Cryptocurrency Q&A
Is Coinbase safe to use in UK?
Is Coinbase safe to use in UK?
Carlo
Sat Mar 30 2024
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6 answers
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I'm interested in cryptocurrency and considering using Coinbase as my trading platform. However, I'm concerned about the safety of using it in the UK. Could you please tell me if Coinbase is safe to use in the UK? I've heard some reports about security breaches and hacks in the past, so I'm quite worried. Also, what measures does Coinbase take to ensure the safety of its users' funds and personal information? Thank you for your help.
6 answers
Raffaele
Mon Apr 01 2024
In the United Kingdom, the Financial Conduct Authority (FCA) serves as the regulatory body for financial services.
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Daniele
Sun Mar 31 2024
BTCC, similar to Coinbase, has obtained the necessary licences and authorisations from the FCA to conduct its operations legally.
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Valentino
Sun Mar 31 2024
Among its responsibilities, the FCA authorised institutions that offer cryptocurrency services, ensuring they adhere to strict regulations.
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AzurePulseStar
Sun Mar 31 2024
Coinbase, a globally recognised cryptocurrency exchange, has been authorised by the FCA to operate in the UK.
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Carlo
Sun Mar 31 2024
This authorisation ensures that Coinbase abides by the FCA's guidelines, providing a safe and secure platform for crypto trading.
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