Coinbase
Summary
Coinbase is a secure cryptocurrency platform that allows you to buy, sell, and store cryptocurrency such as Bitcoin, Ethereum, and more. You can sign up for free and only costs what you are willing to invest in cryptocurrency.
Breach History
Has there ever been a breach or data leak?
No known hacks or data breaches!
🎉
Privacy Checklist
Is any kind of biometric data collected (health, heart, voice, etc.)?
Are you able to delete your data / the data collected about you?
Does it use cookies, telemetry, or third-party tracking scripts?
Is the privacy policy user-friendly (easy to understand)?
Does it have parental controls?
Does it use encryption to protect your data both in-transit and at-rest?
Does it get regular software and / or firmware updates?
Does it require you to create a strong password?
Is there a system in place for managing security vulnerabilities?
Does it have a privacy policy?
How Can It Snoop?
Does it have a camera or request / require access to a camera?
Does it have a microphone or request / require access to a microphone?
Does it track your location or request / require access to location data?
Account Requirements
Does it require an email address to use?
Does it require a phone number to use?
Does it require an address (home or office) to use?
Payment Options
Are you able to use a credit card as a payment option?
Are you able to use a cryptocurrency as a payment option?
Are you able to use PayPal as a payment option?
Are you able to use cash or gift cards as a payment option?
What Could Go Wrong?
There is not much risk in using this website. Coinbase only shares your information with financial institutions to verify payment, and may internally review your information to send you personalzied marketing emails. However, this data is not shared with other undisclosed third parties.
How Does It Share Your Data?
Coinbase only shares your personal information with your financial institutions, service providers, and other third party services designed to prevent fraud.
Good Things
- Allows you to buy and sell cryptocurrency.
- Allows for peer-to-peer transactions.
Bad Things
- Requires you to invest in online currency with high volatility / fluctuating value.
Final Thoughts
Coinbase is a secure cryptocurrency platform that only shares your personal information with service providers and third party services designed to prevent fraud. Also, Coinbase has a policy that states that if they were to suffer a breach, their insurance policy would pay out any lost customer funds. There is little risk in using Coinbase.