Cryptocurrency Q&A
Does Coinbase keep your money safe?
Does Coinbase keep your money safe?
DigitalCoinDreamer
Thu Dec 05 2024
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7
answers
1373
I'm considering using Coinbase to store my cryptocurrencies, but I'm concerned about the safety of my funds. I want to know if Coinbase can keep my money SAFE and secure.
7 answers
OliviaTaylor
Sat Dec 07 2024
FDIC pass-through insurance serves as a safeguard for funds held on behalf of Coinbase customers.
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KimonoElegance
Sat Dec 07 2024
This insurance mitigates the risk of loss in the event of a failure involving FDIC-insured banks.
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Margherita
Sat Dec 07 2024
Coinbase maintains custodial accounts with these banks to manage customer funds.
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Sofia
Fri Dec 06 2024
Should any of these banks encounter difficulties, the insurance policy will come into effect.
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SamsungShine
Fri Dec 06 2024
The protection covers funds that are deposited and held in trust for Coinbase users.
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