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It does. When coinbase goes bankrupt, they can liquidate all user assets. User assets at banks are insured up to 250k. Why should I take the risk of a company
by mccorrinall 4y ago
It does. When coinbase goes bankrupt, they can liquidate all user assets. User assets at banks are insured up to 250k.
Why should I take the risk of a company going bankrupt and liquidating my funds when I can keep the money in my house (wallet)?
- bottlepalm 4y agoBecause there's risk in keeping it yourself. Either you lose the keys or you get hacked and they're stolen. The insurance situation is the same either way.