Coinbase protects your account with 2-step verification, which is enabled by default on your account. The first step is to enter your password. The second step is to confirm the access request with a code that’s sent to you via SMS or email.
We would like to present you with the best ways to protect your Coinbase wallet.
- First, you can enable 2-factor authentication, by going to Settings > Security > 2-Factor Authentication and then setting up a phone number for verification. Once you have an authentication method set up, go to Settings > Accounts and turn on “Verify phone number”.
- Secondly, disable SMS as a second authentication factor by going to Settings > Security > Phone & Text options and select “Don’t ask again on this computer”. This will make it so that if someone tries to access your Coinbase account from a different device, the app will ask for the password associated with your account.
- Thirdly, go into Settings > Spending limits and set an individual limit on every card or bank account that is linked with your account.
You can also set up Google Authenticator as an additional verification method on your account. Coinbase will never ask for this information via email, so be sure to always check the sender of any email you receive from Coinbase or any links included in it before entering any information.
For increased protection, you can create multiple Coinbase accounts for different purposes and store funds in each one separately. Just keep in mind that if you have both a US and European Coinbase account, for example, it may take some time for your funds to transfer between them.