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by jandrese 3103 days ago
There is no FDIC for Bitcoin exchanges. Also a distressingly large percentage of the exchanges to date have been either fraudulently or incompetently run and lost the user's bitcoibs and/or fiat money.

Nobody would use banks if 4 out of 5 were completely cleaned out by crooks and went out of business.

1 comments

yes there is. Gemini is FDIC insured for dollar deposits https://gemini24.zendesk.com/hc/en-us/articles/205823016-Are...