Can I trust Coinbase's FDIC insurance coverage for my digital assets?

1 answers

• Dec 27, 2021 · 3 years ago
  While Coinbase's FDIC insurance coverage is a positive feature, it's important to consider the limitations. The insurance coverage only applies to the funds held in the USD Wallet and not to your digital assets. This means that if there is a security breach or loss of your cryptocurrencies, you won't be able to recover them through FDIC insurance. It's always recommended to use additional security measures such as enabling two-factor authentication, using hardware wallets, and keeping your private keys secure to protect your digital assets.
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