How can I secure my coins on Coinbase?

3 answers

• May 10, 2022 · 3 years ago
  One of the most important steps to secure your coins on Coinbase is to enable two-factor authentication (2FA). This adds an extra layer of security by requiring a second verification step, such as a code sent to your mobile device, in addition to your password. It helps protect your account from unauthorized access even if your password is compromised.
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• May 10, 2022 · 3 years ago
  Another key strategy is to use a hardware wallet to store your coins. Hardware wallets are physical devices that securely store your private keys offline, making them less vulnerable to hacking or malware attacks. By keeping your coins offline, you greatly reduce the risk of theft.
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• May 10, 2022 · 3 years ago
  At BYDFi, we recommend diversifying your holdings across multiple wallets and exchanges. This helps mitigate the risk of losing all your coins in case of a security breach or hack on a single platform. By spreading your coins across different wallets and exchanges, you minimize the impact of any potential security vulnerabilities.
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