Post
Topic
Board Exchanges
Re: Is Coinbase insured?
by
Japinat
on 01/10/2024, 10:49:55 UTC
But at the same time, this protection doesn't apply to non-US citizens and for such citizens, there is a different insurance.

It’s really disappointing that this exchange only encourages deposits from U.S. citizens since they’re the only ones covered by insurance (up to $250k). For non-U.S. residents, all they get is the assurance of a strong security system--is that really it?

The insurance policy feels quite unfair since it's the same money and value. I haven’t seen any insurance policy like this, because in banking, all deposits are insured up to a certain amount, regardless of the depositor's nationality. It almost makes Coinbase's policy seem discriminatory.