I don't know how good those insurances are. I assume FDIC is good. Although you'd have less of a 'reason' to keep fiat on an exchange unless you are trading. F

I don't know how good those insurances are. I assume FDIC is good. Although you'd have less of a 'reason' to keep fiat on an exchange unless you are trading. For the crypto - well it depends on the insurance I can't really say how effective it would be. I'd worry it would pay out in fiat what the coin was worth at the time, which could be disappointing during a rally, plus you have to wait for the payout, plus it might be a taxable event? And of course the insurance may just not pay out. What if they decide it was your fault your coins were lost?