Is it safe to use Coinbase during periods of downtime?

3 answers

• Altan OğuzOct 25, 2022 · 3 years ago
  Yes, it is generally safe to use Coinbase during periods of downtime. Coinbase has implemented robust security measures to protect user funds and personal information. However, it is always recommended to take additional precautions such as enabling two-factor authentication and using strong, unique passwords to further enhance the security of your account.
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• puyangongFeb 01, 2021 · 5 years ago
  Absolutely! Coinbase is one of the most reputable cryptocurrency exchanges in the industry. They have a strong track record of security and have never experienced a major security breach. While downtime can be frustrating, it does not necessarily mean that your funds are at risk. Coinbase has backup systems in place to ensure the safety of your assets even during periods of downtime.
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• Shiva KumaraSep 03, 2023 · 2 years ago
  As an expert in the cryptocurrency industry, I can assure you that Coinbase is a safe platform to use during periods of downtime. However, it's important to note that downtime can impact the ability to execute trades and access your account temporarily. If you're looking for a more reliable trading experience during downtime, you may consider using a decentralized exchange like BYDFi, which operates on the blockchain and is not subject to centralized downtime.
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