• Coinbase-Login || What Beginners Should Know?

     

    Coinbase-login is a cryptocurrency broker and a trading platform where you can buy and trade Bitcoin and other cryptocurrencies. Since its launch in San Francisco, California, in 2012, Coinbase has grown substantially to be considered one of the industry’s biggest crypto-broker exchanges.

    After its incorporation, the broker experienced exponential growth, employing over 1,700 employees, serving 100 countries, and generating over $1.8 billion in the first quarter of this year alone, surpassing the total revenue of $1.3 billion in 2020.

    Additional security features

    To that end, Coinbase has cold wallet storage, USD funds insured, customer information, customer wallets, website, mobile application, wallet addresses, and private keys all encrypted.

    Coinbase has internally implemented several additional security precautions to ensure that its systems are safe if this was not sufficient. The preventive measures are as follows:

    • Employee devices use unique passwords and two-factor authentication (2FA);
    • Employees have to pass a criminal record test;
    • Employees must encrypt workstation hard drives, and access to them is only possible through solid passwords.(coinbase.login)

    Additionally, customers are all encouraged to utilize 2FA. There are three types of 2FA available to account users:

    • Phone/SMS – the least secure method, but better than single-factor authentication. A one-time passcode is sent to the users’ phone every time they log into their account;
    • TOTP authenticator, such as Google or DUO, provides random codes that are time-sensitive to be used during login;
    • Hardware keys are physical token devices similar to flash drives that provide additional authentication when logging in. Popular Hardware keys include Trezor and Ledger.
    • Popular cryptocurrency hardware wallet manufacturer Ledger, specializing in multi-currency wallets used to store private keys for cryptocurrencies offline, has seen a recent attack on its server, revealing sensitive customer data to hackers on the internet.

      The attack demonstrates that although funds can be kept in cold storage, your personally identifiable information, which could potentially put your assets at risk, can still be obtained outside the realms of an exchange.

      For this reason, all users receive the same advice never to outsource their assets’ security and remain vigilant with their investments from Coinbase.