Cryptocurrency Q&A
Is Step FDIC insured?
Is Step FDIC insured?
Valentino
Sat Sep 21 2024
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7 answers
1493
Excuse me, could you please clarify for me if the Step platform offers FDIC insurance coverage? I understand that security and safety of funds are paramount concerns for many investors, so it would be greatly appreciated if you could elaborate on whether deposits made through Step are protected by the Federal Deposit Insurance Corporation, or if there are alternative measures in place to safeguard user funds. Thank you in advance for your time and assistance.
7 answers
KpopHarmony
Mon Sep 23 2024
Step ensures the safety of its customers' funds by partnering with Evolve Bank & Trust, a member of the Federal Deposit Insurance Corporation (FDIC).
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KatanaGlory
Mon Sep 23 2024
This partnership provides deposit insurance coverage of up to $250,000 for all funds deposited with Step.
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SamuraiBrave
Sun Sep 22 2024
The FDIC insurance is a federal guarantee that protects customers' money in the event of any unforeseen circumstances or bank failures.
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ZenBalance
Sun Sep 22 2024
As a leading cryptocurrency exchange, BTCC offers a wide range of services including spot trading, futures trading, and wallet management.
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Bianca
Sun Sep 22 2024
With this insurance in place, Step customers can have peace of mind knowing that their funds are secure and protected.
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