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If you hold FIAT on exchanges, make sure it’s FDIC-insured: List of FDIC-Insured Cryptocurrency Exchanges — CryptoSec

If you hold FIAT on exchanges, make sure it’s FDIC-insured: List of FDIC-Insured Cryptocurrency Exchanges — CryptoSec



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  1. tldr; If an exchange is FDIC insured, it means that the Federal Deposit Insurance Corporation (FDIC) should protect your funds against losses if it’s the case that the exchange fails. However, the FDIC only insures the USD funds in exchanges. This is due to crypto exchanges being prone to hackers. For storing bitcoin and cryptocurrencies long-term, we’d heavily recommend using a reputable hardware wallet.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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