> The difference being that Lloyd's isn't going insure your personal wallet. If you follow modest security practices (like spending $100 on a hardware wallet),

> The difference being that Lloyd's isn't going insure your personal wallet. If you follow modest security practices (like spending $100 on a hardware wallet), you certainly don't need Lloyd's to insure your wallet. > How is using Coinbase different from holding a balance with any other bank? It's fairly similar. Half the point of Bitcoin is that you aren't obligated to use a bank. You can just take care of it yourself.