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Archives for: June 26, 2018

What Makes Coinbase a Safe Exchange and App in 2018?

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It’s been 6 years since the cryptocurrency trading platform Coinbase was established, and in that time they have managed to rack up an impressive 10 million users, and have traded more than $50 billion. That in itself tells a story of its own. Different from its competition, Coinbase offers its users the opportunity to trade digital currencies at a set price, based on their market value, allowing users to make faster purchases that other cryptocurrency exchanges. This is just one of the Coinbase features that have made them one of the most popular and used platforms on the web today. But just is Coinbase safe in 2018?

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Find out if Coinbase is a safe exchange for bitcoin

Security Measures

When it comes to securing their users’ data, the Coinbase app uses multiple layers of protection, starting with the storage of their users personal and sensitive data done on an offline server. The disconnection from the internet protects this sensitive information from the threat of hackers. As an additional security measure, Coinbase splits this information with redundancy, and is encrypted, before being copied onto paper back-ups and USB drives.

These paper back-ups and USB drives, along with 98% of their customers’ funds, are then distributed to various vaults and safe deposit boxes across various geographical locations throughout the world.

As an organization, Coinbase ensures that the people that they employ do not have a history of criminal activity, use strong passwords, enable screen locking on their computers, as well as encrypt the hard drives that they use. In addition to these measures, customers are also required to make use of the two-factor authentication security measure to protect unauthorized entrants from accessing personal accounts.

It is due to the fact that Coinbase operates out of the United States that they are subject to abide by the rules, regulations, and legislation laid down by US State and Federal laws, providing their users with even more safeguards against their untimely loss of funds.

Insurance of Clients’ Funds

The remaining 2% of their users’ funds that are held by Coinbase, and not stored offline, are insured against any cybersecurity attacks, physical theft, and theft by an employee. These insurance policies do not however cover any losses incurred due to a breach of a users’ personal account. It is worth keeping in mind that because digital currencies are not seen as legal tender, they do not have the backing of the government, and as such, are not covered by the Securities Investor Protection Corporation, nor is protection offered by way of the Federal Insurance Deposit Corporation (FDIC).

Insurance is offered to the cash balances that are held by the company. Cash balances that have been stored in the Coinbase wallet that is, although this protection is offered to US residents only. The FDIC covers the cash deposits of US residents for their Coinbase USD Wallet of up to $250,000.

Protecting Yourself when Using Coinbase

One security issue that need to take to heart is the part you play in the protection of your account access information. Sharing your username and pass codes are not recommended, and Coinbase customer support will never ask you for these details. Be aware of the scams that are doing their rounds at the moment, and do not give out your information to anyone. Even if you think you trust them. The additional two-factor authentication provided by Coinbase must be for your eyes only, and does require the use of the Google Authenticator app to be functional. For additional protection, it is suggested that you make use of a Hardware wallet. Something offline and off the Coinbase platform should be more than sufficient.

Is Coinbase safe in 2018? The answer would be resounding yes. With their host of security measures employed and the additional insurance as well as offline storage, Coinbase is one of the safest cryptocurrency trading platforms around today.

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Top Reasons To Get The Galaxy S9 Plus

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Whenever you are searching for a brand new high-end phone, you are likely going to want to give a lot of attention to Samsung’s latest offering. Their latest offering happens to be the Samsung Galaxy S9 Plus and it turns out to be one of their best phones ever. Throughout this article, we will be going over some of the biggest reasons you might consider converting to a brand new Samsung Galaxy S9 Plus.

Reasons To Get The Galaxy S9 Plus:

Reasons to by the great Samsung Galaxy S9 Plus

1. Low Light Photos.

When it comes to phone cameras, the typical limitation of the aperture is usually seen in low light conditions. However, because the Samsung Galaxy S9 Plus series features a wider aperture than other smartphones, it is able to allow for 28 percent more light to be captured. This alone makes it one of the best low light photography cameras on a smartphone to date. This is reason enough to make the decision to upgrade if you are on an older Galaxy edition or you are coming from an older model iPhone.

2. Super Slow Motion Recording.

Another reason you might consider upgrading to an S9 Plus is that of its unique ability to capture super slow motion videos. In fact, it can capture videos at as much as 960 frames per second. This means that you are going to be able to create some awesome looking slow motion videos that you simply wouldn’t be able to with other phones on the market.

3. Fastest Phone On Paper.

With the introduction of the S9 Plus, Samsung has once again taken over the reigns as the fastest Android phone on the market on paper and in terms of benchmarks. Therefore, if you are looking for speed and multitasking capabilities, you won’t find a better Android phone on the market.

4. Brighter Screens.

You will be able to enjoy even brighter screens on this new edition than you were able to get on the previous model. This is amazing to think about considering the S8 models had some of the best screens on any smartphone period. With the S9 models, you are going to get the same technology in the screens in terms of being Super AMOLED, but they are capable of maximizing brightness even more.

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5. Stereo Speakers.

One of the major upgrades from the previous iteration of Samsung phones is the inclusion of stereo speakers. If you are someone that uses your phone without headphones a lot to consume media or to listen to music, you are likely going to be blown away by this introduction. Having stereo speakers on your phone makes a really big difference. The speakers on the S9 are actually 1.4 times louder than the speakers that you will find on the S8 models. Along with this, the new speakers feature Dolby Atmos support which helps produce a 3D-like audio experience that you will be able to enjoy the right source content.

Overall, the Samsung S9 series is Samsung’s best yet. They made both subtle refinements to the S8 models that make a very big difference.


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