Does Gemini provide FDIC insurance for digital assets?

3 answers

• crazy_questionsJun 21, 2021 · 4 years ago
  Yes, Gemini provides FDIC insurance for digital assets. This means that if Gemini were to go out of business, your digital assets would be protected up to $250,000 per account. It's a great feature that gives users peace of mind knowing their funds are safe.
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• Akash M.VJan 03, 2023 · 3 years ago
  Gemini does not provide FDIC insurance for digital assets. However, they have implemented robust security measures to protect user funds. They store the majority of digital assets in offline cold storage, use multi-signature technology, and conduct regular security audits. While FDIC insurance is not available, Gemini has a strong track record of keeping user funds secure.
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• Ashish KaranthNov 22, 2020 · 5 years ago
  While Gemini does not provide FDIC insurance for digital assets, it is important to note that no cryptocurrency exchange currently offers FDIC insurance. FDIC insurance is specific to traditional banking and does not cover digital assets. However, Gemini has taken steps to ensure the security of user funds through various security measures. It's always recommended to do your own research and take necessary precautions when dealing with digital assets.
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