Cryptocurrency Q&A
Is it safe to hold money in Coinbase?
Is it safe to hold money in Coinbase?
BusanBeautyBlooming
Fri Nov 29 2024
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5 answers
988
I'm considering storing my money in Coinbase, but I'm not sure if it's a SAFE option. I want to know if holding funds in Coinbase is secure and if there are any risks involved.
5 answers
SunlitMystery
Sun Dec 01 2024
Coinbase prioritizes the safety and liquidity of its clients' funds.
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alexander_jackson_athlete
Sun Dec 01 2024
The majority of client cash on Coinbase is securely stored in FDIC-insured bank accounts.
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Nicola
Sun Dec 01 2024
Additionally, Coinbase utilizes U.S. government money market funds for further protection of client funds.
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Sofia
Sun Dec 01 2024
Coinbase adheres to a 1:1 holding ratio for client cash, ensuring that every dollar deposited is backed by a corresponding dollar held by the exchange.
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Davide
Sat Nov 30 2024
This practice ensures that clients' assets remain their assets, with Coinbase merely acting as a custodian.
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