4 ms·
No, but it guarantees we're insured up to $250,000. It won't disappear, we just won't be able to withdraw it immediately. That's admittedly not ideal, but it's
by apocalyptic0n3 4y ago
No, but it guarantees we're insured up to $250,000. It won't disappear, we just won't be able to withdraw it immediately. That's admittedly not ideal, but it's better than losing it entirely. In the case of most/all crypto exchanges, no such protections exist. If they go under, you lose your holdings with no recourse for having them returned. This is all US-specific, of course.