Is my money safe on Coinbase with FDIC backing?

3 answers

• May 05, 2022 · 3 years ago
  Yes, you can trust Coinbase to keep your money safe with FDIC backing. The FDIC backing ensures that if Coinbase were to fail, your eligible funds would be insured up to $250,000 per depositor, just like a traditional bank account. This provides an extra layer of protection for your funds.
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• May 05, 2022 · 3 years ago
  Absolutely! Coinbase is one of the most reputable cryptocurrency exchanges and their partnership with the FDIC adds an extra level of security. The FDIC backing means that even if Coinbase were to go bankrupt, your funds would still be protected up to $250,000. So you can rest assured that your money is safe on Coinbase.
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• May 05, 2022 · 3 years ago
  As an expert in the field, I can confirm that Coinbase is indeed backed by the FDIC. This means that your funds are insured up to $250,000, just like a regular bank account. So you can have peace of mind knowing that your money is safe on Coinbase.
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