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Bitcoinist
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Coinbase Lawsuit, a Privacy Disaster Waiting to Happen? Why Self-Custody Crypto Wallets Like Best Wallet are Safer
- Coinbase is facing a class-action lawsuit filed by Illinois residents alleging processing of biometric data without consent, breaching the Biometric Information Privacy Act.
- The lawsuit claims that Coinbase transmitted data to third-party vendors without users' consent, similar to a previous lawsuit filed in 2023.
- Coinbase's privacy issues continue to escalate post-hack, raising concerns about data security and consent violations.
- Non-custodial crypto wallets like Best Wallet offer a safer alternative for storing crypto, allowing individuals to own and control their keys with minimal data collection.
- Best Wallet emphasizes personal data privacy, secure key ownership, and additional benefits through its token.
- The article criticizes Coinbase's handling of user data and the potential risks involved in storing crypto on centralized exchanges like Coinbase.
- Best Wallet is highlighted as a reliable non-custodial option that prioritizes user privacy and security, offering features like staking, token investment, and industry-high APYs.
- Investing in the Best Wallet Token presale provides benefits such as reduced fees, staking rewards, and participation in the growing ecosystem.
- Security measures in Best Wallet include Fireblocks MPC for cloud backup, ensuring the safety of multi-chain wallets.
- The article concludes by advocating for self-custody crypto wallets like Best Wallet over centralized exchanges like Coinbase for enhanced control, privacy, and potential investment gains.
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