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It uses cryptography to secure and verify transactions as well as to control the creation of new units of a particular cryptocurrency. Is Coinbase safe? A Brief Description of C ryptocurrency and BitcoinĪs Cointelegraph says, a cryptocurrency is “ a digital or virtual currency designed to work as a medium of exchange. This is why we think that financial education is as important as a good cybersecurity culture – and cryptocurrency is the part in which the two intertwine. As a cybersecurity company, we understand how important money is – for people like us, trying to get more digitally-savvy, for cybercriminals, whose only goal, disregarding whatever method they use for hacking, is to make a profit and get something valuable from their victims, but also for pretty much everyone else who wants to have a nice and decent life. What privacy and security concerns should Coinbase users have? Is Coinbase safe to use? What should you keep in mind before you dive? In this guide, I will walk you through all that and more.