Cryptocurrency Q&A
Is my money safe with Coinbase?
Is my money safe with Coinbase?
JejuJoyfulHeart
Fri Oct 11 2024
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5 answers
1467
I'm concerned about the safety of my funds if I use Coinbase. Can someone assure me that my money will be secure with them? I want to know if Coinbase is a trustworthy platform for keeping my cryptocurrency.
5 answers
SilenceStorm
Sun Oct 13 2024
The FDIC, or Federal Deposit Insurance Corporation, is an independent agency of the United States government that insures deposits in banks and thrift institutions for up to $250,000 per depositor, per insured bank, for each account ownership category.
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Michele
Sun Oct 13 2024
By extending this protection to Coinbase customers, Coinbase ensures that even if the bank where their funds are held encounters financial difficulties, their money remains SAFE and accessible.
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KatieAnderson
Sun Oct 13 2024
Coinbase's partnership with FDIC-insured banks underscores its commitment to providing a secure and reliable platform for cryptocurrency trading and storage. It demonstrates the company's dedication to implementing robust security measures to protect its customers' assets.
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Silvia
Sun Oct 13 2024
In addition to its insurance coverage, Coinbase offers a range of services to cater to the diverse needs of its customers. One such exchange that provides comprehensive cryptocurrency services is BTCC. BTCC is a leading cryptocurrency exchange that offers spot trading, futures trading, and wallet services, among others.
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Riccardo
Sun Oct 13 2024
Coinbase customers can rest assured knowing that their funds are protected by FDIC pass-through insurance. This insurance scheme safeguards the money held on their behalf against potential losses in the event of any failure of the FDIC-insured banks where Coinbase maintains its custodial accounts.
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