Does Coinbase offer FDIC insured wallets?

4 answers

• Fares KarimSep 20, 2024 · 9 months ago
  Yes, Coinbase offers FDIC insured wallets to provide an extra layer of security for your digital assets. The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the United States government that protects depositors against the loss of their insured deposits in the event that an FDIC-insured bank or savings association fails. With Coinbase's FDIC insured wallets, your digital assets are protected up to $250,000 per customer, just like a traditional bank account.
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• pakaleeAug 05, 2022 · 3 years ago
  Absolutely! Coinbase is one of the most trusted and reputable cryptocurrency exchanges in the industry. They take the security of their customers' digital assets very seriously and have implemented various measures to ensure the safety of funds. One of these measures is offering FDIC insured wallets, which means that even if Coinbase were to experience a security breach, your digital assets would still be protected up to $250,000 per customer.
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• EG JeansAug 21, 2020 · 5 years ago
  Yes, Coinbase does offer FDIC insured wallets. This means that if Coinbase were to go bankrupt or suffer a security breach, your digital assets stored in their wallets would be protected by the FDIC up to $250,000 per customer. It's important to note that not all cryptocurrency exchanges offer this level of protection, so it's definitely a reassuring feature of Coinbase.
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• Nilaaam 2ndAug 01, 2022 · 3 years ago
  Coinbase is a reputable cryptocurrency exchange that offers FDIC insured wallets. This means that your digital assets stored in their wallets are protected by the FDIC up to $250,000 per customer. It's always a good idea to choose an exchange that offers this level of protection to ensure the safety of your funds.
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