Regulation and accountability are surely a good sign and make it less risky. Being publicly traded means there is indeed information about the company's finance, so I do agree that this makes coinbase objectively more secure. But it's not like US based crypto exchanges haven't failed (FTX) or publicly traded companies weren't cheating and actually lying to investors and regulators (Enron).Exchange reliability comes down to licensing and regulatory oversight. The strictest and most reliable regulator is in the US. Coinbase is publicly traded, so it's under quarterly regulatory scrutiny. Nobody else in the world has that level of oversight.
Kraken – One of the most secure exchanges, with strong compliance and no major hacks. Good for holding BTC.Which is the most secure crypto exchange after binance ? Somewhere , I can keep good amount of btc staked.
Agreed, but I have to point out that justice was served in both cases.But it's not like US based crypto exchanges haven't failed (FTX) or publicly traded companies weren't cheating and actually lying to investors and regulators (Enron).
Agreed, but I have to point out that justice was served in both cases.
And let’s be real—most of the biggest crypto scams have been taken down by the U.S. authorities. They shut down BTC-E, went after Terra (LUNA) long before the UST collapse, crushed BitMEX, threw CZ into a high-security prison, and even jailed the brother of the infamous crypto queen Ruja Ignatova (who managed to escape).
That’s just off the top of my head.
Tell me, what other country has cracked down on crypto scammers this hard?
What's your suggestion?People are choosing the most popular ones, I'm not sure if it necessarily means that most popular = most secure
Why was it? Last I checked, the company's still running from their HQ in Bulgaria, with mama at the helm. And Ruja's brother, who was facing 90 years, only served 34 months and is already out.As far as I understand, the Ruja Ignatova thing was not even a real blockchain project, just a good old ponzi scheme with the word coin slapped in its name.
It was never decentralized and there was never a public blockchain. It was a website where you deposit and withdraw. It was claiming it's a cryptocurrency, but as far as I'm aware, there was no public blockchain and everything happened on their website that they controlled. Everything was a database on their server.Why was it? Last I checked, the company's still running from their HQ in Bulgaria, with mama at the helm. And Ruja's brother, who was facing 90 years, only served 34 months and is already out.
Nobody argues that Ruja Ignatova and her scheme were a massive crypto scam. I'm just saying she and her family got away with it. And that's outrageous, especially since the crypto pyramid is still running.It was never decentralized and there was never a public blockchain. It was a website where you deposit and withdraw. It was claiming it's a cryptocurrency, but as far as I'm aware, there was no public blockchain and everything happened on their website that they controlled. Everything was a database on their server.
Plenty of people using coinbase have there wallets "hacked", if your gonna use CB to buy/sell, use them but dont PARK your crypto there.
Not your keys not your crypto, move it to a self custody wallet.
personally id say coinbase staff provide "hackers" info on weak accounts, said "hackers" then empty those wallets and coinbase say its your own fault. reserch it
Nobody can tell you about true security. We don't have access to the minds of the people that are managing the exchanges and the exchange's backends. What is usually discussed is reputation, not security. So keep that in mind when making choices with your investment. Of course, there are people with a lot more insight and valuable information like the comment below:
Regulation and accountability are surely a good sign and make it less risky. Being publicly traded means there is indeed information about the company's finance, so I do agree that this makes coinbase objectively more secure. But it's not like US based crypto exchanges haven't failed (FTX) or publicly traded companies weren't cheating and actually lying to investors and regulators (Enron).
Absolutely outrageous indeed. Is it really still going? Everything I've read about it was in a past tense. What are they doing right now? And more importantly, who on Earth would still give them a cent?!Nobody argues that Ruja Ignatova and her scheme were a massive crypto scam. I'm just saying she and her family got away with it. And that's outrageous, especially since the crypto pyramid is still running.
I would take Coinbase as the most secure exchange after Binance. We can agree that Kraken is a very good exchange too. The level of security you get on these exchanges is dependent on your location sometimes, and that's something to consider.Which is the most secure crypto exchange after binance ? Somewhere , I can keep good amount of btc staked.
After Binance, Kraken is often regarded as one of the most secure exchanges, with strong security measures and reliable BTC staking options.Which is the most secure crypto exchange after binance ? Somewhere , I can keep good amount of btc staked.
Crypto pyramids constantly attract money, especially in developing countries. There are even social networks where such ads are posted in the hype section. The organizers of the companies don't even do much advertising, they just write - 1% per day and people flock to invest money. It's all connected to cryptocurrency.Absolutely outrageous indeed. Is it really still going? Everything I've read about it was in a past tense. What are they doing right now? And more importantly, who on Earth would still give them a cent?!