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is coinbase safe

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Coinbase is one of only 4 exchanges to have a license in NY under the pilot BitLicense program. Hence, it sticks to extreme KYC (Know Your Client) rules and stays as reliable as possible to rules a lot.

As I referred to previously, it has in excess of 40 licenses to work in the U.S. alone and is approved to legitimately work in the other 31 countries that make its once-over.

Likewise, Coinbase keeps its assets ensured, so you can't truth be told lose any of your money by hacking and theft!

Something different that makes Coinbase so ensured to use is the way that it can't be used anonymously. In view of the KYC rules, customers should introduce an authority piece of ID and, once in a while, address check to use the stages Purchase and SELL features. As ought to be self-evident, security is another certain piece of this Coinbase overview.

Why is coinbase safe?

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Updated By

Jon Marc On 31 Aug 2021
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