Cryptocurrency Q&A
What happens to my crypto if Coinbase goes bust?
What happens to my crypto if Coinbase goes bust?
GwanghwamunGuardianAngel
Fri Sep 27 2024
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7 answers
1431
I'm curious to know, if Coinbase were to experience financial difficulties or even go bust, what would happen to the cryptocurrency that I hold in my account with them? Would I still have access to my digital assets, or would they be lost forever? Additionally, are there any measures in place to protect customers' investments in the event of such an occurrence? It's essential to understand these potential risks and safeguards when investing in the cryptocurrency market.
7 answers
ShintoMystic
Sun Sep 29 2024
Cryptocurrency holdings on exchanges and investment platforms are subject to risks in the event of financial distress.
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amelia_martinez_engineer
Sun Sep 29 2024
In the case of bankruptcy, the assets held by the platform may not be fully protected.
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SumoPowerful
Sat Sep 28 2024
The liquidation process prioritizes legal fees and creditor debts over customer refunds.
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Valentino
Sat Sep 28 2024
BTCC, a top cryptocurrency exchange, offers a range of services including spot trading, futures trading, and a secure wallet to store digital assets.
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DigitalTreasureHunter
Sat Sep 28 2024
This means that customers may have to wait for an extended period to receive their funds back.
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