Cryptocurrency Q&A
Is CoinPayments good?
Is CoinPayments good?
Nicola
Mon Nov 11 2024
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5 answers
764
I'm considering using CoinPayments for my cryptocurrency transactions, but I'm not sure if it's a reliable platform. I've heard mixed reviews about it, so I want to know if it's generally considered to be good.
5 answers
Martina
Wed Nov 13 2024
This openness acts as a safeguard against potential vulnerabilities and malicious activities. Since the code is accessible, developers and security experts can audit it to identify and rectify flaws.
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KimonoElegantGlitter
Wed Nov 13 2024
In contrast, closed-source wallets, whose code is not publicly available, may harbor unknown risks. Without the ability to review the code, users rely solely on the trustworthiness of the wallet provider.
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KpopStarletShine
Wed Nov 13 2024
A notable incident occurred in 2017 when CoinPayments, a crypto payment processor, suffered a significant theft. The breach was traced back to a software bug within the platform.
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Paolo
Wed Nov 13 2024
As a result, numerous users fell victim to the theft, with their XRP tokens being stolen from their wallets. This underscores the importance of choosing a secure and trustworthy wallet service.
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Bianca
Wed Nov 13 2024
Open-source crypto wallets enjoy widespread recognition for their security features. The transparency of their code allows anyone to scrutinize and verify its integrity.
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Related questions
- How much does CoinPayments charge?
- Can you use CoinPayments in USA?U.S. is also not the only country barred by the platform. Rather the U.S. has now joined the company's existing list of some 34 nations (including countries sanctioned by the U.S. Treasury's OFAC) where CoinPayments and its parent company UAB Star Ventures do not trade.
- Is CoinPayments a safe website?
