Coinbase is the second-largest cryptocurrency exchange in the world, in terms of trading volume, that stores your crypto assets while allowing you to trade them on the platform. When a user buys, receives, or stores any cryptocurrency using a Coinbase account, the digital assets are custodied for their benefit in a wallet hosted by the exchange.
The platform supports more than 260 different types of cryptocurrencies, headlined by popular coins like Bitcoin, Ethereum, and Solana. Nevertheless, Coinbase lets users trade the most popular coins, making it perfect for most crypto trading purposes.
All these claims make Coinbase an interesting option for new crypto investors to buy and sell their favorite coins. But the question is whether Coinbase is safe for use and how it handles customers' crypto assets.
Let's jump in and explore.
