Most Ethereum-based wallets have a 12-word recovery phrase, which acts as the key to your wallet.
Read moreWhy did I get a text from Coinbase?
If you receive a text message reporting that you’ve received digital currency that you did not authorize, it is likely a phishing attempt . Coinbase does not send out texts to verify transactions.
Read moreDoes Coinbase send verification codes?
Coinbase shows you a QR code, which is a representation of the secret key, which you then scan using an Authenticator app on your mobile device . Google Authenticator and several other authenticator apps allow you to generate TOTP codes using your mobile device or computer.
Read moreWhy does Coinbase keep sending me a verification code?
The reason for these verification codes is to confirm that the password to somebody’s account is correct . They were either sent to you by the owner of this account by mistake or by a thief. Since you don’t know which one is which it’s better to throw them away.
Read moreIs Coinbase safe to give SSN?
Is it safe to give Coinbase my SSN? – Quora. In my opinion, yes, it is safe to give Coinbase your social security number . You must consider that opening an account at Coinbase actually is no different than opening a bank account. They must have your tax id for the purpose of reporting to the IRS.
Read moreIs Coinbase legit and safe?
Can I trust Coinbase? Investing in cryptocurrency is inherently risky, and your crypto is a speculative asset at best. But if you’re OK with the risk (and have your other financial priorities covered), Coinbase is a secure and legitimate exchange to use .
Read moreDoes Coinbase refund stolen money?
Coinbase will issue a refund only in two situations when their error caused: An unauthorized transaction from your account . An incorrect transaction from your account .
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