• Coinbase Login || Trustability

     

    In this guide, we’ll delve into the finer details about the online cryptocurrency broker Coinbase and explain whether or not Coinbase is a safe crypto exchange platform to use. We will overview the security measures that Coinbase has put in place to deter hackers and safeguard the platform. In addition, you will learn about the company’s hack history, credibility, commercial sponsorships, uplisting on the NASDAQ, and the effect of institutional crypto purchases facilitated by this platform.

    About Coinbase

    Coinbase is a cryptocurrency broker and a trading platform where you can buy and trade Bitcoin and other cryptocurrencies. Since its launch in San Francisco, California, in 2012, Coinbase has grown substantially to be considered one of the industry’s biggest crypto-broker exchanges.

    After its incorporation, the broker experienced exponential growth, employing over 1,700 employees, serving 100 countries, and generating over $1.8 billion in the first quarter of this year alone, surpassing the total revenue of $1.3 billion in 2020.

    • Coinbase crypto brokerage services for retail customers;
    • Coinbase Pro a professional trading platform;
    • Coinbase Prime for institutions.

    Renowned for its consumer-facing products, Coinbase’s easy-to-use consumer platform interface enables users to buy and sell crypto on the brokerage.

    Coinbase Pro provides tools only reserved to traders, including charting software with trading indicators, a real-time updated order book, and margin trading with up to 3x leverage.

    Since institutions have different needs to retail investors, Coinbase has launched the beta version to accommodate the ever-growing demand from clientele as more people enter the crypto space. The U.S. company designed Coinbase Prime with fund managers, hedge funds, endowments, and sovereign wealth funds in mind as they require access to deep liquidity pools.

    Utilization of cold storage for security enhancement

    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.

    Now not only are client crypto assets stored offline in the cold wallets, but the platform also takes the extra preventative measure to spread such wallets globally.

    Only 2% of assets on the platform are available online in the hot wallet system, and Coinbase has those insured for any losses. That way, if a hacker ever stole your money from Coinbase, it would be reimbursed.

    Whatsmore, Coinbase has covered its customers’ deposits up to $250,000 per account through FDIC insurance. However, this coverage only applies to U.S. customers holding U.S. Dollar deposits. Furthermore, crucially the insurance does not cover crypto assets.

    Create Coinbase account