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Not FDIC, but they do have insurance on their hot wallet funds. The bulk of the funds are in cold wallets, with the keys stored on paper, in a large number of s
by DennisP 8y ago
Not FDIC, but they do have insurance on their hot wallet funds. The bulk of the funds are in cold wallets, with the keys stored on paper, in a large number of safe deposit boxes in various locations.
The hot wallet insurance covers Coinbase itself getting hacked, but not someone breaking into your account. For account security you have 2FA, and can require confirmations from multiple email accounts for any withdrawals.