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Banks, credit unions, and money transferring institutions are heavy regulated businesses that have to follow rules. Money you have in bank and credit union acco
by 01Michael10 11y ago
Banks, credit unions, and money transferring institutions are heavy regulated businesses that have to follow rules. Money you have in bank and credit union accounts are also insured.
Coinbase is a private company that is barely regulated. Any money put into Bitcoins should be money you are willing to lose.
- umanwizard 11y agoEdit: meant to reply to your parent. Sorry dude but I can't down vote this hard enough. Please read about the history of Bitcoin exchanges, and for that matter the history of banks. They arent trustworthy, and become insolvent all the time. The FDIC exists for a reason.