Cryptocurrency Q&A
Are Binance funds insured?
Are Binance funds insured?
DigitalDuke
Tue Nov 19 2024
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7 answers
1518
I'm considering using Binance for my cryptocurrency trading and investments, but I'm concerned about the safety of my funds. I would like to know if Binance offers any kind of insurance for the funds stored on their platform in case of any unexpected events or security breaches.
7 answers
CryptoEagle
Thu Nov 21 2024
Binance.US ensures the safety of cash deposits by holding them in U.S. banks.
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Silvia
Thu Nov 21 2024
These deposits are further insured by the Federal Deposit Insurance Corp. (FDIC).
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Lorenzo
Thu Nov 21 2024
The insurance covers up to $250,000 per deposit.
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CryptoWanderer
Wed Nov 20 2024
Unlike cash deposits, cryptocurrency held on Binance is not insured.
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Giulia
Wed Nov 20 2024
Binance has taken measures to safeguard user funds in other ways.
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