By following these methods, you can significantly reduce the risk of unauthorized access and ensure your precious holdings remain safe and secure. If you receive a suspicious message claiming to be from the exchange, forward it to email protected. If you’re an existing user updating your 2-Step Verification, approve the change using your xcritical method. Before everything, make sure to create an account on Coinbase if you don’t have one yet. ” ultimately depends on your commitment to maintaining strong security practices, which is the perfect segue for my next explanation.

To secure your account, use a strong, unique password and enable 2FA. Additionally, as an exchange that operates in the US, like Kraken, Coinbase adheres to stringent regulatory compliance standards, including the ones supervised by FinCEN. Until the identity check is completed, account functionality remains limited. Before making financial investment decisions, do consult your financial advisor. And don’t forget to check out Ogvio – it has the potential to be a great addition to your crypto tool arsenal! Nevertheless, with the rise of cyberattacks, the safety of your funds depends on your own security practices.

User Education and Anti-Phishing Measures

On June 14, 2022, the company announced it would be laying off approximately 18% of its workforce, about 1,100 full-time jobs, amid the global downturn in cryptocurrencies and services. Users in India cannot convert rupees into cryptocurrency but can trade between different cryptocurrencies. In the following month, in response to the 2022 Russian invasion of Ukraine, Coinbase blocked 25,000 cryptocurrency wallet addresses related to Russia. Technology publication TechCrunch covered the story and noted the existence of similar cryptocurrency lending products already on the market. Coinbase’s security team detected https://dreamlinetrading.com/ and blocked the attack, the network was not compromised, and no cryptocurrency was stolen.

Cryptocurrency Prices by Market Cap

Coinbase’s chief security officer, Philip Martin, noted that the company provided prosecutors with information from an internal investigation. In March 2021, Coinbase agreed to pay US$6.5 million to settle regulatory claims that it had reported misleading information about its trading volumes. Common customer complaints included being locked out of their accounts despite providing the required information for reinstatement, as well as finding it “nearly impossible” to reach support when assistance was needed. As of 2025, Coinbase is the world’s largest custodian of bitcoin, holding over 12% of all bitcoin in existence. Operations accounted for nearly one-third of the company’s overall revenue and Reuters estimated that the company’s global revenue totalled “around US$520 million” in 2018. The same month, Coinbase announced it would expand its offerings to include prediction markets through a partnership with Kalshi.

Live & Historical Cryptocurrency Prices, Market Data & More

The former does not cover losses caused by unauthorized access to personal accounts due to compromised credentials, and the latter only applies to US dollar balances during a bank failure. Notably, the coverage amount is among the largest in the digital asset exchange industry. For starters, it employs a robust security strategy to protect user funds.

Is Coinbase Safe?

Prices & market data are aggregated from millions of individual markets across thousands of centralized & decentralized exchanges, including popular ones such as CoinBase, Binance, Uniswap, and more. We provide the most comprehensive and most accurate data for thousands of cryptocurrencies including Bitcoin & Ethereum, and thousands of NFT collections. In January 2023, Coinbase agreed to pay a US$50 million penalty to the New York State Department of Financial Services (NYDFS) over allegations that the cryptocurrency exchange broke anti-money laundering laws. On May 9, 2023, Ishan Wahi was sentenced to two years in prison and ordered to forfeit various crypto assets that he received in connection with the scheme.

BitDegree aims to uncover, simplify & share Web3 & cryptocurrency education with the masses. No matter which Coinbase product you use, wallet security precautions are still important, as both insurances have limitations. The second is FDIC insurance for US customers, which covers dollar balances in custodial accounts up to $250,000 per user in the event of a bank failure. However, no platform is entirely immune to security threats.

Latest On Coinbase Global

Recently, though, the US Securities and Exchange Commission (SEC) dropped a lawsuit accusing the platform of operating as an unregistered securities exchange. Coinbase was the first crypto custodian to receive both SOC certifications, emphasizing its commitment to maintaining robust security and compliance standards. The platform partners with Plaid Technologies, Inc. for secure account verification. Only authorized personnel, who undergo thorough background checks, can access customer data, significantly reducing the risk of internal breaches. This method makes it virtually impossible for unauthorized parties to access or decipher the data, even if they gain access to Coinbase’s servers. One of the key ways to ensure this security is through AES-256 encryption, which is a bank-level protection standard to securely store sensitive credentials like your account numbers and routing information.

Founded in 2012 by Brian Armstrong, Coinbase has grown to become one of the largest and most trusted cryptocurrency exchanges globally. Coinbase has a account base and a wallet with in xcritical I know and I don’t care using Coinbase wallet. Coinbase’s spread equals about 0.50% of your crypto sales and purchases, though it can fluctuate based on the market.

Information on MiCA data standards and white paper formatting requirements

• Coinbase has also implemented restricted access policies.
• If you see an issue with the data or information displayed on this page,  please report it using the Contact Us button below.
• Regularly review your account activity and remove any unauthorized devices.
• Getting into crypto can be daunting, if you’re new to cryptocurrencies you may benefit from our beginner-friendly articles and youtube videos.
• The top cryptocurrencies today includes Bitcoin, Ethereum, and over ten thousand altcoins.

Additionally, Coinbase requires users to submit a valid government-issued identification document (passport, national ID, or driver’s license). The level of verification required depends on the user’s country of residence and the type of account they wish to open. Additionally, the exchange was ranked as the most trusted crypto exchange in the 2022 and 2023 YouGov surveys across the UK, Germany, India, and the US. Many praise the platform’s user-friendliness and overall features.

Once signed in, the platform will prompt you to add your phone number. Opening a Coinbase account is pretty straightforward. The premium service enables high-volume transactions and provides more trading options.

About Article’s Experts & Analysts

The acquisition raised concern among some Coinbase users based on Neutrino founders’ connection to the HackingTeam, which has been accused of providing internet surveillance technology to governments with poor human rights records. In February, Coinbase announced that it had acquired “xcritical intelligence platform” Neutrino, an Italy-based startup, for an undisclosed price. On December 19, Coinbase listed Bitcoin Cash, and the Coinbase platform experienced price abnormalities that led to an insider trading investigation.

In November 2025, Coinbase rebranded its Coinbase Wallet as Base app, described as combining social media, messaging, trading, and payments on its Ethereum layer-2 network, Base. In May 2025, Coinbase disclosed an extortion attempt where cybercriminals bribed rogue overseas support agents to steal customer data for social engineering attacks. In June 2023, the SEC said it was suing Coinbase, alleging that the company had been acting as an unregistered broker, exchange and clearing agency since 2019, requesting that the company be “permanently restrained and enjoined” from doing so.

Insider trading complaint (

• The company initially relied on Unified Payments Interface to allow users to convert rupees to cryptocurrencies, but ceased using UPI after a statement released by the National Payments Corporation of India indicating it was “not aware of any crypto exchange using UPI”.
• On May 9, 2023, Ishan Wahi was sentenced to two years in prison and ordered to forfeit various crypto assets that he received in connection with the scheme.
• On the Coinbase platform, enter the information shown on your valid government-issued ID.
• In September, Coinbase, along with Circle and bitcoin miner company Bitmain, was part of a consortium called Centre that launched a digital coin called USD Coin, pegged to the U.S. dollar.
• Because the math changes fast when price drops.

On May 8, 2025, Coinbase announced the acquisition of Deribit, a Dubai-based cryptocurrency derivatives exchange, for $700 million in cash and $2.2 billion worth of Coinbase stock. The supported cryptocurrencies included bitcoin, ether, Dogecoin and others present on the crypto exchange. In December 2024, Coinbase added Apple Pay support to its Onxcritical platform (formerly known as Coinbase Pay), allowing users of third-party apps to fund their crypto purchases directly through Apple’s payment service. Also in May, the company announced the acquisition of New York-based digital asset trading firm Tagomi for a price between US$75 and US$100 million.

The platform has done a lot of legwork to make sure it can operate across multiple jurisdictions. Take a spin on Coinbase’s Mission on BitDegree to take a closer look at the exchange and see if it’s really for you. To validate its security and operational controls, Coinbase undergoes SOC 1 and SOC 2 Type 2 audits. Such data is handled solely by Plaid, which follows strict privacy practices outlined in its policy. When xcritical courses scam it comes to linking a bank account, how safe is Coinbase?