is coinbase safe to store crypto

Coinbase uses advanced encryption technology, multi-factor verification and cold storage to ensure cryptocurrency security, but investors need to pay attention to market and bankruptcy risks.

Mar 24, 2025 at 02:11 pm

Founded in 2012, Coinbase is a US-listed company that provides digital currency exchange and wallet services, operating in more than 100 countries. It was successfully listed on Nasdaq in April 2021 with the stock code "COIN". It supports the purchase and sale of 166 crypto assets and provides custodial wallet services to facilitate investors to store assets directly on the platform.

As a trading platform, Coinbase provides certain insurance coverage for digital assets stored on its platform. This means that if the asset loss is caused by platform reasons, users have the opportunity to receive corresponding compensation.

• Register and set up an account : Visit the Coinbase official website or download the official application, and follow the prompts to register an account. Be sure to use a strong password and enable two-step verification.

• Fund deposit : Deposit funds into a Coinbase account through payment methods supported by platforms such as bank transfer, credit/debit card or PayPal.

• Purchase and store cryptocurrencies : Select the cryptocurrency to purchase on the platform and enter the purchase amount to complete the transaction. The purchased cryptocurrency will be stored in the Coinbase custodial wallet.

• Security management : Check account activities regularly, treat emails and links involving account information with caution, and avoid operating accounts in public Wi-Fi environments.