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Is Coinbase Legitimate & Safe? Is Coinbase a Scam? 2022
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I’m going to say that no, I definitely don’t believe CoinBase to be a scam – in fact out of all of the websites out there at the moment that gives you the ability to buy, sell & manage cryptocurrencies I’d probably say that CoinBase is one of the most legitimate.
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Coinbase complies with all US financial services laws and regulations. This includes compliance with both state and federal law regarding consumer protection, the prevention of money laundering, and cybersecurity. Coinbase is licensed by several state authorities to engage in money transmission or serve as a money transmitter.
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The short answer is “yes, Coinbase is a legitimate cryptocurrency exchange and broker”. That is because of its high profile investors and highly regulated location (San Francisco). Coinbase is very unlikely to run away with your money.
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Yes, Coinbase is a legit crypto company that’s based in San Francisco and is supported by trusted investors. Coinbase is licensed to perform money transmissions in most US jurisdictions.
Legislative changes can happen at any time, and the jurisdiction under which Coinbase operates (the state of California or the Federal Government) can acquire any data at any moment.
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Coinbase is the largest U.S.-based cryptocurrency exchange, trading nearly 100 cryptocurrencies. But consider the risks of trading these currencies.
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Is Coinbase safe and legit or a scam? The Bitcoin wallet scandals of 2018 created concern within the cryptocurrency market. The market does not carry significant regulations as compared to the stock market; however, Coinbase becoming a publicly-traded company requires significant regulations and U.S. Law following.
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Coinbase is great for crypto beginners for starting. Coinbase is easy simple and best choice for crypto beginners where to buy your favorite crypto and send it directly to your wallet. Some coins are possible to stake like Cosmos and Algo with 5-6% APY but only in limited countries.
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Coinbase Reviews Read Customer Service Reviews of coinbase.com