Topic: Can Coinbase be hacked? (Read 4916 times)
I think one should have your phone to recover password but as you said you use an Android phone so Android phones are not 100% safe so don't keep useful data in your phone and don't leave bluetooth opened every time.
Can Coinbase be hacked if you use 2 factor Authentication, email address associated Gmail with 2 factor ID with SMS verification. Gmail is my regular account which I log into often.
I log in on my laptop which is fairly secure and smart phone android.
I log in on my laptop which is fairly secure and smart phone android.
Everything can be hacked... something on the hard way and something on the easy way... it depends about you on what way you'll be hacked...
Do not store your bitcoins on any exchange. There is a chance that they can be hacked. Just store it on cold wallet.
Everything can be hacked. To hack this they will need your password and the google auth app on your phone
Everything that is online can be hacked.
If it is worth it and/or someone will put the effort in it is another question.
If it is worth it and/or someone will put the effort in it is another question.
Not unless someone has both your password and your phone; otherwise, no.
Yep, unless a server side hacks happense which is unlikely!
Why is it unlikely? We have seen quite a lot of server-side hacking in huge tech companies in the past.
I dont think so he would have to have pw and phone.. no chance
Not unless someone has both your password and your phone; otherwise, no.
Yep, unless a server side hacks happense which is unlikely!
Another risk of hacking your bitcoins come from the hacking of the site itself and not just your account. you should be careful with both online and offline wallets (have a very secure wallet and hidden private keys etc...)
I heard Electrum is a good Bitcoin Client, Check it out if you want.
Yup, Electrum is pretty good.
It is easy to use and there is no need to store all the block data.
I heard Electrum is a good Bitcoin Client, Check it out if you want.
Anything can be hacked though they store most of their funds in offline cold wallets which mitigates risk greatly. It's more likely your computer gets compromised giving the attacker access to your account.
I wouldnt worry about it. Always use 2FA on your account. Coinbase keeps most of their coins in cold storage so even if they got hacked, they wouldn't lose much.
mobile sms can hack, password too.
But it is very expensive to hack sms.
hacking password is very much depends on its complexity.
And of course viruses - they like windows and windows like them.
But it is very expensive to hack sms.
hacking password is very much depends on its complexity.
And of course viruses - they like windows and windows like them.
Why do you say it's expensive to hack sms?
What we need is eyelock myris retina scanner.
Yes it can be hacked. every online wallet can be hacked
Can Coinbase be hacked? Definitely.
All those big tech companies like Google, Yahoo, Facebook, Twitter have been hacked previously, what makes you think Coinbase cannot be hacked?
All those big tech companies like Google, Yahoo, Facebook, Twitter have been hacked previously, what makes you think Coinbase cannot be hacked?
Would be really hard to do... but yes. Anything is hackable in some way if it is online.
I would never keep a large amount online.
I would never keep a large amount online.
I see a bit too much emphasis on wallet security with some gut wrenching stories about how someone made a super secure wallet and then deleted all keys. I think reliable recovery (have wallet encrypted and backed up in dropbox, email, flash, etc) is much more important on "average" than concerns about security.
Indeed, it is always suggested to both encrypt your wallet and make multiple backups.
Example: you made a paper wallet with 10BTC in it, then used private keys to send 2 BTC to someone. Do you think that 8 BTC are still in your paper wallet? Nope, they are in your "change" address and this confounded many people before.
It depends.
For some wallets, you can adjust the setting to "disable" the use of "change addresses".
So, in your example, the wallet will automatically create a tx which send 2 BTC out and 8 BTC "change" back to the original address.
For other wallets, you can still put your own address as a recipient and create the above tx manually (2 BTC out, 8 BTC back to yourself).
Any online site has the possibility of being hacked. Risk -vs- Convenience on our part.
Do not put all your eggs into one basket, or all of your coins in one online wallet, exchange, etc...
Do not put all your eggs into one basket, or all of your coins in one online wallet, exchange, etc...
I see a bit too much emphasis on wallet security with some gut wrenching stories about how someone made a super secure wallet and then deleted all keys. I think reliable recovery (have wallet encrypted and backed up in dropbox, email, flash, etc) is much more important on "average" than concerns about security. People are constantly losing massive amounts of bitcoins through the loss of private keys. Coinbase is pretty good at security, but you don't have to store all of your coins there.
One additional important point: paper wallet and "change" address conundrum.
Example: you made a paper wallet with 10BTC in it, then used private keys to send 2 BTC to someone. Do you think that 8 BTC are still in your paper wallet? Nope, they are in your "change" address and this confounded many people before.
One additional important point: paper wallet and "change" address conundrum.
Example: you made a paper wallet with 10BTC in it, then used private keys to send 2 BTC to someone. Do you think that 8 BTC are still in your paper wallet? Nope, they are in your "change" address and this confounded many people before.
Jump to: