How does Gemini compare to Coinbase in terms of security?

1 answers

• Nov 28, 2021 · 3 years ago
  When it comes to security, both Gemini and Coinbase have implemented measures to protect user funds and personal information. Gemini, in particular, has a strong focus on security and compliance. They store the majority of their users' funds in offline cold storage, which minimizes the risk of hacking. Additionally, Gemini has obtained regulatory licenses and complies with industry standards, which adds an extra layer of security. Coinbase, on the other hand, also takes security seriously and offers features like two-factor authentication and insurance coverage for digital assets. Both exchanges have a solid reputation for security and have not experienced any major security breaches. However, it's important for users to also consider other factors, such as trading fees and available cryptocurrencies, when choosing between Gemini and Coinbase.
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