Is Coinbase Safe for Cryptocurrency?

When it comes to your money, security is the number one priority. Keeping your money safe and secure, behind lock and key, is fast becoming a thing of the past. Cryptocurrency is fast becoming the new gold standard, and the cyber security around trading and safeguarding your investment is not something that is taken lightly. Insurance, personal account security, anti-theft, and hacking prevention are all measures than need to be in place to ensure your money is in the safest net on the web. In this review we are going to take a closer look at Coinbase, reviewing the safety and security measures that they offer their investors.

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Learn if Coinbase is safe and secure for your Bitcoin and other digital currency

Legitimacy of Coinbase

Coinbase is the largest Bitcoin exchange platform in the world today, and as of last year has been available in more than 30 countries across the globe. Backed by a host of wealth and trustworthy investors, including Reddit co-owner Alexiz Ohanian, the Bank of Tokyo, Digital Currency Group, and Blockchain Capital, Coinbase’s support is undeniable.

Operating within the United States, Coinbase is subject to adhere to certain rules and regulations, as well as regulatory bodies, to ensure the company:

  • Complies with the Bank Secrecy Act
  • Complies with the USA Patriot Act
  • Complies with the state money transmission laws and regulations
  • Is registered as a Money Services Business with FinCEN

Although these laws and regulations serve to supervise Coinbase while conducting business within the United States, none of the other countries where Coinbase operates requires these regulations.

Personal Account Security

Coinbase has a number of security check and options to safeguard their user’s personal account from unauthorized access or similar security breaches. A strong and unique password is highly recommended as well. Activity on a user’s account can also be tracked, and the user notified, whenever a new device or IP address attempts to gain access to the account.

Coinbase makes use of multiple 2-factor authentication methods to help make accounts more secure. The most basic being an SMS text option, creating the double layer security feature. Read more about Coinbase and security here.

Keeping Your Funds Safe

Keeping customer funds and company operational funds separate is the key here, and Coinbase does just that. Safeguarding their customer’s money in custodial bank accounts, ensuring their money is safe, even if Coinbase happens to become insolvent.

Coinbase claims that, “Even if Coinbase becomes insolvent, the funds held in custodial bank accounts could not be claimed by Coinbase or its creditors. The funds held in those accounts would be returnable to Coinbase’s customers.”

The vast majority (98%) of Coinbase customers’ cryptocurrency is stored in secure offline cold storage, stored on both paper and multiple hardware wallets. Physical cryptocurrency wallets are then moved and stored in safety deposit boxes and vaults around the world. This is a physical protection measure employed to prevent the funds being lost or stolen through hacking. The remaining 2% of the cryptocurrency is then stored online, and is fully insured by a syndicate of the banking giants Lloyd’s of London.

U.S. residents earn a little extra protection. Those making use of CoinBase’s USD wallet are covered for an additional maximum of $250,000, insured and covered by the FDIC.

If you need a quality foreign exchange platform then no look no further than Knightsbridge FX.

Be Careful Where You Send Funds

It is known that in the past Coinbase has applied certain restrictions on the allowed activity of users. Coinbase is known to track where their cryptocurrency is being sent and by which users, and has shut down accounts for certain purchases, including: sending cryptocurrency to gambling sites, send cryptocurrency to local bitcoins, and for making cryptocurrency purchases from the darknet.

From what you have read it should be quite clear that any cryptocurrency that you may have is going to be 100% safe and secure, and insured against any possible insolvency that Coinbase may face in the future. Their multiple 2-factor authentication methods add extra layers of personal protection, and offers great peace of mind when buying, storing, or exchanging cryptocurrency.

Basics About Los Angeles SEO Companies

For every person who owns a website, search engine optimization is very important. It’s the practice of making your site more visible to search engines, which in turn, help it to get higher rankings. And with higher rankings come more traffic, as well as the possibility to grow even bigger. But how much do you know about Los Angeles SEO tactics? Do you even know where to start? And what if you decide to go with a professional, what should you be looking for?

If these are questions that are constantly bothering you, this is the article to be reading. Afterwards, you’ll have a much better idea of what search engine optimization is and how you can make it work for you.

Understanding The Concept

With millions of websites on the internet, everyone can agree that indexing them all needs to happen with rules in place. If search engines want to deliver only relevant and useful information, they have to choose sites that fit the search term as accurately as possible. And they find these sites via the rules they have in place.

So, search engines create algorithms which enforce these rules. For example, the crawlers search engines sent out will be looking for strong keywords and content, along with several other things.

The site that plays by the rules with more accuracy gets placed at the top of the search results, followed by everyone else.

Why Is It Important?

The reason why higher rankings are important is based on traffic. It has been estimated that at least 70% of users are going to choose a site on the first of the results, and they will probably find what they are looking for.

Only 30% of traffic will probably go on to the second page, which means not a lot of traffic should be expected. Plus, this is organic traffic, which translates into higher conversion rates.

What Should You Do?

Start becoming more mindful of Los Angeles SEO. In other words, start learning as much as possible. For example, there are many ways you can increase the visibility of your site. You can do things with the site itself, like posting quality content and ensuring the page load speed is incredibly fast. Or you can try off-site tactics like social media and link building.

In fact, there are so many things have to look out for, it might just be better to consult with an SEO expert such as www.digitalgreentea.com – Los Angeles SEO Agency.

SEO specialist

What To Look For In A SEO Specialist

Go with a professional who isn’t scared to be realistic such as PDX SEO (if you are in the Portland, OR area). Given that your competition is also using certain SEO tactics, there are no magic buttons anybody can push to help your site surge to the top. It takes honest quality links coming from legitimate websites to truly rank your website and keep it there.

Think about SEO in the long-term, because as long as you want the site to rank, the more chances you have to keep making.

So, are you ready to do all the grunt work and learn the ropes? Or do you want to enjoy having a site by hiring a professional?