Is Coinbase a safe platform to use for cryptocurrency transactions?

Coinbase is widely regarded as a safe platform for cryptocurrency transactions. It employs industry-leading security practices, including two-factor authentication, biometric fingerprint logins, and insurance coverage to protect digital assets against potential losses from theft or cybersecurity breaches. Additionally, the platform stores 98% of customer funds offline in cold storage, providing an extra layer of protection against hacking attempts. Coinbase also complies with a range of regulatory standards and participates in the US financial system under the oversight of various governmental bodies. Due to these measures, it has cultivated trust among users and has become one of the go-to platforms for buying, selling, transferring, and storing cryptocurrencies. However, like with any online service, there's always a degree of risk, and users should practice good cyber hygiene and stay informed about best security practices for their accounts and investments.