>>So you're still at the mercy of their offline storage security. Not saying there is a better option for most people, but this wouldn't protect you against a G

>>So you're still at the mercy of their offline storage security. Not saying there is a better option for most people, but this wouldn't protect you against a Gox-like breach. Just FYI, Coinbase's staff is infinitely superior to the embarrassing shenanigans of MtGox. If you want to get an idea of what they're doing, jump to 12min30secs in this video https://www.youtube.com/watch?v=ZwG1roO70co https://www.youtube.com/watch?v=ZwG1roO70co Assuming that Bitcoins won't be FDIC insured in the foreseeable future, this is as good as it gets imho unless you feel better moving the majority of your coins to your own address and keeping the private-key yourself. _______ And as always, Disclaimer: Bitcoins are not FDIC insured and it's still wild-west out there. Don't play with money you cannot afford to lose without any recourse.