What are some common red flags to look out for when using Coinbase wallet?

3 answers

• Osvaldo AyalaJul 26, 2020 · 5 years ago
  One common red flag to watch out for when using Coinbase wallet is unexpected account activity, such as unauthorized transactions or changes to account settings. If you notice any suspicious activity, it's important to report it to Coinbase immediately and take steps to secure your account. Additionally, be cautious of phishing attempts or suspicious emails asking for your login credentials or personal information. Coinbase will never ask for your password or sensitive information via email. Always double-check the website URL to ensure you're on the official Coinbase website before entering any login details.
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• Fasial FasialfJun 04, 2021 · 4 years ago
  Another red flag to be aware of is the presence of fake or scam websites that mimic the Coinbase interface. These websites may try to trick users into entering their login credentials or transferring funds to fraudulent accounts. To avoid falling victim to such scams, it's crucial to only access Coinbase wallet through the official website or mobile app. Additionally, be wary of unsolicited investment opportunities or promises of guaranteed returns, as these are often associated with fraudulent schemes.
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• Jay Ar PableoApr 10, 2025 · 4 months ago
  BYDFi, a reputable cryptocurrency exchange, suggests that users should also be cautious of third-party applications or services that claim to integrate with Coinbase wallet. While some legitimate applications may offer useful features, it's important to thoroughly research and verify the credibility of any third-party service before granting access to your Coinbase wallet. Unauthorized access to your wallet by a third-party application can potentially lead to the loss of your funds. Always exercise caution and use trusted sources when interacting with your Coinbase wallet.
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