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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 insu

by 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.