How does Coinbase handle security measures to protect users' digital assets?

1 answers

• Purushottam WaghJul 05, 2023 · 2 years ago
  As a leading cryptocurrency exchange, Coinbase understands the importance of security. They have implemented a range of security measures to protect users' digital assets. Coinbase stores the majority of funds in offline, cold storage wallets, which are not connected to the internet and therefore less susceptible to hacking attempts. They also utilize advanced encryption techniques to safeguard user data and employ strict identity verification procedures to prevent unauthorized access. In addition, Coinbase has a bug bounty program that rewards individuals who discover and report vulnerabilities in their system. With these robust security measures, Coinbase aims to provide users with peace of mind when it comes to the safety of their digital assets.
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