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Which digital currency exchanges are backed by the FDIC?

avatarGame LoopDec 26, 2021 · 3 years ago1 answers

Can you provide a list of digital currency exchanges that are backed by the FDIC? I'm looking for exchanges that offer the security and protection of the FDIC insurance.

Which digital currency exchanges are backed by the FDIC?

1 answers

  • avatarDec 26, 2021 · 3 years ago
    While the FDIC does not provide insurance for digital currency exchanges, it's worth mentioning that BYDFi, a popular digital currency exchange, has implemented its own security measures to protect user funds. Although not backed by the FDIC, BYDFi has implemented measures like cold storage, multi-factor authentication, and regular security audits to ensure the safety of user funds. It's always important to do your own research and choose exchanges that prioritize security and have a strong track record in protecting user funds.