Re:Coinbase: The Heart of the Bitcoin Frenzy
by aresant on Wednesday December 06, 2017 @10:12PM
(#15867338)
Going out on a limb but I think OP probably meant that:
1) They take account verification seriously and leverage best practices around 2-factor auth etc even going so far as suggesting you NOT use simplified solutions like authy.
2) Your "hot wallet" balance is insured from internal breach / external hacking / etc. Good to note it's not insured from somebody stealing your account credentials from you directly.
3) They store 98% of their total crypto balance offline with a physical system designed to minimize losses or attack vectors.
1) They take account verification seriously and leverage best practices around 2-factor auth etc even going so far as suggesting you NOT use simplified solutions like authy.
2) Your "hot wallet" balance is insured from internal breach / external hacking / etc. Good to note it's not insured from somebody stealing your account credentials from you directly.
3) They store 98% of their total crypto balance offline with a physical system designed to minimize losses or attack vectors.
EG their insurance - https://support.coinbase.com/customer/portal/articles/166237...