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All crypto on Coinbase is insured, according to: https://support.coinbase.com/customer/portal/articles/1662379-how-is-coinbase-insured- https://support.coinbas

All crypto on Coinbase is insured, according to: https://support.coinbase.com/customer/portal/articles/1662379-how-is-coinbase-insured- https://support.coinbase.com/customer/portal/articles/166237... This counts for a lot IMO. Of course there are still questions of whether and how the insurance comes through. But it's a big step to make such a declaration, and the implications on security are significant.

gibybo 9y ago
When they say stored 'online' they mean 'not in cold storage'. 98% (according to that article) of the crypto held by Coinbase is in cold storage and is not insured.
- qyv 9y ago
  I wonder how many people make this exact mistake.
- rebuilder 9y ago
  Which makes sense. I imagine insuring cryptocurrencies is very, very expensive, considering the risk profile.
- aboodman 9y ago
  Good point. The cold storage procedure is also impressive, but not as impressive as full insurance.