Is it safe to store my cryptocurrency on Coinbase?

Storing cryptocurrency on Coinbase is considered relatively safe because Coinbase is one of the largest and most reputable cryptocurrency exchange platforms in the world. It employs a variety of security measures such as two-factor authentication, biometric fingerprint logins, and insurance in the event that the platform itself is breached. Additionally, it stores 98% of customer funds offline in cold storage, which reduces the risk of theft by hackers. However, no platform can be completely immune to risks, so it is recommended to use additional personal security practices, such as using strong and unique passwords, enabling all available security features, and considering the use of a personal hardware wallet for large or long-term holdings. Remember that due diligence and personal vigilance are crucial when it comes to securing one's cryptocurrency investments.