Can I use Coinbase to store my FLR tokens securely?

3 answers

• Dec 24, 2021 · 3 years ago
  Yes, Coinbase is a reputable cryptocurrency exchange and wallet provider. They have implemented various security measures to protect user funds, such as cold storage and two-factor authentication. However, it's always recommended to store large amounts of cryptocurrency in a hardware wallet for added security.
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• Dec 24, 2021 · 3 years ago
  Absolutely! Coinbase is one of the most popular and trusted cryptocurrency exchanges in the industry. They have a strong track record of keeping user funds secure and have never been hacked. However, it's important to note that storing your FLR tokens on any exchange carries some level of risk, so it's always a good idea to consider using a hardware wallet for long-term storage.
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• Dec 24, 2021 · 3 years ago
  While Coinbase is a reliable platform for buying and selling cryptocurrencies, it's generally not recommended to store your FLR tokens or any other cryptocurrencies on an exchange for an extended period. It's always safer to store your tokens in a hardware wallet that you control the private keys for. This way, you have full control over your funds and reduce the risk of them being compromised in the event of a security breach or hack on the exchange.
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