Cryptocurrency Q&A Is it safe to keep XRP on Coinbase?

Is it safe to keep XRP on Coinbase?

SamuraiCourage SamuraiCourage Fri Dec 06 2024 | 6 answers 1319
I'm considering keeping my XRP on Coinbase, but I'm not sure if it's safe. I've heard about some exchanges being hacked in the past, so I want to make sure that my assets will be secure if I store them on Coinbase. Is it safe to keep XRP on Coinbase?

6 answers

Andrea Andrea Sun Dec 08 2024
Trading or converting your XRP for fiat currency and withdrawing it to your linked bank account was not possible during this period.

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Chiara Chiara Sun Dec 08 2024
However, you were able to deposit more XRP into your account if you wished to do so.

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CherryBlossomDancing CherryBlossomDancing Sun Dec 08 2024
The XRP in your account was kept safely stored within your Coinbase account.

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DigitalDukedom DigitalDukedom Sun Dec 08 2024
Additionally, you had the capability to send XRP to a wallet that was not associated with your Coinbase account.

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SakuraBlooming SakuraBlooming Sun Dec 08 2024
This meant that while certain functionalities were limited, you still had some control over your XRP holdings.

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