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Coinbase is a bitcoin exchange platform based mostly in San Francisco and founded in 2012. It has apps for each iOS and Android, and features constructed-in wallets for bitcoins, ether, and the nice old US greenback. The wallets are very secure, requiring a 3-step verification course of in order to access the Coinbase app.
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The supposedly excessive-return funding fund Bitcoin Savings & Trust turned out to be a pyramid scheme, its proprietor charged with ripping off buyers for $4.5 million in bitcoins. MyBitcoin, a “pockets” service that stored bitcoins like a checking account, disappeared with about $1 million worth of users’ bitcoins. Several of probably the most trusted and nicely-identified Bitcoin companies, together with the Mt. Gox and the now-defunct Bitcoinica exchanges, have additionally suffered excessive-profile thefts.
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