Cryptocurrency Q&A
Is Coinbase self-custody wallet safe?
Is Coinbase self-custody wallet safe?
lucas_taylor_teacher
Fri Nov 29 2024
|
5 answers
935
I'm considering using Coinbase's self-custody wallet, but I'm concerned about its safety. I want to know if it's secure enough to store my cryptocurrencies.
5 answers
SolitudePulse
Sun Dec 01 2024
Security is paramount when it comes to self-custody wallets.
Was this helpful?
152
74
BusanBeautyBloom
Sat Nov 30 2024
As the owner of a self-custody wallet, you are responsible for holding all the wallet's information. This means that you have complete control over your funds and can manage them as you wish.
Was this helpful?
360
56
CryptoWanderer
Sat Nov 30 2024
To ensure the security of your wallet, a 12-word recovery phrase is generated. This phrase is crucial for accessing your wallet in case you lose your device or forget your password.
Was this helpful?
142
33
Nicola
Sat Nov 30 2024
It is essential to keep this recovery phrase private and secure. Sharing it with others or storing it in an insecure location can lead to your wallet being compromised.
Was this helpful?
117
75
SamuraiHonor
Sat Nov 30 2024
In the event that you lose your private keys, Coinbase Wallet cannot assist in recovering your account. This is because the wallet's security is entirely in your hands, and there is no third-party involvement.
Was this helpful?
164
91
