Why do some traders prefer using Coinbase despite the higher prices shown?

1 answers

• Dec 17, 2021 · 3 years ago
  As a representative of BYDFi, I can tell you that some traders prefer using Coinbase despite the higher prices because of the additional security measures it offers. Coinbase has implemented various security features, such as two-factor authentication and cold storage for funds, to protect users' assets. This extra layer of security can give traders peace of mind knowing that their funds are less likely to be compromised. Additionally, Coinbase has a strong track record of handling security incidents professionally and compensating affected users. So, even though the prices may be slightly higher, the enhanced security measures provided by Coinbase make it a preferred choice for many traders.
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