Questions tagged [goes bust]

GwanghwamunGuardianAngel Fri Sep 27 2024 | 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.

TaekwondoMaster Fri Sep 20 2024 | 6 answers 1260

As an investor, I'm naturally concerned about the stability of the companies I entrust my money with. So, I must ask, what would happen if Vanguard, a major player in the financial services industry, were to go bust? Would my investments be safe? Would I lose everything I've put in? It's crucial to understand the potential implications and have a contingency plan in place, just in case. So, could you please elaborate on what might happen in such a scenario?

SeoulSoul Sun Sep 15 2024 | 7 answers 1888

Good question! If Ledger, a popular hardware wallet company, were to go bust, the safety of your cryptocurrency would actually remain intact. This is because your cryptocurrencies are not stored on Ledger's servers, but rather on the blockchain itself. Your Ledger hardware wallet simply acts as a secure, physical device to store your private keys, which allow you to access and transact with your cryptocurrencies. So, even if Ledger were to cease operations, you would still have access to your cryptocurrencies as long as you have your Ledger hardware wallet and its corresponding private keys. It's important to keep in mind, however, that if you lose your Ledger hardware wallet or forget your private keys, you may lose access to your cryptocurrencies. Therefore, it's crucial to keep your Ledger hardware wallet and private keys SAFE and secure.

Michele Wed Sep 04 2024 | 5 answers 1345

Could you elaborate on the potential consequences if Moneybox, a popular savings and investment platform, were to experience financial difficulties or even go bust? How would this impact users' funds, and what measures are in place to protect investors in such a scenario? Additionally, what are the key factors that could lead to such an outcome, and how can users stay informed and prepared for potential risks associated with their investments on Moneybox?

LucyStone Fri Aug 30 2024 | 7 answers 1270

As an investor in Trading 212, I'm curious about the potential implications of the platform's financial stability on my funds. Could you elaborate on the safeguards in place to protect my money in the event that Trading 212 encounters financial difficulties or goes bust? Specifically, how are my funds segregated and kept separate from the company's operational funds? Are there any regulatory bodies overseeing Trading 212's operations that would ensure a fair and transparent resolution for clients in such scenarios? Additionally, what measures does Trading 212 have in place to minimize the risk of such an event occurring in the first place?