Is Coinbase a trusted cryptocurrency exchange?

When considering Coinbase as a potential cryptocurrency exchange, one must delve deeper into its credentials and reliability. Firstly, Coinbase boasts a robust reputation in the industry, having been operational for several years and serving millions of users worldwide. However, the question remains: Is it truly a trusted exchange? Let's analyze some key aspects. The company's strict compliance measures, including adherence to regulatory frameworks, provide a degree of assurance. Furthermore, its security measures, such as robust encryption and cold storage facilities, help mitigate risks. Nonetheless, past security incidents, although infrequent, still cast a shadow. What are Coinbase's responses to such incidents? How do they ensure user funds remain safe? Additionally, customer service and support are crucial. How does Coinbase handle complaints and issues raised by its users? These are just some of the questions that need to be asked to truly determine if Coinbase is a trusted cryptocurrency exchange.