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To be clear: You can sell 100 btc today for USD. Coinbase will hold your USD (and the balance is insured). They will limit your withdraws to 10k, however. To
by etr-strike 9y ago
To be clear: You can sell 100 btc today for USD. Coinbase will hold your USD (and the balance is insured). They will limit your withdraws to 10k, however. To take out more faster, you'll need to contact them and speak with a human. None of this seems unreasonable.
- QAPereo 9y agoIt paints a bleak picture of bitcoin runs on insolvent and poorly insured exchanges when the bottom falls out.
- etr-strike 9y agoCoinbase is insured via FDIC, so I don't think "poorly" as an appropriate adverb.
- QAPereo 9y agoAssuming everything goes smoothly in that regard, it’s still a limited coverage.