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> Since coinbase isn’t FDIC insured Coinbase Pro is FDIC insured, makes one wonder why Coinbase itself isn't. https://pro.coinbase.com/?1416 https://pro.coinb
by core-utility 4y ago
> Since coinbase isn’t FDIC insured
Coinbase Pro is FDIC insured, makes one wonder why Coinbase itself isn't.
https://pro.coinbase.com/?1416 https://pro.coinbase.com/?1416
- mupuff1234 4y agoAfaict only fiat holdings are FDIC insured (for both pro and non-pro).
- Melting_Harps 4y ago> Coinbase Pro is FDIC insured, makes one wonder why Coinbase itself isn't. This is exactly what those not familiar with Coinbase don't understand, the two systems are tiered and reflect that: Coinbase is by far the worst exchange experience, and they do not car about their customers unless they are Pro customers. This gives the average person with limited knowledge the worst possible UX into thinking this is how things are and likely deters them from ever trying againg when their order doesn't get completed because of some arbitrary reason. They did this to themselves, I can assure you this was a long time coming.
- ceejayoz 4y ago“All USD balances are covered by FDIC insurance”; most people aren’t using them as a USD bank account. Crypto assets aren’t covered by this.
- Alex3917 4y ago> most people aren’t using them as a USD bank account. Crypto assets aren’t covered by this. There are lots of people who keep USD there with open flash crash orders. Of course if Coinbase fails, the prices may basically flash crash to zero and your orders will be filled, and then you are no longer FDIC insured.
- core-utility 4y agoAhhh, good catch. Maybe it's time to buy a Ledger.