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Changing or Resetting Your Coinbase Password: Essential Steps for Secure Online Transactions
Change your Coinbase password regularly to maintain account security.
Here’s a simple guide on how to do it:
- Importance of Changing Your Password: Regularly update your password to protect against potential breaches and unauthorized access.
- Steps to Change Your Password: a) Log in to Coinbase, b) Click ‘Profile,’ c) Select ‘Security,’ d) Choose ‘Change Password,’ e) Enter current password and create a new one, f) Confirm your new password, g) Save changes.
- Creating a Strong Password: A strong password consists of 12 characters with numbers, symbols, and upper- and lowercase letters. Avoid common words or phrases and personal information.
- Real-life Example: In December 2017, over 6,000 Coinbase accounts were compromised due to weak passwords. Hackers used a list of commonly used passwords for unauthorized login attempts.
- Expert Opinions and Recommendations: Cybersecurity expert Brian Kreb advises, "A strong password is the first line of defense against cyberattacks." Use a reputable password manager like LastPass or 1Password to securely store unique passwords.
- Frequently Asked Questions:
Q:
How often should I change my password? A: Every 90 days is recommended.
Q:
What if I forget my new password?
A: Use the account recovery process or contact Coinbase support for assistance.
Q:
Can I use the same password on multiple accounts? A: No, always create a unique password for each account.