What precautions should I take when sending coins from Coinbase to a wallet?

3 answers

• Dec 24, 2021 · 3 years ago
  When sending coins from Coinbase to a wallet, it's important to double-check the wallet address you are sending to. One small mistake in the address can result in the loss of your coins. Make sure to copy and paste the address or use a QR code to avoid any typos. Additionally, it's recommended to start with a small test transaction before sending a large amount of coins to ensure everything is working correctly.
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• Dec 24, 2021 · 3 years ago
  To ensure the safety of your coins, it's advisable to enable two-factor authentication (2FA) on both your Coinbase account and your wallet. This adds an extra layer of security and helps protect against unauthorized access. It's also a good practice to regularly update your wallet software and use a hardware wallet for storing larger amounts of coins.
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• Dec 24, 2021 · 3 years ago
  At BYDFi, we recommend using a hardware wallet like Ledger or Trezor for storing your coins. These wallets provide an offline storage solution, keeping your coins safe from online threats. When sending coins from Coinbase to a hardware wallet, make sure to follow the instructions provided by the wallet manufacturer and verify the transaction details on the device's screen before confirming the transfer.
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