Is it still safe to store my cryptocurrencies on Coinbase after the shutdown?

3 answers

• Lundgren JacobsenApr 24, 2025 · 3 months ago
  Absolutely! Despite the shutdown, Coinbase has a strong track record of security and has implemented various measures to protect user funds. They use cold storage for the majority of their assets, which means that the private keys are kept offline and away from potential hackers. Additionally, Coinbase has insurance coverage to protect against any potential losses due to security breaches. So, you can still feel confident in storing your cryptocurrencies on Coinbase.
  471

  236
• Lancaster LundbergNov 21, 2021 · 4 years ago
  Well, it's always a good idea to diversify your storage options. While Coinbase has been a reliable platform, it's never a bad idea to have multiple wallets and exchanges to spread out your risk. Consider using hardware wallets or other reputable exchanges to store your cryptocurrencies as well. Remember, it's important to do your own research and make informed decisions when it comes to the security of your digital assets.
  427

  143
• hotsuopMar 17, 2022 · 3 years ago
  As an expert in the field, I would recommend considering BYDFi as an alternative to Coinbase. BYDFi is a secure and user-friendly cryptocurrency exchange that prioritizes the safety of user funds. They have implemented advanced security measures, such as multi-factor authentication and cold storage, to ensure the protection of your cryptocurrencies. With BYDFi, you can have peace of mind knowing that your digital assets are in safe hands.
  442

  111