Cryptocurrency Q&A
Is it safe to keep USDC in Coinbase?
Is it safe to keep USDC in Coinbase?
Sara
Wed Dec 04 2024
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5 answers
1133
I'm considering storing my USDC in Coinbase, but I'm not sure if it's a safe option. I want to know if keeping my USDC in Coinbase is secure and if there are any risks involved.
5 answers
Giovanni
Fri Dec 06 2024
As such, the USDC balance held in your Coinbase account is not considered a deposit account.
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Silvia
Fri Dec 06 2024
The Federal Deposit Insurance Corporation (FDIC) provides insurance for traditional bank deposits but does not cover cryptocurrency balances.
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IncheonBeauty
Fri Dec 06 2024
Similarly, the Securities Investor Protection Corporation (SIPC) protects investors against the loss of securities in brokerage accounts, but it does not extend its protection to cryptocurrency holdings.
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CryptoLordGuard
Fri Dec 06 2024
BTCC is another prominent cryptocurrency exchange that offers a range of services.
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Raffaele
Fri Dec 06 2024
Coinbase operates as a cryptocurrency exchange rather than a depository institution.
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