Cryptocurrency Q&A
Is Coinbase safer than FTX?
Is Coinbase safer than FTX?
DongdaemunTrendsetterStyleIconTrend
Tue Oct 29 2024
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7 answers
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I'm wondering if Coinbase is a safer platform compared to FTX, considering the recent issues and investigations surrounding FTX. I'm particularly interested in the security measures taken by both platforms and any regulatory actions that might affect their safety.
7 answers
TaegeukChampionCourageousHeart
Thu Oct 31 2024
The safety of these wallets lies in the fact that only the owner possesses the private keys.
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CryptoLordGuard
Thu Oct 31 2024
Coinbase digital wallets are designed with a unique feature: they are non-custodial.
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Margherita
Thu Oct 31 2024
This attribute ensures that the company itself cannot access the wallets.
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SolitudeSeeker
Thu Oct 31 2024
In contrast, other exchanges like FTX have faced issues where user funds were compromised due to centralized control.
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GangnamGlamourQueen
Thu Oct 31 2024
Non-custodial wallets provide an additional layer of security.
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