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Is my crypto FDIC insured on Coinbase?

No, your crypto is not FDIC insured on Coinbase. Cryptocurrency is not legal tender and is not backed by the government, falling outside the scope of the FDIC. However, Coinbase does provide some crime insurance to protect your crypto holdings on the platform.

Does Coinbase have FDIC insurance?

FDIC insurance coverage is contingent upon Coinbase maintaining accurate records and on determinations of the FDIC as receiver at the time of a receivership of a bank holding a custodial account. Below is a list of the insured depository institutions at which Coinbase may deposit customer funds:

Is Coinbase an FDIC-insured bank?

Coinbase is not an FDIC-insured bank and cryptocurrency is not insured or guaranteed by or subject to the protections of the Federal Deposit Insurance Corporation (“FDIC”) or Securities Investor Protection Corporation (“SIPC”), and may lose value. In case of a covered security event, we will endeavor to make you whole.

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