Coinbase is a safe and secure cryptocurrency exchange based in the U.S. founded in 2012. The company stocks are now listed on the Nasdaq stock market under the ticker COIN.
Coinbase has traded over $150 billion of digital assets so far and is now a publicly-traded company on the Nasdaq stock exchange, which tells of its safety and trust among users.
Coinbase says that all of its customer deposits are insured, although they are not protected by the Federal Deposit Insurance Corporation or the SIPC.
Coinbase uses several security measures meant to secure user funds from theft & hacking. Despite being more costly it's preferred as cryptocurrency exchange.
The methods to secure funds and accounts include 2-factor authentication using phone & email, bio-metric & fingerprint logins and passwords to secure the accounts.
It also stores 98% of user funds on cold storage. However, Coinbase is categorical that SIPC or FDIC does not secure the funds.
However, the exchange pools the exchange balance and stores it in USD custodial accounts, USD denominated money market funds or liquid U.S. Treasuries.
We know for sure that Coinbase is a trusted exchange for both individual and institutional crypto holders, investors, and traders.
It is a widely reviewed cryptocurrency on the Internet. The exchange has adequate resources on how to secure your wallet and trade safely on it.
Coinbase scores 8.9/10 on third-party review and independent review sites like Trustradius.com, which is a very high trust score as a trusted crypto exchange.