I was wondering about security implications of linking my bank account with a service like coinbase.
1) If my account gets hijacked would somebody else be able to withdraw $$$ from my bank, buy BTC, and then transfer coins to his wallet?
2) If somebody steals their database with my bank's account and routing numbers, would they be able to use this info to "clean" my bank account?
Thanks!
1) If my account gets hijacked would somebody else be able to withdraw $$$ from my bank, buy BTC, and then transfer coins to his wallet?
2) If somebody steals their database with my bank's account and routing numbers, would they be able to use this info to "clean" my bank account?
Thanks!
Both are true, however the bank can reverse fraudulent withdrawals, which is why coinbase makes you wait.
