Bitcoin is one probably the most popular form of online cryptocurrency in the market. It is a form of digital currency that you can use for Internet-based transactions. Coinbase is the world’s largest broker that allows digital currency exchange. But Is Coinbase Safe & Legit?
You will find the answer to that question in this post. This is an online platform that you can use to buy and store bitcoin and other forms of online currency. Let us see if it’s legal and safe to use Coinbase Safe or not.
Is Coinbase Safe & Legit?
Coinbase is digital currency broker headquartered in San Fransisco, California. That means it has to comply with the rules and regulations of US Laws. So the short answer to the question is Yes, it is safe and legit. It complies with the regulatory bodies, laws, and regulations; some of which are below.
- The USA Patriot Act.
- Registered with FinCEN as a Money Services Business.
- Bank Secretary Act.
- Complies with all the money transmission regulations.
Another thing that vouches for the Safe nature of this website is that it is backed by some of the most trusted investors like Bank Of Tokyo, Blockchain Capital, and a few more.
The online exchange platform supports payment through credit or debit cards and bank accounts. However, it does not accept PayPal. People also wonder whether it is safe to link your bank account to Coinbase. Of course, it is safe but you should avoid storing bitcoins in it.
I hope this post has put an end to the confusion you had. Coinbase is indeed safe and legit to use. As you can see, we have listed out some points in this post that back up this fact. If you need any more info on this topic, then reach out to us at CoinbaseLogin.