Quote from: hugeblack on March 03, 2019, 06:59:28 AM

Cryptocurrencies "Bitcoin" provide you with an irreplaceable alternative As long as you keep your recovery seeds safety, no one will be able to steal your coins without having to trust the promises of someone or an institution.

The problem is that users still have to care about the safety of their computers. Different keylogger viruses are a pretty popular disease of the crypto community. In this case, banks are still way safer because if your card was stolen you can request a chargeback while if someone hacked you and stole your keys there is no way to get your money back.

Quote from: jseverson on March 04, 2019, 08:22:55 AM

Custodial services are most likely insured because that's kind of the point. Other than that, I know Coinbase actually insures customer funds, albeit conditionally. There could be other exchanges that do this but I don't know of any other example.

I feel like I should point out that I don't shill for Coinbase lmao. I just happen to be more familiar with them than other major exchanges.

Sounds interesting.
Do you know any cases when users could get their money back after being hacked?
I feel like funds are secured in case someone hacks coinbase, not a user. That's a bit different kind of security.