Cryptocurrency Q&A Is Gemini FDIC insured?

Is Gemini FDIC insured?

CryptoElite CryptoElite Thu Sep 05 2024 | 6 answers 966
I understand that many people are interested in the security of their investments, especially when it comes to cryptocurrency exchanges like Gemini. So, I have to ask, is Gemini FDIC insured? For those who may not be familiar, FDIC insurance is a type of protection that covers bank deposits up to a certain amount in the event of a bank failure. It's a safety net that gives people peace of mind when it comes to their money. So, is there a similar type of protection in place for cryptocurrency held on Gemini? I'm curious to know if my investments are as secure as they would be in a traditional bank account. Is Gemini FDIC insured?

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