Breaking news! Coinbase has another failure. How can we ensure the safety of our funds?
Just today, the famous American cryptocurrency exchange Coinbase experienced a comprehensive system failure. The official X account said that the team is fully investigating and solving the problem, and reiterated that users' funds are safe.
As of press time, the Coinbase official website has not been restored, and a "503 service is temporarily unavailable" warning has appeared. You should know that this is not the first time that Coinbase has had a technical failure.
In March of this year, Coinbase had a brief technical failure. At that time, some users' account balances were mistakenly displayed as zero US dollars, and there were even two errors in a week, which was really worrying.
In addition to being the largest exchange in the United States, Coinbase is also the institutional custodian of the US Bitcoin spot ETF, including BlackRock.
In the face of occasional failures in exchanges, I think it is best for retail investors to store them in a dispersed manner. Don't put your eggs in just one basket, and don't invest in just one exchange. Try to disperse as much as possible. In addition to putting them in exchanges, you can also try to put them in cold wallets. After all, ensuring the safety of our funds is the top priority.
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