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Some of it is insured (but unclear whether that includes cold or just hot funds). My real question is how the insurance is denominated. Does it pay out in doll
by tedunangst 9y ago
Some of it is insured (but unclear whether that includes cold or just hot funds).
My real question is how the insurance is denominated. Does it pay out in dollars or bitcoins? Did their insurance premium just go up 10x?
- deleted 9y ago[deleted]
- babaganoosh89 9y agoAll digital currency that Coinbase holds *online* is fully insured. The way they word it, only their hot wallet is insured which is ~<2% of holdings. They definitely like to make it confusing. https://support.coinbase.com/customer/portal/articles/1662379-how-is-coinbase-insured https://support.coinbase.com/customer/portal/articles/166237...
- thesehands 9y agoIndeed, no mention of insurance on the offline storage page: https://www.coinbase.com/security?locale=en https://www.coinbase.com/security?locale=en