FDIC Insurance is FAKE! | Safest Crypto Exchanges Checklist


Crypto exchange Voyager Digital recently announced the suspension of trading, deposits, and withdrawals due to difficult market conditions amid a deepening meltdown in the troubled cryptocurrency market. Although Voyager has long claimed your USD assets are FDIC insured, that may turn out to be incredibly misleading. Voyager customer funds held by Metropolitan Commercial Bank are insured by the FDIC, however, FDIC insurance coverage is available only to protect against the failure of Metropolitan Commercial Bank. This begs the question, which crypto exchanges currently offer true FDIC insurance for USD fiat cash in the event of a meltdown? We’re breaking down the safety of U.S. crypto exchanges currently available including: Coinbase, Binance US, Robinhood, Kucoin, Gemini, and FTX US.

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00:00 intro
01:45 Voyager FDIC Insurance
09:20 Binance US
18:27 Gemini
20:52 Safety Checklist
23:14 Crypto.com
25:32 FTX US
27:30 Kucoin
29:00 Coinbase
30:25 Robinhood
33:33 Exchange Safety Checklist
34:03 Audience Poll
35:28 Q&A
44:51 outro

#crypto #bitcoin #cryptocurrency
~FDIC Insurance is FAKE! | Safest Crypto Exchanges Checklist~
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