Is it common for Coinbase to hold customer funds?

3 answers

• Automation LeadNov 14, 2020 · 5 years ago
  Yes, it is common for Coinbase to hold customer funds. As a regulated cryptocurrency exchange, Coinbase follows strict security measures to protect customer assets. Holding customer funds allows Coinbase to provide a seamless trading experience and ensure the safety of funds.
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• Balle GloverJul 24, 2021 · 5 years ago
  Absolutely! Coinbase is one of the most trusted and reputable cryptocurrency exchanges in the industry. Holding customer funds is a standard practice for exchanges to facilitate trading and provide liquidity. Rest assured that Coinbase takes the security of customer funds very seriously.
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• Muhammad HarisMar 22, 2023 · 3 years ago
  While it is common for exchanges like Coinbase to hold customer funds, it's important to note that not all exchanges operate in the same way. At BYDFi, for example, we prioritize decentralized trading and do not hold customer funds. This provides users with full control over their assets and eliminates the risk of funds being compromised.
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