What steps does Coinbase take to safeguard crypto assets?

3 answers

• Dec 29, 2021 · 3 years ago
  Coinbase takes several steps to safeguard crypto assets. Firstly, they store the majority of customer funds in offline, air-gapped cold storage. This ensures that the assets are not vulnerable to online attacks. Additionally, Coinbase implements multi-signature technology, requiring multiple keys to authorize transactions. They also employ strict access controls and monitoring systems to prevent unauthorized access. Furthermore, Coinbase maintains insurance coverage for crypto assets held on their platform. Overall, Coinbase prioritizes the security of customer funds and invests heavily in robust security measures.
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• Dec 29, 2021 · 3 years ago
  To protect crypto assets, Coinbase uses a combination of offline storage, multi-signature technology, and strict access controls. By storing the majority of funds offline, Coinbase minimizes the risk of online attacks. The use of multi-signature technology adds an extra layer of security, as multiple keys are required to authorize transactions. Coinbase also implements rigorous access controls and monitoring systems to detect and prevent unauthorized access. These measures, combined with insurance coverage, ensure that customer assets are well protected.
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• Dec 29, 2021 · 3 years ago
  Coinbase, one of the leading cryptocurrency exchanges, takes various steps to safeguard crypto assets. They employ a combination of offline storage and multi-signature technology to minimize the risk of unauthorized access. By storing the majority of funds offline, Coinbase ensures that they are not vulnerable to online attacks. The use of multi-signature technology adds an extra layer of security, as multiple keys are required to authorize transactions. Additionally, Coinbase maintains insurance coverage for crypto assets held on their platform, providing further protection for customers. These measures demonstrate Coinbase's commitment to the security of customer funds.
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