security will rely on Coinbase’s security measures (and your own account protections).