Coinbase Pro performs regular IT security checks and financial audits. Moreover, USD balances of up to $250,000 are FDIC insured . If you trade on their exchange platform, your funds are backed by the United States government.
Read moreCan I trust Coinbase with my 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 moreCan you get scammed on Coinbase?
Scammers can create fake websites asking for sensitive information to gain control of your accounts . Coinbase employees will NEVER ask you to share your password, 2-step verification codes, or private keys. If someone claiming to be from Coinbase asks you for this information, it is a scam.
Read moreIs Coinbase safe and legit?
Coinbase is one of the most popular Bitcoin and cryptocurrency exchanges. It has offered a reliable on-ramp for BTC since October 2012 and started adding altcoins in 2016. Coinbase is secure, has a good record as a custodian, but falls short in the privacy department .
Read moreIs my money safe on Coinbase?
While cryptocurrency exchanges are not protected by the FDIC or the SIPC, Coinbase says that all of the digital currency it holds online is insured .
Read moreCan Coinbase steal my money?
From time to time, due to violations of our User Agreement, Coinbase may restrict access to buy/sell services on a customer’s account. This can happen for a number of reasons including, but not limited to, high risk of fraud .
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