I'm considering using Coinbase for cryptocurrency transactions, but I'm concerned about the safety of my funds. I want to know if Coinbase provides any guarantee for the money deposited by users.
7 answers
Pietro
Fri Dec 06 2024
Coinbase operates without the insurance coverage provided by the Federal Deposit Insurance Corporation (FDIC).
MysticInfinity
Fri Dec 06 2024
Cryptocurrency held on Coinbase is not insured or guaranteed by the FDIC.
Michele
Fri Dec 06 2024
Similarly, the Securities Investor Protection Corporation (SIPC) does not protect cryptocurrency investments.
SumoStrength
Thu Dec 05 2024
Cryptocurrency investments on Coinbase are not subject to the protections offered by SIPC.