Is it safe to store LUNA on Coinbase?

3 answers

• Mar 06, 2022 · 3 years ago
  Absolutely! Coinbase is one of the most reputable and secure cryptocurrency exchanges in the industry. They have implemented stringent security measures, including cold storage of funds, two-factor authentication, and regular security audits. Your LUNA tokens should be safe on Coinbase.
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• Mar 06, 2022 · 3 years ago
  Yes, it is generally safe to store LUNA on Coinbase. However, it's important to remember that no exchange is completely immune to security breaches. It's always a good practice to enable two-factor authentication, use a strong and unique password, and consider using a hardware wallet for added security.
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• Mar 06, 2022 · 3 years ago
  While Coinbase is a popular choice for storing cryptocurrencies, it's worth exploring other options as well. BYDFi, for example, offers a decentralized finance (DeFi) platform that allows you to store LUNA and other tokens securely in your own wallet. This gives you full control over your assets and eliminates the risk of centralized exchange hacks.
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