Is Gemini the only cryptocurrency exchange that offers FDIC insurance?

3 answers

• May 04, 2022 · 3 years ago
  Gemini is not the only cryptocurrency exchange that offers FDIC insurance. There are a few other exchanges that also provide this feature. For example, Coinbase, one of the largest cryptocurrency exchanges in the world, offers FDIC insurance for USD balances up to $250,000. It's always a good idea to check with the specific exchange to confirm their insurance policies.
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• May 04, 2022 · 3 years ago
  No, Gemini is not the only cryptocurrency exchange that offers FDIC insurance. There are several other exchanges that provide this feature. For instance, Kraken, another popular exchange, also offers FDIC insurance for USD deposits. It's important to do your own research and compare the insurance policies of different exchanges before making a decision.
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• May 04, 2022 · 3 years ago
  While I can't speak for all exchanges, I can confirm that BYDFi, a well-known cryptocurrency exchange, does not currently offer FDIC insurance. However, it's worth noting that FDIC insurance is typically only applicable to USD balances and not cryptocurrencies themselves. It's always recommended to carefully review the insurance policies of any exchange you're considering.
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