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Coinbase States 99 Percent of Customer Crypto Is Stored Offline
(3 hours ago) · 1 source · Summarized by CryptoBipto
Coinbase has stated that 99% of customer cryptocurrency holdings are kept in offline cold storage, placing them beyond the reach of online attackers. The company made the claim in the context of broader industry discussions about exchange security practices.
WHY IT MATTERS
When you keep cryptocurrency on an exchange like Coinbase, the exchange holds your assets for you, similar to how a bank holds your money.
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SOURCES
- decrypt.co
RELATED
Exchange SecurityCold StorageCustodyCoinbase
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