Cryptocurrency Q&A Can I lose my crypto on Coinbase Wallet?

Can I lose my crypto on Coinbase Wallet?

Stefano Stefano Tue Dec 03 2024 | 7 answers 2040
I'm concerned about the safety of my cryptocurrencies stored in the Coinbase Wallet. Is there a risk of losing them due to any reason such as hacks, technical glitches, or human error? Can I lose my crypto on Coinbase Wallet?

7 answers

CryptoVeteran CryptoVeteran Thu Dec 05 2024
Protecting your Coinbase Wallet is crucial.

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benjamin_cole_nurse benjamin_cole_nurse Thu Dec 05 2024
Losing access to your wallet means you won't be able to move your cryptocurrency or access your digital assets.

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TeaCeremony TeaCeremony Thu Dec 05 2024
If someone obtains your recovery phrase, they can gain access to your wallet and its funds.

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Michele Michele Thu Dec 05 2024
In such a scenario, neither Coinbase nor any other entity can prevent a scammer from stealing your funds.

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Giulia Giulia Wed Dec 04 2024
The security of your wallet ultimately depends on you.

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