Cryptocurrency Q&A Does Coinbase store a recovery phrase?

Does Coinbase store a recovery phrase?

SamuraiCourageous SamuraiCourageous Sun Oct 06 2024 | 5 answers 1145
I'm curious to understand the security measures employed by Coinbase when it comes to safeguarding users' funds. Specifically, I'm wondering if Coinbase stores a recovery phrase for its users' digital wallets. It's crucial for users to have access to their recovery phrase in case they forget their login credentials or lose access to their device. So, does Coinbase retain a copy of this sensitive information, or do users need to keep it SAFE on their own? And if Coinbase doesn't store it, what steps does the platform take to ensure users can regain access to their funds in case of emergencies? Does Coinbase store a recovery phrase?

0 answers

| Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts