17 ms·

Worth mentioning, Coinbase has some kind of insurance: https://support.coinbase.com/customer/portal/articles/1662379-how-is-coinbase-insured- https://support.co

• vkou 11y ago
  This is only insurance for their hot wallet (Quite literally, the cash that a bank would keep in their teller registers.) The overwhelming majority of their deposits are not insured.
• gohrt 11y ago
  That's Coinbase's insurance. That's not coinbase customers' indurance. FDIC is _my_ insurance coverage. > Coinbase is insured against employee theft and hacking in an amount that exceeds the average value of online bitcoin it holds at any given time. If someone steals 90% of Coinbase's transiently held coins, no insurance coverage.