How does Coinbase differ from Coinbase Wallet in terms of security measures?

1 answers

• May 08, 2022 · 3 years ago
  Coinbase and Coinbase Wallet have different security measures in place. Coinbase, as a centralized exchange, implements various security measures to protect user funds. They store the majority of funds in offline cold storage, use encryption to secure user data, and offer insurance coverage for digital assets stored on their platform. Additionally, Coinbase provides two-factor authentication to enhance account security. On the other hand, Coinbase Wallet is a non-custodial wallet that allows users to have full control over their private keys. This means that the security of the wallet primarily relies on the user's actions. It is important to use strong passwords, enable biometric authentication if available, and keep the wallet's recovery phrase safe. By taking these precautions, you can ensure the security of your digital assets stored in Coinbase Wallet.
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