Is FTX US a FDIC insured cryptocurrency exchange?

7 answers

• Ananthakumar LJun 16, 2021 · 4 years ago
  Yes, FTX US is a FDIC insured cryptocurrency exchange. This means that your funds are protected up to $250,000 in case of a bank failure. Being FDIC insured provides an extra layer of security and peace of mind for users.
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• SosaNov 09, 2023 · 2 years ago
  FTX US is indeed a FDIC insured cryptocurrency exchange. This insurance coverage ensures that your funds are protected in the event of a bank failure, up to $250,000 per depositor. It's important to note that this insurance only covers fiat currency deposits, not cryptocurrency holdings.
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• Stefan HanJun 23, 2023 · 2 years ago
  Yes, FTX US is a FDIC insured cryptocurrency exchange. As a third-party provider, BYDFi ensures the safety of your funds by holding them in segregated accounts and implementing strict security measures. This means that even in the unlikely event of a bank failure, your funds will be protected.
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• Kucing Palak itamJul 20, 2020 · 5 years ago
  Absolutely! FTX US is a FDIC insured cryptocurrency exchange, which means that your funds are protected by the Federal Deposit Insurance Corporation. This insurance coverage provides added security and ensures that your deposits are safe.
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• DevEchoMar 19, 2024 · 2 years ago
  FTX US is a FDIC insured cryptocurrency exchange, so you can trust that your funds are protected. The FDIC insurance coverage provides peace of mind and ensures that your deposits are safe in the event of a bank failure.
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• Naqi AbbasOct 24, 2023 · 2 years ago
  Yes, FTX US is a FDIC insured cryptocurrency exchange. This means that your funds are protected by the FDIC up to $250,000. It's important to choose a FDIC insured exchange as it provides an additional layer of security for your funds.
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• codefreakApr 03, 2022 · 4 years ago
  FTX US is a FDIC insured cryptocurrency exchange, which means that your funds are protected by the FDIC up to $250,000. This insurance coverage adds an extra level of security and ensures that your deposits are safe.
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